Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.23.3
REVENUE (Tables)
9 Months Ended
Sep. 30, 2023
REVENUE  
Schedule of contract assets

Contract assets are as follows (in thousands):

    

September 30, 2023

    

December 31, 2022

    

Change

Contract assets

$

7,007

$

7,277

$

(270)

Schedule of revenue by segment, as well as total revenue

The Company reports revenue by segment. The following tables present revenue by segment, as well as a reconciliation to total revenue for the three and nine months ended September 30, 2023 and 2022 (in thousands):

    

Three Months Ended September 30, 

    

Nine Months Ended September 30, 

    

2023

    

2023

Asset Management

    

    

Asset Management

    

    

    

 Solutions

    

Tech Ops

    

Total Revenues

    

 Solutions

    

TechOps

    

Total Revenues

USM

$

17,754

$

3,884

$

21,638

$

49,348

$

9,709

$

59,057

Whole asset sales

 

44,812

 

-

 

44,812

 

89,811

 

218

 

90,029

Engineered solutions

 

-

 

392

 

392

 

-

 

874

 

874

Total products

 

62,566

 

4,276

 

66,842

 

139,159

 

10,801

 

149,960

Leasing

 

2,488

 

-

 

2,488

 

11,396

 

-

 

11,396

Services

 

-

 

23,154

 

23,154

 

-

 

78,725

 

78,725

Total revenues

$

65,054

$

27,430

$

92,484

$

150,555

$

89,526

$

240,081

    

Three Months Ended September 30, 

    

Nine Months Ended September 30, 

    

2022

    

2022

Asset Management

Asset Management

    

 Solutions

    

Tech Ops

    

Total Revenues

    

 Solutions

    

TechOps

    

Total Revenues

USM

$

10,128

$

3,455

$

13,583

$

38,869

$

5,209

$

44,078

Whole asset sales

2,677

-

2,677

147,451

23,605

171,056

Engineered solutions

 

-

 

563

 

563

 

-

 

2,679

 

2,679

Total products

 

12,805

 

4,018

 

16,823

 

186,320

 

31,493

 

217,813

Leasing

 

7,786

 

-

 

7,786

 

23,342

 

-

 

23,342

Services

 

-

 

26,390

 

26,390

 

-

 

72,258

 

72,258

Total revenues

$

20,591

$

30,408

$

50,999

$

209,662

$

103,751

$

313,413