Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.23.3
Revenue (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue

 

                                                 
Revenue by Contract Type                                    
(In thousands)   Three Months Ended     Three Months Ended  
    September 30, 2023     September 30, 2022  
    Treatment     Services     Total     Treatment     Services     Total  
Fixed price   $ 10,795     $ 10,188     $ 20,983     $ 8,877     $ 6,892     $ 15,769  
Time and materials     -       894       894       -       2,703       2,703  
Total   $ 10,795     $ 11,082     $ 21,877     $ 8,877     $ 9,595     $ 18,472  

 

 

                                                 
Revenue by Contract Type                                    
(In thousands)   Nine Months Ended     Nine Months Ended  
    September 30, 2023     September 30, 2022  
    Treatment     Services     Total     Treatment     Services     Total  
Fixed price   $ 33,223     $ 29,995     $ 63,218     $ 24,749     $ 20,569     $ 45,318  
Time and materials     -       3,798       3,798       -       8,524       8,524  
Total   $ 33,223     $ 33,793     $ 67,016     $ 24,749     $ 29,093     $ 53,842  

 

                                                 
Revenue by generator                                    
(In thousands)   Three Months Ended     Three Months Ended  
    September 30, 2023     September 30, 2022  
    Treatment     Services     Total     Treatment     Services     Total  
Domestic government   $ 7,095     $ 8,444     $ 15,539     $ 5,728     $ 9,264     $ 14,992  
Domestic commercial     3,450       2,170       5,620       2,806       313       3,119  
Foreign government     250       445       695       287       -       287  
Foreign commercial     -       23       23       56       18       74  
Total   $ 10,795     $ 11,082     $ 21,877     $ 8,877     $ 9,595     $ 18,472  

 

                                                 
Revenue by generator                                    
(In thousands)   Nine Months Ended     Nine Months Ended  
    September 30, 2023     September 30, 2022  
    Treatment     Services     Total     Treatment     Services     Total  
Domestic government   $ 24,160     $ 29,603     $ 53,763     $ 17,786     $ 28,158     $ 45,944  
Domestic commercial     7,925       3,509       11,434       6,045       859       6,904  
Foreign government     1,002       615       1,617       532       12       544  
Foreign commercial     136       66       202       386       64       450  
Total   $ 33,223     $ 33,793     $ 67,016     $ 24,749     $ 29,093     $ 53,842  
Schedule of Contract Liabilities

The timing of revenue recognition and billings results in unbilled receivables (contract assets). The Company’s contract liabilities consist of deferred revenues which represent payment from customers in advance of the completion of our performance obligation. The following table represents changes in our contract assets and contract liabilities balances. Our deferred revenue balance at September 30, 2023 included a $2,500,000 invoice to a certain customer for a waste treatment project which is expected to commence and be completed in 2024.

 

                Year-to-date     Year-to-date  
(In thousands)   September 30, 2023     December 31, 2022     Change ($)     Change (%)  
Contract assets                                
Unbilled receivables - current   $ 9,336     $ 6,062     $ 3,274       54.0 %
                                 
Contract liabilities                                
Deferred revenue   $ 7,765     $ 4,813     $ 2,952       61.3 %