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Revenue (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]    
Disaggregation of Revenue
The table below presents revenues by customer grouping for the following periods:
Three Months Ended
March 31, 2022March 31, 2021
Civil space
$16,164 $16,023 
National security
7,578 8,288 
Commercial and other
9,125 7,387 
Total revenues
$32,867 $31,698 
The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
Three Months Ended
March 31, 2022March 31, 2021
U.S.
$31,351 $30,911 
Luxembourg
1,230 715 
South Korea
140 61 
Germany
104 11 
Other42 — 
Total revenues
$32,867 $31,698 
The majority of the Company’s revenues are derived from government contracts. Customers comprising 10% or more of revenues were as follows for the periods presented:
Three Months Ended
March 31, 2022March 31, 2021
NASA$8,439 $10,937 
Boeing5,463 4,031 
Air Force Research Laboratory(1)
— 3,344 
Total$13,902 $18,312 
______________
(1)While revenue was generated in each of the periods presented, amounts are only disclosed for the periods in which revenue represented 10% or more of total revenue.
The table below presents revenues by customer grouping for the following periods:
SuccessorPredecessor
Year Ended December 31, 2021Period from February 10, 2020 to December 31, 2020Period from January 1, 2020 to June 21, 2020
Civil space
$60,052 $23,571 $15,844 
National security
29,833 7,034 684 
Commercial and other
47,716 10,180 123 
Total revenues
$137,601 $40,785 $16,651 
The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
SuccessorPredecessor
Year Ended December 31, 2021Period from February 10, 2020 to December 31, 2020Period from January 1, 2020 to June 21, 2020
U.S.
$133,309 $38,774 $15,856 
Luxembourg
3,724 1,535 795 
Germany
140 46 — 
South Korea
272 147 — 
Poland
138 169 — 
Other18 114 — 
Total revenues
$137,601 $40,785 $16,651 
The majority of the Company’s revenues are derived from government contracts. Customers comprising 10% or more of revenues were as follows for the periods presented:
SuccessorPredecessor
Year Ended December 31, 2021Period from February 10, 2020 to December 31, 2020Period from January 1, 2020 to June 21, 2020
Boeing (1)
$17,753 $— $— 
NASA48,476 21,352 15,020 
Total$66,229 $21,352 $15,020 
______________
(1)While revenue was generated in each of the periods presented, amounts are only disclosed for the periods in which revenue represented 10% or more of total revenue.
Schedule of Contract Assets and Contract Liabilities
The table below presents the contract assets and contract liabilities included on the condensed consolidated balance sheets for the following periods:
March 31,
2022
December 31,
2021
Contract assets
$17,492 $11,748 
 
Contract liabilities$13,929 $15,734 
The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods:
Successor
December 31,
2021
December 31,
2020
Contract assets
$11,748 $4,172 
 
Contract liabilities$15,734 $15,665 
Schedule of Change in Accounting Estimate
The following table summarizes the impact of the net EAC adjustments for the periods presented:
Three Months Ended
March 31, 2022March 31, 2021
Net EAC adjustments, before income taxes$(1,764)$(56)
Net EAC adjustments, net of income taxes(1,511)(50)
Net EAC adjustments, net of income taxes, per diluted share(0.02)— 
The following table summarizes the impact of the net EAC adjustments for the periods presented:
Successor
Year Ended December 31, 2021Period from February 10, 2020 to December 31, 2020
Net EAC adjustments, before income taxes$(1,835)$728 
Net EAC adjustments, net of income taxes(1,551)580 
Net EAC adjustments, net of income taxes, per diluted share(0.03)0.02