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REVENUE (Tables) | 12 Months Ended
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Mar. 31, 2025
REVENUE |
Schedule of revenue on a disaggregated basis by market and contract type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue by market |  | Defense |  | Industrial |  | Totals
Year ended March 31, 2025 | ​ | $ | 33,599 | ​ | $ | 432 | ​ | $ | 34,031
Year ended March 31, 2024 | ​ | $ | 31,406 | ​ | $ | 185 | ​ | $ | 31,591
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue by contract type |  | Over-time |  | Point-in-time |  | Totals
Year ended March 31, 2025 | ​ | $ | 31,323 | ​ | $ | 2,708 | ​ | $ | 34,031
Year ended March 31, 2024 | ​ | $ | 30,413 | ​ | $ | 1,178 | ​ | $ | 31,591
Schedule of total revenue generated by the individual customers | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | 2025 |  | 2024 | ​
Revenue |  | Amount |  | Percent |  | Amount |  | Percent |
Ranor | ​ | $ | 15,576 |  | 46 | % | $ | 15,628 |  | 49 | %
Stadco | ​ | $ | 11,167 |  | 33 | % | $ | 6,250 |  | 19 | %
Schedule of contract assets and contract liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Progress | ​ | ​ | ​
Contract assets |  | Unbilled |  | Payments |  | Total
March 31, 2025 | ​ | $ | 26,059 | ​ | $ | (10,472) | ​ | $ | 9,587
March 31, 2024 | ​ | $ | 19,255 | ​ | $ | (10,728) | ​ | $ | 8,527
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Opening | ​ | ​ | ​ | ​ | Obligations | ​ | Closing
Contract liabilities |  | Balance |  | Billed |  | Satisfied |  | Balance
March 31, 2025 | ​ | $ | 2,104 | ​ | $ | 18,720 | ​ | $ | (19,784) | ​ | $ | 1,040
March 31, 2024 | ​ | $ | 1,195 | ​ | $ | 13,574 | ​ | $ | (12,665) | ​ | $ | 2,104
​
Sales |
REVENUE |
Schedule of revenue from customers who accounted for more than 10% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2025 | ​ | 2024 |
Customer |  | Amount |  | Percent |  | Amount |  | Percent |
Customer A | ​ | $ | 5,795 |  | 17 | % | $ | 10,295 |  | 32 | %
Customer B | ​ | $ | 3,327 |  | 10 | % | $ | 3,320 |  | 10 | %
Customer C | ​ | $ | 4,947 |  | 15 | % | $ | 3,258 |  | 10 | %
Customer D | ​ | $ | * | ​ | * | % | $ | * | ​ | * | %
Customer E | ​ | $ | 7,671 | ​ | 22 | % | $ | 5,005 | ​ | 16 | %
Customer F | ​ | $ | 5,003 | ​ | 15 | % | $ | * | ​ | * | %
* | Less than 10% of total

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