SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 2025

SEGMENT INFORMATION

Summary of financial information for segments

	Three months ended December 31, 2025						Three months ended December 31, 2024
	Ranor		Stadco		Total		Ranor		Stadco		Total
Revenue	$	4,362	$	2,984	$	7,346	$	4,310	$	3,312	$	7,622
Intersegment elimination		—		(252)		(252)		—		—		—
Revenue, net	$	4,362	$	2,732	$	7,094	$	4,310	$	3,312	$	7,622
Cost of revenue		2,815		3,898		6,713		2,798		3,833		6,631
Selling, general, and administrative (1)(3)		634		679		1,313		730		907		1,637
Income (loss) from operations		913		(1,845)		(932)		782		(1,428)		(646)
Reconciliation of profit or loss:
Unallocated items:
Corporate general costs (2)						(420)						(50)
Consolidated operating loss						(1,352)						(696)
Other income (expense), net						—						44
Interest expense						(121)						(147)
Consolidated loss before income taxes					$	(1,473)					$	(799)
Depreciation and amortization	$	261	$	433	$	694	$	258	$	444	$	702
Capital expenditures	$	1,010	$	—	$	1,010	$	1,105	$	69	$	1,174

	Nine months ended December 31, 2025						Nine months ended December 31, 2024
	Ranor		Stadco		Total		Ranor		Stadco		Total
Revenue	$	13,032	$	11,135	$	24,167	$	13,482	$	11,139	$	24,621
Intersegment elimination		(55)		(553)		(608)		—		(67)		(67)
Revenue, net	$	12,977	$	10,582	$	23,559	$	13,482	$	11,072	$	24,554
Cost of revenue		7,729		11,961		19,690		9,148		13,162		22,310
Selling, general, and administrative (1)(3)		1,938		2,172		4,110		1,838		2,387		4,225
Income (loss) from operations		3,310		(3,551)		(241)		2,496		(4,477)		(1,981)
Reconciliation of profit or loss:
Unallocated items:
Corporate general costs (2)						(632)						(125)
Costs related to terminated acquisition						—						(419)
Consolidated operating loss						(873)						(2,525)
Other income (expense), net						2						57
Interest expense						(374)						(392)
Consolidated loss before income taxes					$	(1,245)					$	(2,860)
Depreciation and amortization	$	785	$	1,313	$	2,098	$	781	$	1,312	$	2,093
Capital expenditures	$	3,255	$	—	$	3,255	$	2,727	$	69	$	2,796

(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.