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Revenues
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
All revenues were generated within the United States of America.

The table below presents total revenues by contract type for the following periods:
SuccessorPredecessor
Year Ended
December 31, 2022
Year Ended
December 31, 2021
Period from
May 22, 2020 through
December 31, 2020
Period from January 1, 2020 through
October 22, 2020
Time and materials$102,255 $98,763 $24,613 $57,549 
Firm fixed price
35,939 41,231 6,938 2,216 
Cost-reimbursable
16,817 5,584 — 
Total revenues
$155,011 $145,578 $31,552 $59,765 

The majority of the Company’s revenue is recognized over time. Revenue derived from contracts that recognize revenue at a point in time was insignificant for all periods presented.
Concentration of Risk

Revenue earned from customers contributing in excess of 10% of total revenues are presented in the tables below for the following periods:
Successor 2022 Period
Year Ended December 31, 2022
Cyber &
Engineering
AnalyticsTotalPercent of total
revenues
Customer A
$29,087 $— $29,087 19 %
Customer B
17,426 — 17,426 11 %
Customer C
— 29,413 29,413 19 %
Customer D(1)
— 3,115 3,115 %
Customer E(1)
— — — — %
All others
24,601 51,369 75,970 49 %
Total revenues
$71,114 $83,897 $155,011 100 %

Successor 2021 Period
Year Ended December 31, 2021
Cyber &
Engineering
AnalyticsTotalPercent of total
revenues
Customer A
$31,732 $31,732 22 %
Customer B
15,032 — 15,032 10 %
Customer C(1)
— 10,804 10,804 %
Customer D(1)
— 11,538 11,538 %
Customer E(1)
— 8,835 8,835 %
All others
28,115 39,522 67,637 47 %
Total revenues
$74,879 $70,699 $145,578 100 %

Successor 2020 Period
Period from May 22, 2020 through December 31, 2020
Cyber &
Engineering
AnalyticsTotalPercent of total
revenues
Customer A
$8,075 $— $8,075 26 %
Customer B
3,495 — 3,495 11 %
Customer C(1)
— — — — %
Customer D
— 5,498 5,498 17 %
Customer E
— 5,494 5,494 17 %
All others
4,014 4,976 8,990 29 %
Total revenues
$15,584 $15,968 $31,552 100 %

Predecessor 2020 Period
Period from January 1, 2020 through
October 22, 2020
Total(2)
Percent of total
revenues
Customer A
$26,049 44 %
Customer B
12,282 21 %
All others
21,434 35 %
Total revenues
$59,765 100 %
(1) Customers that contributed in excess of 10% of consolidated revenues in any period presented have been included in all periods presented for comparability.
(2) The Predecessor 2020 Period comprises a single reportable segment. As a result, segment reporting for those periods is not presented.

Contract Balances

The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods:
December 31,
2022
December 31,
2021
Contract assets$1,312 $628 
Contract liabilities
$2,022 $4,207 

The change in contract assets between December 31, 2021 and December 31, 2022 was primarily driven by services rendered for Analytics customers that are yet to be invoiced. The change in contract liability balances between December 31, 2021 and December 31, 2022 was primarily driven by services performed for an Analytics customer that had a large contract liability balance at December 31, 2021. Revenue recognized in the year ended December 31, 2022 that was included in the contract liability balance as of December 31, 2021 was $4,207.

When the Company’s estimate of total costs to be incurred to satisfy a performance obligation exceeds the expected revenue, the Company recognizes the loss immediately. When the Company determines that a change in estimate has an impact on the associated profit of a performance obligation, the Company records the cumulative positive or negative adjustment in the consolidated statements of operations. Changes in estimates and assumptions related to the status of certain long-term contracts may have a material effect on the Company’s operating results.

The following table summarizes the impact of the net estimates at completion (“EAC”) adjustments on the Company’s operating results:
SuccessorPredecessor
Year Ended
December 31, 2022
Year Ended
December 31, 2021
Period from
May 22, 2020 through
December 31, 2020
Period from January 1, 2020 through
October 22, 2020
Net EAC Adjustments, before income taxes$1,598 $1,650 $— $— 
Net EAC Adjustments, net of income taxes$1,262 $1,304 $— $— 
Net EAC Adjustments, net of income taxes, per diluted share$0.01 $0.01 $— $— 

Remaining Performance Obligations

The Company includes in its computation of remaining performance obligations customer orders for which it has accepted signed sales orders and generally includes the funded and unfunded components of contracts that have been awarded. As of December 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $75 million. The Company expects to recognize approximately 97% of its remaining performance obligations as revenue within the next 12 months and the balance thereafter.