REVENUE (Tables)

3 Months Ended

Jun. 30, 2025

REVENUE

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

Revenue by market	Defense		Industrial		Totals
Three months ended June 30, 2025	$	7,379	$	—	$	7,379
Three months ended June 30, 2024	$	7,800	$	186	$	7,986

Revenue by contract type	Over-time		Point-in-time		Totals
Three months ended June 30, 2025	$	6,685	$	694	$	7,379
Three months ended June 30, 2024	$	7,492	$	494	$	7,986

Schedule of total revenue generated by the individual customers

(dollars in thousands)	2025				2024
Revenue	Amount		Percent		Amount		Percent
Ranor	$	3,202	43	%	$	3,888	45	%
Stadco	$	2,070	28	%	$	2,664	26	%

Schedule of contract assets and contract liabilities

			Progress
Contract assets	Unbilled		Payments		Total
June 30, 2025	$	26,760	$	(17,683)	$	9,077
March 31, 2025	$	26,059	$	(16,472)	$	9,587

	Opening				Obligations		Closing
Contract liabilities	Balance		Billed		Satisfied		Balance
June 30, 2025	$	1,040	$	20,669	$	(19,747)	$	1,962
March 31, 2025	$	2,104	$	18,720	$	(19,784)	$	1,040

Sales

REVENUE

Schedule of revenue from customers who accounted for more than 10%

	2025				2024
Customer	Amount		Percent		Amount		Percent
Customer A	$	1,126	15	%	$	1,762	22	%
Customer B	$	*	*	%	$	992	13	%
Customer C	$	1,845	25	%	$	1,075	14	%
Customer D	$	*	*	%	$	*	*	%
Customer E	$	1,590	21	%	$	1,844	23	%
Customer F	$	711	10	%	$	879	11	%

*Less than 10% of total