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REVENUE (Tables) | 6 Months Ended
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Sep. 30, 2025
REVENUE |
Schedule of revenue on a disaggregated basis by market and contract type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue by market |  | Defense |  | Industrial |  | Totals
Three months ended September 30, 2025 | ​ | $ | 9,075 | ​ | $ | 11 | ​ | $ | 9,086
Three months ended September 30, 2024 | ​ | $ | 8,919 | ​ | $ | 27 | ​ | $ | 8,946
Six months ended September 30, 2025 | ​ | $ | 16,454 | ​ | $ | 11 | ​ | $ | 16,465
Six months ended September 30, 2024 | ​ | $ | 16,861 | ​ | $ | 71 | ​ | $ | 16,932
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue by contract type |  | Over-time |  | Point-in-time |  | Totals
Three months ended September 30, 2025 | ​ | $ | 8,659 | ​ | $ | 427 | ​ | $ | 9,086
Three months ended September 30, 2024 | ​ | $ | 8,532 | ​ | $ | 414 | ​ | $ | 8,946
Six months ended September 30, 2025 | ​ | $ | 15,344 | ​ | $ | 1,121 | ​ | $ | 16,465
Six months ended September 30, 2024 | ​ | $ | 15,861 | ​ | $ | 1,071 | ​ | $ | 16,932
Schedule of total revenue generated by the individual customers | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Three months ended | ​ | Six months ended | ​ | Six months ended | ​
​ | ​ | September 30, 2025 | ​ | September 30, 2024 | ​ | September 30, 2025 | ​ | September 30, 2024 | ​
Segment |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent | ​
Ranor | ​ | $ | 1,838 | ​ | 20 | % | $ | 4,393 | ​ | 49 | % | $ | 4,578 | ​ | 28 | % | $ | 8,281 | ​ | 49 | %
Stadco | ​ | $ | 2,826 | ​ | 31 | % | $ | 3,861 | ​ | 43 | % | $ | 4,810 | ​ | 29 | % | $ | 5,585 | ​ | 33 | %
Schedule of contract assets and contract liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Progress | ​ | ​ | ​
Contract assets |  | Unbilled |  | Payments |  | Total
September 30, 2025 | ​ | $ | 24,274 | ​ | $ | (14,142) | ​ | $ | 10,132
March 31, 2025 | ​ | $ | 26,059 | ​ | $ | (16,472) | ​ | $ | 9,587
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Opening |  | ​ |  | Obligations |  | Closing
Contract liabilities | ​ | Balance | ​ | Billed | ​ | Satisfied | ​ | Balance
September 30, 2025 | ​ | $ | 1,040 | ​ | $ | 16,531 | ​ | $ | (16,129) | ​ | $ | 1,442
March 31, 2025 | ​ | $ | 2,104 | ​ | $ | 18,720 | ​ | $ | (19,784) | ​ | $ | 1,040
​
Sales |
REVENUE |
Schedule of revenue from customers who accounted for more than 10% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Three months ended | ​ | Six months ended | ​ | Six months ended | ​
​ | ​ | September 30, 2025 | ​ | September 30, 2024 | ​ | September 30, 2025 | ​ | September 30, 2024 | ​
Customer |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent | ​
A | ​ | $ | * | ​ | * | % | $ | 1,601 | ​ | 18 | % | $ | 1,790 | ​ | 11 | % | $ | 3,362 | ​ | 20 | %
B | ​ | $ | 905 | ​ | 10 | % | $ | 898 | ​ | 10 | % | $ | * | ​ | * | % | $ | 1,890 | ​ | 11 | %
C | ​ | $ | 933 | ​ | 10 | % | $ | 1,206 | ​ | 13 | % | $ | 2,778 | ​ | 17 | % | $ | 2,281 | ​ | 14 | %
D | ​ | $ | 1,265 | ​ | 14 | % | $ | 1,041 | ​ | 12 | % | $ | 1,670 | ​ | 10 | % | $ | * | ​ | * | %
E | ​ | $ | 1,561 | ​ | 17 | % | $ | 1,395 | ​ | 16 | % | $ | 3,151 | ​ | 19 | % | $ | 3,341 | ​ | 19 | %
F | ​ | $ | * | ​ | * | % | $ | 2,113 | ​ | 23 | % | $ | * | ​ | * | % | $ | 2,992 | ​ | 18 | %
*Less than 10% of total

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