Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.23.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2023
REVENUE  
Schedule of contract assets

Contract assets are as follows (in thousands):

    

June 30, 2023

    

December 31, 2022

    

Change

Contract assets

$

4,268

$

7,277

$

(3,009)

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, 2023 and 2022 (in thousands):

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

2023

    

2023

Asset Management

    

    

Asset Management

    

    

    

 Solutions

    

Tech Ops

    

Total Revenues

    

 Solutions

    

TechOps

    

Total Revenues

USM

$

16,442

$

3,409

$

19,851

$

31,594

$

5,825

$

37,419

Whole asset sales

 

17,343

 

218

 

17,561

 

44,999

 

218

 

45,217

Engineered solutions

 

-

 

211

 

211

 

-

 

482

 

482

Total products

 

33,785

 

3,838

 

37,623

 

76,593

 

6,525

 

83,118

Leasing

 

3,286

 

-

 

3,286

 

8,908

 

-

 

8,908

Services

 

-

 

28,417

 

28,417

 

-

 

55,571

 

55,571

Total revenues

$

37,071

$

32,255

$

69,326

$

85,501

$

62,096

$

147,597

    

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