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Revenues
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenues

5. Revenues

The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands):

 

 

Three Months Ended September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

21,279

 

 

$

18,889

 

 

$

40,168

 

Europe

 

 

10,392

 

 

 

5,808

 

 

 

16,200

 

Asia Pacific

 

 

17,024

 

 

 

33,623

 

 

 

50,647

 

All other

 

 

737

 

 

 

92

 

 

 

829

 

 

$

49,432

 

 

$

58,412

 

 

$

107,844

 

 

 

Nine Months Ended September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

60,764

 

 

$

48,426

 

 

$

109,190

 

Europe

 

 

24,893

 

 

 

15,869

 

 

 

40,762

 

Asia Pacific

 

 

46,998

 

 

 

112,686

 

 

 

159,684

 

All other

 

 

2,536

 

 

 

235

 

 

 

2,771

 

 

$

135,191

 

 

$

177,216

 

 

$

312,407

 

 

 

Three Months Ended September 30, 2022

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

21,559

 

 

$

9,303

 

 

$

30,862

 

Europe

 

 

7,101

 

 

 

1,954

 

 

 

9,055

 

Asia Pacific

 

 

14,800

 

 

 

47,704

 

 

 

62,504

 

All other

 

 

456

 

 

 

241

 

 

 

697

 

 

$

43,916

 

 

$

59,202

 

 

$

103,118

 

 

 

Nine Months Ended September 30, 2022

 

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

54,288

 

 

$

32,711

 

 

$

86,999

 

Europe

 

 

19,184

 

 

 

6,951

 

 

 

26,135

 

Asia Pacific

 

 

38,167

 

 

 

139,749

 

 

 

177,916

 

All other

 

 

2,157

 

 

 

379

 

 

 

2,536

 

 

$

113,796

 

 

$

179,790

 

 

$

293,586

 

 

The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):

 

 

Three Months Ended
September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

27,748

 

 

$

37,384

 

 

$

65,132

 

Stocking distributors, net of sales allowances

 

 

21,461

 

 

 

9,673

 

 

 

31,134

 

Non-recurring engineering

 

 

223

 

 

 

6,726

 

 

 

6,949

 

Royalties

 

 

—

 

 

 

4,269

 

 

 

4,269

 

Other

 

 

—

 

 

 

360

 

 

 

360

 

 

$

49,432

 

 

$

58,412

 

 

$

107,844

 

 

 

 

Nine Months Ended September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

82,669

 

 

$

134,953

 

 

$

217,622

 

Stocking distributors, net of sales allowances

 

 

51,536

 

 

 

21,070

 

 

 

72,606

 

Non-recurring engineering

 

 

986

 

 

 

11,650

 

 

 

12,636

 

Royalties

 

 

—

 

 

 

8,745

 

 

 

8,745

 

Other

 

 

—

 

 

 

798

 

 

 

798

 

 

$

135,191

 

 

$

177,216

 

 

$

312,407

 

 

 

Three Months Ended September 30, 2022

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

29,051

 

 

$

53,033

 

 

$

82,084

 

Stocking distributors, net of sales allowances

 

 

14,288

 

 

 

2,869

 

 

 

17,157

 

Non-recurring engineering

 

 

577

 

 

 

2,249

 

 

 

2,826

 

Royalties

 

 

—

 

 

 

1,033

 

 

 

1,033

 

Other

 

 

—

 

 

 

18

 

 

 

18

 

 

$

43,916

 

 

$

59,202

 

 

$

103,118

 

 

 

Nine Months Ended September 30, 2022

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

77,018

 

 

$

162,483

 

 

$

239,501

 

Stocking distributors, net of sales allowances

 

 

35,960

 

 

 

9,715

 

 

 

45,675

 

Non-recurring engineering

 

 

818

 

 

 

5,543

 

 

 

6,361

 

Royalties

 

 

—

 

 

 

1,995

 

 

 

1,995

 

Other

 

 

—

 

 

 

54

 

 

 

54

 

 

$

113,796

 

 

$

179,790

 

 

$

293,586

 

 

The following table presents the changes in certain contract assets and (liabilities) (in thousands):

 

 

September 30, 2023

 

 

December 31, 2022

 

 

Change

 

Short-term deferred revenue and customer prepayments

 

$

(3,618

)

 

$

(13,197

)

 

$

9,579

 

Long-term deferred revenue

 

 

(1,380

)

 

 

(145

)

 

$

(1,235

)

Deferred expenses

 

 

30

 

 

 

577

 

 

$

(547

)

Sales allowances

 

 

(2,553

)

 

 

(1,661

)

 

$

(892

)

 

Deferred expenses are included in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

The Company records deferred revenue, which represents a contract liability, when cash payments are received or due in advance of performance under a contract with a customer. The Company recognized revenue of approximately $3,711,000 and $7,486,000 for the three and nine months ended September 30, 2023, respectively, and $1,149,000 and $2,015,000 for the three and nine months ended September 30, 2022 that was included in deferred revenue at the beginning of the respective period.