Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.24.1.u1
REVENUE (Tables)
3 Months Ended
Mar. 31, 2024
REVENUE  
Schedule of contract assets

Contract assets are as follows (in thousands):

    

March 31, 2024

    

December 31, 2023

    

Change

Contract assets

$

6,134

$

6,474

$

(340)

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 months ended March 31, 2024 and 2023 (in thousands):

    

Three Months Ended March 31, 

    

2024

Asset Management

    

    

    

 Solutions

    

TechOps

    

Total Revenues

USM

$

17,532

$

5,375

$

22,907

Whole asset sales

 

38,648

 

-

 

38,648

Engineered solutions

 

-

 

55

 

55

Total products

 

56,180

 

5,430

 

61,610

Leasing

 

3,082

 

-

 

3,082

Services

 

-

 

25,848

 

25,848

Total revenues

$

59,262

$

31,278

$

90,540

    

Three Months Ended March 31, 

    

2023

Asset Management

    

 Solutions

    

TechOps

    

Total Revenues

USM

$

15,152

$

2,416

$

17,568

Whole asset sales

27,656

-

27,656

Engineered solutions

 

-

 

271

 

271

Total products

 

42,808

 

2,687

 

45,495

Leasing

 

5,622

 

-

 

5,622

Services

 

-

 

27,154

 

27,154

Total revenues

$

48,430

$

29,841

$

78,271