Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.22.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2022
REVENUE.  
Schedule of contract assets

Contract assets are as follows (in thousands):

    

June 30, 2022

    

December 31, 2021

    

Change

Contract assets

$

12,258

$

13,221

$

(963)

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 six months ended June 30, 2022 and 2021 (in thousands):

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

    

2022

    

2022

    

Asset Management

    

    

Asset Management

    

    

    

 Solutions

    

Tech Ops

    

Total Revenues

    

 Solutions

    

TechOps

    

Total Revenues

    

USM

$

14,332

$

935

$

15,267

$

28,741

$

1,754

$

30,495

Whole asset sales

 

92,854

 

(350)

 

92,504

 

144,774

 

23,605

 

168,379

Engineered solutions

 

-

 

851

 

851

 

-

 

2,116

 

2,116

Total products

 

107,186

 

1,436

 

108,622

 

173,515

 

27,475

 

200,990

Leasing

 

7,355

 

-

 

7,355

 

15,556

 

-

 

15,556

Services

 

-

 

23,631

 

23,631

 

-

 

45,868

 

45,868

Total revenues

$

114,541

$

25,067

$

139,608

$

189,071

$

73,343

$

262,414

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

    

2021

    

2021

    

Asset Management

Asset Management

    

 Solutions

    

Tech Ops

    

Total Revenues

    

 Solutions

    

TechOps

    

Total Revenues

    

USM

$

11,244

$

1,116

$

12,360

$

20,469

$

2,259

$

22,728

Whole asset sales

42,689

-

42,689

56,460

-

56,460

Engineered solutions

 

-

 

1,126

 

1,126

 

-

 

2,113

 

2,113

Total products

 

53,933

 

2,242

 

56,175

 

76,929

 

4,372

 

81,301

Leasing

 

6,366

 

-

 

6,366

 

12,622

 

-

 

12,622

Services

 

-

 

29,380

 

29,380

 

-

 

56,433

 

56,433

Total revenues

$

60,299

$

31,622

$

91,921

$

89,551

$

60,805

$

150,356