REVENUE (Tables)

9 Months Ended

Dec. 31, 2025

REVENUE

Schedule of revenue on a disaggregated basis by market and contract type

Revenue by market	Defense		Industrial		Totals
Three months ended December 31, 2025	$	6,684	$	410	$	7,094
Three months ended December 31, 2024	$	7,440	$	182	$	7,622
Nine months ended December 31, 2025	$	23,138	$	421	$	23,559
Nine months ended December 31, 2024	$	24,324	$	230	$	24,554

Revenue by contract type	Over-time		Point-in-time		Totals
Three months ended December 31, 2025	$	6,422	$	672	$	7,094
Three months ended December 31, 2024	$	7,297	$	325	$	7,622
Nine months ended December 31, 2025	$	21,766	$	1,793	$	23,559
Nine months ended December 31, 2024	$	23,158	$	1,396	$	24,554

Schedule of total revenue generated by the individual customers

	Three months ended				Three months ended				Nine months ended				Nine months ended
	December 31, 2025				December 31, 2024				December 31, 2025				December 31, 2024
Segment	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Ranor	$	2,853	40	%	$	3,857	51	%	$	5,933	25	%	$	12,138	50	%
Stadco	$	1,745	25	%	$	2,437	32	%	$	6,525	28	%	$	7,913	32	%

Schedule of contract assets and contract liabilities

			Progress
Contract assets	Unbilled		Payments		Total
December 31, 2025	$	25,779	$	(14,359)	$	11,420
March 31, 2025	$	26,059	$	(16,472)	$	9,587

	Opening				Obligations		Closing
Contract liabilities	Balance		Billed		Satisfied		Balance
December 31, 2025	$	1,040	$	19,552	$	(17,446)	$	3,146
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				Nine months ended				Nine months ended
	December 31, 2025				December 31, 2024				December 31, 2025				December 31, 2024
Customer	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
A	$	*	*	%	$	1,109	15	%	$	2,319	10	%	$	4,465	18	%
B	$	993	14	%	$	794	10	%	$	*	*	%	$	2,684	11	%
C	$	796	11	%	$	1,107	15	%	$	3,574	15	%	$	3,388	14	%
D	$	830	12	%	$	*	*	%	$	2,500	11	%	$	*	*	%
E	$	915	13	%	$	1,611	21	%	$	4,065	17	%	$	4,849	20	%
F	$	*	*	%	$	1,673	22	%	$	*	*	%	$	4,665	19	%
G	$	1,064	15	%	$	*	*	%	$	*	*	%	$	*	*	%

*Less than 10% of total