Note 6 - Revenue From Contracts With Customers

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(6) REVENUE FROM CONTRACTS WITH CUSTOMERS

The following tables provide additional information about our revenue from contracts with customers, including revenue by customer and product type and revenue by market. See also Note 14 for information about revenue by operating segment and geographic region.

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue by customer type:
End user	$	27,496	$	21,877	$	48,926	$	43,581
OEM/Integrator		6,495		10,681		14,889		20,896
	$	33,991	$	32,558	$	63,815	$	64,477
Revenue by product type:
Thermal test	$	4,228	$	6,172	$	7,927	$	11,993
Thermal process		9,843		11,872		20,798		21,694
Semiconductor test		4,014		8,753		10,296		16,859
Video imaging		1,685		2,434		3,804		5,082
Flying probe and in-circuit testers		1,031		1,417		3,775		2,576
Alfamation products		9,719		-		11,098		-
Service/other		3,471		1,910		6,117		6,273
	$	33,991	$	32,558	$	63,815	$	64,477
Revenue by market:
Semiconductor	$	10,124	$	18,833	$	25,091	$	36,516
Industrial		3,415		2,806		7,602		5,943
Automotive (including Electric Vehicles)		10,735		1,542		14,693		4,139
Life Sciences		2,194		1,135		2,847		2,648
Defense/aerospace		3,682		3,890		6,921		6,729
Security		792		936		1,333		1,902
Other		3,049		3,416		5,328		6,600
	$	33,991	$	32,558	$	63,815	$	64,477

During the second quarter of 2024, we recognized $1,385 of revenue for systems sold to one of our customers which remained at our location as of June 30, 2024 under the terms of a bill-and-hold arrangement with this customer. The customer informed us that they did not have space for these systems and requested that we invoice them on the originally agreed upon delivery date but hold them at our location until they have sufficient space to accept delivery. Under our agreement with this customer they will provide a shipment date that is not more than 90 days from the date of invoicing. As of the date we invoiced our customer, the systems were packaged and ready for physical transfer to our customer as soon as we receive direction from our customer to do so. These systems cannot be used to fulfill any other customer’s order. Control of the systems transferred to our customer on the date we invoiced them. We have no remaining performance obligations other than the obligation to store these systems until shipment, which we have determined to be a de-minimis performance obligation.