| Summary of Revenue Disaggregated by Geographical Region and Source of Revenue |
In the following tables, revenue is disaggregated by primary geographical region and source of revenue for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
U.S. |
|
|
International |
|
|
Total |
|
|
U.S. |
|
|
International |
|
|
Total |
|
|
|
(In thousands) |
|
Geographical region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia |
|
$ |
— |
|
|
$ |
3,612 |
|
|
$ |
3,612 |
|
|
$ |
— |
|
|
$ |
8,553 |
|
|
$ |
8,553 |
|
Canada |
|
|
— |
|
|
|
265 |
|
|
|
265 |
|
|
|
— |
|
|
|
1,194 |
|
|
|
1,194 |
|
Europe |
|
|
— |
|
|
|
6,776 |
|
|
|
6,776 |
|
|
|
— |
|
|
|
4,047 |
|
|
|
4,047 |
|
Latin America |
|
|
— |
|
|
|
567 |
|
|
|
567 |
|
|
|
— |
|
|
|
15,719 |
|
|
|
15,719 |
|
U.S. |
|
|
38,629 |
|
|
|
— |
|
|
|
38,629 |
|
|
|
48,511 |
|
|
|
— |
|
|
|
48,511 |
|
Total revenue |
|
$ |
38,629 |
|
|
$ |
11,220 |
|
|
$ |
49,849 |
|
|
$ |
48,511 |
|
|
$ |
29,513 |
|
|
$ |
78,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Source of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy industrial |
|
$ |
14,943 |
|
|
$ |
5,429 |
|
|
$ |
20,372 |
|
|
$ |
9,294 |
|
|
$ |
13,499 |
|
|
$ |
22,793 |
|
Thermal barrier |
|
|
23,686 |
|
|
|
5,791 |
|
|
|
29,477 |
|
|
|
39,217 |
|
|
|
16,014 |
|
|
|
55,231 |
|
Total revenue |
|
$ |
38,629 |
|
|
$ |
11,220 |
|
|
$ |
49,849 |
|
|
$ |
48,511 |
|
|
$ |
29,513 |
|
|
$ |
78,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
U.S. |
|
|
International |
|
|
Total |
|
|
U.S. |
|
|
International |
|
|
Total |
|
|
|
(In thousands) |
|
Geographical region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia |
|
$ |
— |
|
|
$ |
9,078 |
|
|
$ |
9,078 |
|
|
$ |
— |
|
|
$ |
15,718 |
|
|
$ |
15,718 |
|
Canada |
|
|
— |
|
|
|
265 |
|
|
|
265 |
|
|
|
— |
|
|
|
2,005 |
|
|
|
2,005 |
|
Europe |
|
|
— |
|
|
|
15,803 |
|
|
|
15,803 |
|
|
|
— |
|
|
|
8,802 |
|
|
|
8,802 |
|
Latin America |
|
|
— |
|
|
|
1,076 |
|
|
|
1,076 |
|
|
|
— |
|
|
|
43,539 |
|
|
|
43,539 |
|
U.S. |
|
|
61,511 |
|
|
|
— |
|
|
|
61,511 |
|
|
|
86,683 |
|
|
|
— |
|
|
|
86,683 |
|
Total revenue |
|
$ |
61,511 |
|
|
$ |
26,222 |
|
|
$ |
87,733 |
|
|
$ |
86,683 |
|
|
$ |
70,064 |
|
|
$ |
156,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Source of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy industrial |
|
$ |
26,585 |
|
|
$ |
15,375 |
|
|
$ |
41,960 |
|
|
$ |
26,610 |
|
|
$ |
26,005 |
|
|
$ |
52,615 |
|
Thermal barrier |
|
|
34,926 |
|
|
|
10,847 |
|
|
|
45,773 |
|
|
|
60,073 |
|
|
|
44,059 |
|
|
|
104,132 |
|
Total revenue |
|
$ |
61,511 |
|
|
$ |
26,222 |
|
|
$ |
87,733 |
|
|
$ |
86,683 |
|
|
$ |
70,064 |
|
|
$ |
156,747 |
|
|
| Summary of Changes in Contract Assets and Contract Liabilities |
The following table presents changes in the Company’s contract liabilities during the six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 31,
2025 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
June 30, 2026 |
|
|
|
(In thousands) |
|
Contract liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred revenue |
|
|
|
|
|
|
|
|
|
|
|
|
Energy industrial |
|
$ |
1,259 |
|
|
$ |
5,126 |
|
|
$ |
(325 |
) |
|
$ |
6,060 |
|
Thermal barrier |
|
|
— |
|
|
|
24,343 |
|
|
|
(4,869 |
) |
|
|
19,474 |
|
Deferred revenue long-term |
|
|
|
|
|
|
|
|
|
|
|
|
Thermal barrier |
|
|
— |
|
|
|
14,607 |
|
|
|
(4,869 |
) |
|
|
9,738 |
|
Total contract liabilities |
|
$ |
1,259 |
|
|
$ |
44,076 |
|
|
$ |
(10,063 |
) |
|
$ |
35,272 |
|
|