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CONCENTRATION OF CREDIT RISK, SIGNIFICANT CUSTOMERS AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Dec. 31, 2024
Risks and Uncertainties [Abstract]  
Schedule of Total Accounts Receivable Net
As of December 31, 2024 and 2023, the Company’s customers that accounted for 10% or more of the total accounts receivable, net, were as follows:
December 31,
20242023
Lockheed Martin Corporation15 %*
Dynetics Inc.15 %*
MDA Corporation*21 %
Northrop Grumman Space Systems*20 %
*Accounts receivable, net was less than 10%
Schedules of Total Revenue
For the years ended December 31, 2024, 2023 and 2022, the Company’s customers that accounted for 10% or more of the total revenue were as follows:
December 31,
202420232022
MDA Corporation23 %13 %*
Government Customer11 %**
Northrop Grumman Space Systems*13 %*
*Revenue was less than 10%
Schedule of Consolidated Net Revenue by Geographic Area
The Company’s consolidated revenues by geographic area based on customer billing location are as follows for the years ended December 31, 2024, 2023 and 2022:
Years Ended December 31,
202420232022
Amount% of Total
Revenues
Amount% of Total
Revenues
Amount% of Total
Revenues
United States$268,326 61 %$184,748 76 %$164,593 78 %
Canada104,388 24 %36,116 15 %4,562 %
Japan30,684 %10,457 %15,306 %
Rest of world32,816 %13,271 %26,535 13 %
Total$436,214 100 %$244,592 100 %$210,996 100 %
Schedule of Long-lived Assets by Geographic Area
Long-lived assets, which consists of property, plant and equipment, net, leased right-of-use assets, intangible assets, net and goodwill, by geographic area are as follows as of December 31, 2024 and 2023:
December 31,
20242023
Amount% of Long-
Lived Assets
Amount% of Long-
Lived Assets
United States$346,383 88 %$308,718 86 %
New Zealand42,090 11 %45,575 13 %
Canada4,082 %4,618 %
Total$392,555 100 %$358,911 100 %