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Revenues
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

23,215

 

 

$

34,498

 

 

$

57,713

 

Europe

 

 

10,271

 

 

 

3,329

 

 

 

13,600

 

Asia Pacific

 

 

14,502

 

 

 

26,720

 

 

 

41,222

 

All other

 

 

61

 

 

 

373

 

 

 

434

 

 

$

48,049

 

 

$

64,920

 

 

$

112,969

 

 

 

 

Three Months Ended March 31, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

13,535

 

 

$

23,307

 

 

$

36,842

 

Europe

 

 

7,773

 

 

 

2,100

 

 

 

9,873

 

Asia Pacific

 

 

12,801

 

 

 

34,286

 

 

 

47,087

 

All other

 

 

2

 

 

 

164

 

 

 

166

 

 

$

34,111

 

 

$

59,857

 

 

$

93,968

 

 

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

 

 

Three Months Ended March 31, 2026

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

24,905

 

 

$

40,092

 

 

$

64,997

 

Stocking distributors, net of sales allowances

 

 

23,059

 

 

 

8,362

 

 

 

31,421

 

Non-recurring engineering

 

 

85

 

 

 

1,501

 

 

 

1,586

 

Royalties

 

 

—

 

 

 

14,965

 

 

 

14,965

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

$

48,049

 

 

$

64,920

 

 

$

112,969

 

 

 

 

Three Months Ended March 31, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

18,282

 

 

$

43,488

 

 

$

61,770

 

Stocking distributors, net of sales allowances

 

 

15,364

 

 

 

3,846

 

 

 

19,210

 

Non-recurring engineering

 

 

465

 

 

 

1,401

 

 

 

1,866

 

Royalties

 

 

—

 

 

 

10,762

 

 

 

10,762

 

Other

 

 

—

 

 

 

360

 

 

 

360

 

 

$

34,111

 

 

$

59,857

 

 

$

93,968

 

 

 

 

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

 

 

March 31, 2026

 

 

December 31, 2025

 

 

Change

 

Short-term deferred revenue and customer prepayments

 

$

(2,155

)

 

$

(3,426

)

 

$

1,271

 

Sales allowances

 

 

(3,661

)

 

 

(3,136

)

 

 

(525

)

 

 

 

 

 

 

 

 

 

 

 

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 $0 and $1,326,000 for the three months ended March 31, 2026 and 2025, respectively, that was included in deferred revenue at the beginning of the respective period.