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Revenues
 6 Months Ended
Jun. 30, 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 June 30, 2026

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

20,355

 

 

$

57,062

 

 

$

77,417

 

Europe

 

 

12,115

 

 

 

4,099

 

 

 

16,214

 

Asia Pacific

 

 

16,698

 

 

 

32,705

 

 

 

49,403

 

All other

 

 

23

 

 

 

295

 

 

 

318

 

 

$

49,191

 

 

$

94,161

 

 

$

143,352

 

 

 

Six Months Ended June 30, 2026

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

43,570

 

 

$

91,560

 

 

$

135,130

 

Europe

 

 

22,386

 

 

 

7,428

 

 

 

29,814

 

Asia Pacific

 

 

31,200

 

 

 

59,425

 

 

 

90,625

 

All other

 

 

84

 

 

 

668

 

 

 

752

 

 

$

97,240

 

 

$

159,081

 

 

$

256,321

 

 

 

Three Months Ended June 30, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

15,422

 

 

$

30,824

 

 

$

46,246

 

Europe

 

 

6,142

 

 

 

4,720

 

 

 

10,862

 

Asia Pacific

 

 

13,822

 

 

 

24,880

 

 

 

38,702

 

All other

 

 

94

 

 

 

142

 

 

 

236

 

 

$

35,480

 

 

$

60,566

 

 

$

96,046

 

 

 

Six Months Ended June 30, 2025

 

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

28,957

 

 

$

54,131

 

 

$

83,088

 

Europe

 

 

13,915

 

 

 

6,820

 

 

 

20,735

 

Asia Pacific

 

 

26,623

 

 

 

59,166

 

 

 

85,789

 

All other

 

 

96

 

 

 

306

 

 

 

402

 

 

$

69,591

 

 

$

120,423

 

 

$

190,014

 

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

 

 

Three Months Ended June 30, 2026

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

25,786

 

 

$

52,371

 

 

$

78,157

 

Stocking distributors, net of sales allowances

 

 

23,314

 

 

 

9,432

 

 

 

32,746

 

Non-recurring engineering

 

 

91

 

 

 

1,932

 

 

 

2,023

 

Royalties

 

 

—

 

 

 

30,426

 

 

 

30,426

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

$

49,191

 

 

$

94,161

 

 

$

143,352

 

 

 

Six Months Ended June 30, 2026

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

50,691

 

 

$

92,463

 

 

$

143,154

 

Stocking distributors, net of sales allowances

 

 

46,373

 

 

 

17,794

 

 

 

64,167

 

Non-recurring engineering

 

 

176

 

 

 

3,433

 

 

 

3,609

 

Royalties

 

 

—

 

 

 

45,391

 

 

 

45,391

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

$

97,240

 

 

$

159,081

 

 

$

256,321

 

 

 

Three Months Ended June 30, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

19,620

 

 

$

40,154

 

 

$

59,774

 

Stocking distributors, net of sales allowances

 

 

15,604

 

 

 

7,995

 

 

 

23,599

 

Non-recurring engineering

 

 

256

 

 

 

1,704

 

 

 

1,960

 

Royalties

 

 

—

 

 

 

10,353

 

 

 

10,353

 

Other

 

 

—

 

 

 

360

 

 

 

360

 

 

$

35,480

 

 

$

60,566

 

 

$

96,046

 

 

 

Six Months Ended June 30, 2025

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

37,902

 

 

$

83,642

 

 

$

121,544

 

Stocking distributors, net of sales allowances

 

 

30,968

 

 

 

11,841

 

 

 

42,809

 

Non-recurring engineering

 

 

721

 

 

 

3,105

 

 

 

3,826

 

Royalties

 

 

—

 

 

 

21,115

 

 

 

21,115

 

Other

 

 

—

 

 

 

720

 

 

 

720

 

 

$

69,591

 

 

$

120,423

 

 

$

190,014

 

 

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

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Change

 

Short-term deferred revenue and customer prepayments

 

$

(875

)

 

$

(3,426

)

 

$

2,551

 

Sales allowances

 

 

(4,414

)

 

 

(3,136

)

 

 

(1,278

)

 

 

 

 

 

 

 

 

 

 

 

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 did not recognize any revenue for the three and six months ended June 30, 2026, and recognized revenue of approximately $574,000 and $1,686,000 for the three and six months ended June 30, 2025, respectively, that was included in deferred revenue at the beginning of the respective period.