| Schedule of contract assets |
Contract assets are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
December 31, 2024 |
|
Change |
Contract assets |
|
$ |
3,689 |
|
$ |
6,166 |
|
$ |
(2,477) |
|
| 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, 2025 and 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Three Months ended March 31, |
|
|
2025 |
|
|
Asset Management |
|
|
|
|
|
|
|
|
Solutions |
|
TechOps |
|
Total Revenues |
USM |
|
$ |
29,962 |
|
$ |
3,037 |
|
$ |
32,999 |
Whole asset sales |
|
|
1,750 |
|
|
- |
|
|
1,750 |
Engineered solutions |
|
|
- |
|
|
2,373 |
|
|
2,373 |
Total products |
|
|
31,712 |
|
|
5,410 |
|
|
37,122 |
Leasing |
|
|
7,501 |
|
|
- |
|
|
7,501 |
Services |
|
|
- |
|
|
21,153 |
|
|
21,153 |
Total revenue |
|
$ |
39,213 |
|
$ |
26,563 |
|
$ |
65,776 |
|
|
|
|
|
|
|
|
|
|
|
|
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 revenue |
|
$ |
59,262 |
|
$ |
31,278 |
|
$ |
90,540 |
|