| Revenues |
6. Revenues The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
29,189 |
|
|
$ |
96,681 |
|
|
$ |
125,870 |
|
Europe |
|
|
13,730 |
|
|
|
8,170 |
|
|
|
21,900 |
|
Asia Pacific |
|
|
15,334 |
|
|
|
32,449 |
|
|
|
47,783 |
|
All other |
|
|
- |
|
|
|
1,561 |
|
|
|
1,561 |
|
|
|
$ |
58,253 |
|
|
$ |
138,861 |
|
|
$ |
197,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
72,759 |
|
|
$ |
188,241 |
|
|
$ |
261,000 |
|
Europe |
|
|
36,116 |
|
|
|
15,598 |
|
|
|
51,714 |
|
Asia Pacific |
|
|
46,534 |
|
|
|
91,874 |
|
|
|
138,408 |
|
All other |
|
|
84 |
|
|
|
2,229 |
|
|
|
2,313 |
|
|
|
$ |
155,493 |
|
|
$ |
297,942 |
|
|
$ |
453,435 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
22,957 |
|
|
$ |
40,223 |
|
|
$ |
63,180 |
|
Europe |
|
|
7,086 |
|
|
|
3,796 |
|
|
|
10,882 |
|
Asia Pacific |
|
|
14,828 |
|
|
|
20,606 |
|
|
|
35,434 |
|
All other |
|
|
46 |
|
|
|
881 |
|
|
|
927 |
|
|
|
$ |
44,917 |
|
|
$ |
65,506 |
|
|
$ |
110,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
United States |
|
$ |
51,914 |
|
|
$ |
94,354 |
|
|
$ |
146,268 |
|
Europe |
|
|
21,001 |
|
|
|
10,616 |
|
|
|
31,617 |
|
Asia Pacific |
|
|
41,451 |
|
|
|
79,772 |
|
|
|
121,223 |
|
All other |
|
|
142 |
|
|
|
1,187 |
|
|
|
1,329 |
|
|
|
$ |
114,508 |
|
|
$ |
185,929 |
|
|
$ |
300,437 |
|
The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
26,776 |
|
|
$ |
62,400 |
|
|
$ |
89,176 |
|
Stocking distributors, net of sales allowances |
|
|
31,075 |
|
|
|
9,788 |
|
|
|
40,863 |
|
Non-recurring engineering |
|
|
402 |
|
|
|
60 |
|
|
|
462 |
|
Royalties |
|
|
— |
|
|
|
66,613 |
|
|
|
66,613 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
58,253 |
|
|
$ |
138,861 |
|
|
$ |
197,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2026 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
77,467 |
|
|
$ |
154,863 |
|
|
$ |
232,330 |
|
Stocking distributors, net of sales allowances |
|
|
77,448 |
|
|
|
27,582 |
|
|
|
105,030 |
|
Non-recurring engineering |
|
|
578 |
|
|
|
3,493 |
|
|
|
4,071 |
|
Royalties |
|
|
— |
|
|
|
112,004 |
|
|
|
112,004 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
155,493 |
|
|
$ |
297,942 |
|
|
$ |
453,435 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
20,728 |
|
|
$ |
31,942 |
|
|
$ |
52,670 |
|
Stocking distributors, net of sales allowances |
|
|
23,850 |
|
|
|
11,318 |
|
|
|
35,168 |
|
Non-recurring engineering |
|
|
339 |
|
|
|
221 |
|
|
|
560 |
|
Royalties |
|
|
— |
|
|
|
21,725 |
|
|
|
21,725 |
|
Other |
|
|
— |
|
|
|
300 |
|
|
|
300 |
|
|
|
$ |
44,917 |
|
|
$ |
65,506 |
|
|
$ |
110,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2025 |
|
|
|
Brick Products |
|
|
Advanced Products |
|
|
Total |
|
Direct customers, contract manufacturers and
non-stocking distributors |
|
$ |
58,630 |
|
|
$ |
115,584 |
|
|
$ |
174,214 |
|
Stocking distributors, net of sales allowances |
|
|
54,818 |
|
|
|
23,159 |
|
|
|
77,977 |
|
Non-recurring engineering |
|
|
1,060 |
|
|
|
3,326 |
|
|
|
4,386 |
|
Royalties |
|
|
— |
|
|
|
42,840 |
|
|
|
42,840 |
|
Other |
|
|
— |
|
|
|
1,020 |
|
|
|
1,020 |
|
|
|
$ |
114,508 |
|
|
$ |
185,929 |
|
|
$ |
300,437 |
|
The following table presents the changes in certain contract liabilities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
|
Change |
|
Short-term deferred revenue and customer prepayments |
|
$ |
(418 |
) |
|
$ |
(3,426 |
) |
|
$ |
3,008 |
|
Sales allowances |
|
|
(3,512 |
) |
|
|
(3,136 |
) |
|
|
(376 |
) |
|
|
|
|
|
|
|
|
|
|
The Company records deferred revenue, which represents a contract liability, when cash payments are received or due in advance of performance under a contract with a customer. The Company recognized revenue of approximately $60,000 for the three months ended September 30, 2026, and recognized revenue of approximately $411,000 and $2,097,000 for the three and nine months ended September 30, 2025, respectively, that was included in deferred revenue at the beginning of the respective period.
|