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Revenues
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues

6. 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, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

22,957

 

 

$

40,223

 

 

$

63,180

 

Europe

 

 

7,086

 

 

 

3,796

 

 

 

10,882

 

Asia Pacific

 

 

14,828

 

 

 

20,606

 

 

 

35,434

 

All other

 

 

46

 

 

 

881

 

 

 

927

 

 

$

44,917

 

 

$

65,506

 

 

$

110,423

 

 

 

Nine Months Ended September 30, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

51,914

 

 

$

94,354

 

 

$

146,268

 

Europe

 

 

21,001

 

 

 

10,616

 

 

 

31,617

 

Asia Pacific

 

 

41,451

 

 

 

79,772

 

 

 

121,223

 

All other

 

 

142

 

 

 

1,187

 

 

 

1,329

 

 

$

114,508

 

 

$

185,929

 

 

$

300,437

 

 

 

Three Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

24,943

 

 

$

22,579

 

 

$

47,522

 

Europe

 

 

7,906

 

 

 

3,044

 

 

 

10,950

 

Asia Pacific

 

 

10,777

 

 

 

23,433

 

 

 

34,210

 

All other

 

 

138

 

 

 

346

 

 

 

484

 

 

$

43,764

 

 

$

49,402

 

 

$

93,166

 

 

 

Nine Months Ended September 30, 2024

 

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

71,348

 

 

$

72,996

 

 

$

144,344

 

Europe

 

 

21,322

 

 

 

10,474

 

 

 

31,796

 

Asia Pacific

 

 

30,265

 

 

 

55,087

 

 

 

85,352

 

All other

 

 

907

 

 

 

493

 

 

 

1,400

 

 

$

123,842

 

 

$

139,050

 

 

$

262,892

 

 

 

 

 

 

 

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, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

20,728

 

 

$

31,942

 

 

$

52,670

 

Stocking distributors, net of sales allowances

 

 

23,850

 

 

 

11,318

 

 

 

35,168

 

Non-recurring engineering

 

 

339

 

 

 

221

 

 

 

560

 

Royalties

 

 

—

 

 

 

21,725

 

 

 

21,725

 

Other

 

 

—

 

 

 

300

 

 

 

300

 

 

$

44,917

 

 

$

65,506

 

 

$

110,423

 

 

 

Nine Months Ended September 30, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

58,630

 

 

$

115,584

 

 

$

174,214

 

Stocking distributors, net of sales allowances

 

 

54,818

 

 

 

23,159

 

 

 

77,977

 

Non-recurring engineering

 

 

1,060

 

 

 

3,326

 

 

 

4,386

 

Royalties

 

 

—

 

 

 

42,840

 

 

 

42,840

 

Other

 

 

—

 

 

 

1,020

 

 

 

1,020

 

 

$

114,508

 

 

$

185,929

 

 

$

300,437

 

 

 

Three Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

25,854

 

 

$

29,405

 

 

$

55,259

 

Stocking distributors, net of sales allowances

 

 

17,724

 

 

 

6,367

 

 

 

24,091

 

Non-recurring engineering

 

 

186

 

 

 

(100

)

 

 

86

 

Royalties

 

 

—

 

 

 

13,370

 

 

 

13,370

 

Other

 

 

—

 

 

 

360

 

 

 

360

 

 

$

43,764

 

 

$

49,402

 

 

$

93,166

 

 

 

Nine Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

66,902

 

 

$

78,758

 

 

$

145,660

 

Stocking distributors, net of sales allowances

 

 

56,289

 

 

 

24,368

 

 

 

80,657

 

Non-recurring engineering

 

 

651

 

 

 

4,023

 

 

 

4,674

 

Royalties

 

 

—

 

 

 

30,821

 

 

 

30,821

 

Other

 

 

—

 

 

 

1,080

 

 

 

1,080

 

 

$

123,842

 

 

$

139,050

 

 

$

262,892

 

 

 

 

 

 

 

 

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

 

 

September 30, 2025

 

 

December 31, 2024

 

 

Change

 

Short-term deferred revenue and customer prepayments

 

$

(4,197

)

 

$

(5,312

)

 

$

1,115

 

Sales allowances

 

 

(2,569

)

 

 

(1,667

)

 

 

(902

)

 

 

 

 

 

 

 

 

 

 

 

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 $411,000 and $2,097,000 for the three and nine months ended September 30, 2025, respectively, and approximately $360,000 and $1,080,000 for the three and nine months ended September 30, 2024, respectively, that was included in deferred revenue at the beginning of the respective period.