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v3.25.3

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Sep. 30, 2025
SEGMENT INFORMATION |
Summary of financial information for segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2025 | ​ | Three months ended September 30, 2024
​ |  | Ranor |  | Stadco |  | Total |  | Ranor |  | Stadco |  | Total
Revenue | ​ | $ | 4,373 | ​ | $ | 4,819 | ​ | $ | 9,192 | ​ | $ | 4,790 | ​ | $ | 4,223 | ​ | $ | 9,013
Intersegment elimination | ​ |  | — | ​ |  | (106) | ​ |  | (106) | ​ |  | — | ​ |  | (67) | ​ |  | (67)
Revenue, net | ​ | $ | 4,373 | ​ | $ | 4,713 | ​ | $ | 9,086 | ​ | $ | 4,790 | ​ | $ | 4,156 | ​ | $ | 8,946
Cost of revenue | ​ |  | 2,165 | ​ |  | 4,463 | ​ |  | 6,628 | ​ |  | 3,205 | ​ |  | 4,727 | ​ |  | 7,932
Selling, general, and administrative (1)(3) | ​ |  | 652 | ​ |  | 758 | ​ |  | 1,410 | ​ |  | 654 | ​ |  | 810 | ​ |  | 1,464
Income (loss) from operations | ​ |  | 1,556 | ​ |  | (508) | ​ |  | 1,048 | ​ |  | 931 | ​ |  | (1,381) | ​ |  | (450)
Reconciliation of profit or loss: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Unallocated items: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Corporate general costs (2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (106) | ​ |  | ​ | ​ |  | ​ | ​ |  | (38)
Costs related to terminated acquisition | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | — | ​ |  | ​ | ​ |  | ​ | ​ |  | —
Consolidated operating income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 942 | ​ |  | ​ | ​ |  | ​ | ​ |  | (488)
Other income (expense), net | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1 | ​ |  | ​ | ​ |  | ​ | ​ |  | —
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (118) | ​ |  | ​ | ​ |  | ​ | ​ |  | (113)
Consolidated income (loss) before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 825 | ​ |  | ​ | ​ |  | ​ | ​ | $ | (601)
Depreciation and amortization | ​ | $ | 265 | ​ | $ | 438 | ​ | $ | 703 | ​ | $ | 257 | ​ | $ | 435 | ​ | $ | 692
Capital expenditures | ​ | $ | 995 | ​ | $ | — | ​ | $ | 995 | ​ | $ | 1,421 | ​ | $ | — | ​ | $ | 1,421
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended September 30, 2025 | ​ | Six months ended September 30, 2024
​ |  | Ranor |  | Stadco |  | Total |  | Ranor |  | Stadco |  | Total
Revenue | ​ | $ | 8,670 | ​ | $ | 8,151 | ​ | $ | 16,821 | ​ | $ | 9,172 | ​ | $ | 7,827 | ​ | $ | 16,999
Intersegment elimination | ​ |  | (55) | ​ |  | (301) | ​ |  | (356) | ​ |  | — | ​ |  | (67) | ​ |  | (67)
Revenue, net | ​ | $ | 8,615 | ​ | $ | 7,850 | ​ | $ | 16,465 | ​ | $ | 9,172 | ​ | $ | 7,760 | ​ | $ | 16,932
Cost of revenue | ​ |  | 4,914 | ​ |  | 8,063 | ​ |  | 12,977 | ​ |  | 6,350 | ​ |  | 9,329 | ​ |  | 15,679
Selling, general, and administrative (1)(3) | ​ |  | 1,304 | ​ |  | 1,493 | ​ |  | 2,797 | ​ |  | 1,108 | ​ |  | 1,480 | ​ |  | 2,588
Income (loss) from operations | ​ |  | 2,397 | ​ |  | (1,706) | ​ |  | 691 | ​ |  | 1,714 | ​ |  | (3,049) | ​ |  | (1,335)
Reconciliation of profit or loss: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Unallocated items: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate general costs (2) | ​ |  |  | ​ |  |  | ​ |  | (212) | ​ |  |  | ​ |  |  | ​ |  | (75)
Costs related to terminated acquisition | ​ |  |  | ​ |  |  | ​ |  | — | ​ |  |  | ​ |  |  | ​ |  | (419)
Consolidated operating income (loss) | ​ |  |  | ​ |  |  | ​ |  | 479 | ​ |  |  | ​ |  |  | ​ |  | (1,829)
Other income (expense), net | ​ |  |  | ​ |  |  | ​ |  | 2 | ​ |  |  | ​ |  |  | ​ |  | 13
Interest expense | ​ |  |  | ​ |  |  | ​ |  | (253) | ​ |  |  | ​ |  |  | ​ |  | (245)
Consolidated income (loss) before income taxes | ​ |  |  | ​ |  |  | ​ | $ | 228 | ​ |  |  | ​ |  |  | ​ | $ | (2,061)
Depreciation and amortization | ​ | $ | 524 | ​ | $ | 880 | ​ | $ | 1,404 | ​ | $ | 523 | ​ | $ | 868 | ​ | $ | 1,391
Capital expenditures | ​ | $ | 2,245 | ​ | $ | — | ​ | $ | 2,245 | ​ | $ | 1,622 | ​ | $ | — | ​ | $ | 1,622
(1) | Corporate overhead costs such as executive and sales compensation, and other corporate facilities and administrative expenses are allocated equally to the segments.
(2) | Corporate general costs include executive and director compensation, stock-based compensation expense, and other corporate administrative expenses not allocated to the segments.
(3) | Prior period data is restated to reflect changes in corporate and administrative expenses allocated to the segments.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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