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Revenues (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Net Revenues Based On Geography Location

The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands):

 

 

Three Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

24,943

 

 

$

22,579

 

 

$

47,522

 

Europe

 

 

7,906

 

 

 

3,044

 

 

 

10,950

 

Asia Pacific

 

 

10,777

 

 

 

23,433

 

 

 

34,210

 

All other

 

 

138

 

 

 

346

 

 

 

484

 

 

$

43,764

 

 

$

49,402

 

 

$

93,166

 

 

 

Nine Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

71,348

 

 

$

72,996

 

 

$

144,344

 

Europe

 

 

21,322

 

 

 

10,474

 

 

 

31,796

 

Asia Pacific

 

 

30,265

 

 

 

55,087

 

 

 

85,352

 

All other

 

 

907

 

 

 

493

 

 

 

1,400

 

 

$

123,842

 

 

$

139,050

 

 

$

262,892

 

 

 

Three Months Ended September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

21,279

 

 

$

18,889

 

 

$

40,168

 

Europe

 

 

10,392

 

 

 

5,808

 

 

 

16,200

 

Asia Pacific

 

 

17,024

 

 

 

33,623

 

 

 

50,647

 

All other

 

 

737

 

 

 

92

 

 

 

829

 

 

$

49,432

 

 

$

58,412

 

 

$

107,844

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

60,764

 

 

$

48,426

 

 

$

109,190

 

Europe

 

 

24,893

 

 

 

15,869

 

 

 

40,762

 

Asia Pacific

 

 

46,998

 

 

 

112,686

 

 

 

159,684

 

All other

 

 

2,536

 

 

 

235

 

 

 

2,771

 

 

$

135,191

 

 

$

177,216

 

 

$

312,407

 

Summary of Net Revenues Disaggregated by Geography

The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):

 

 

Three Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

25,854

 

 

$

29,405

 

 

$

55,259

 

Stocking distributors, net of sales allowances

 

 

17,724

 

 

 

6,367

 

 

 

24,091

 

Non-recurring engineering

 

 

186

 

 

 

(100

)

 

 

86

 

Royalties

 

 

 

 

 

13,370

 

 

 

13,370

 

Other

 

 

 

 

 

360

 

 

 

360

 

 

$

43,764

 

 

$

49,402

 

 

$

93,166

 

 

 

 

Nine Months Ended September 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

66,902

 

 

$

78,758

 

 

$

145,660

 

Stocking distributors, net of sales allowances

 

 

56,289

 

 

 

24,368

 

 

 

80,657

 

Non-recurring engineering

 

 

651

 

 

 

4,023

 

 

 

4,674

 

Royalties

 

 

 

 

 

30,821

 

 

 

30,821

 

Other

 

 

 

 

 

1,080

 

 

 

1,080

 

 

$

123,842

 

 

$

139,050

 

 

$

262,892

 

 

 

Three Months Ended September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

27,748

 

 

$

37,384

 

 

$

65,132

 

Stocking distributors, net of sales allowances

 

 

21,461

 

 

 

9,673

 

 

 

31,134

 

Non-recurring engineering

 

 

223

 

 

 

6,726

 

 

 

6,949

 

Royalties

 

 

 

 

 

4,269

 

 

 

4,269

 

Other

 

 

 

 

 

360

 

 

 

360

 

 

$

49,432

 

 

$

58,412

 

 

$

107,844

 

 

 

Nine Months Ended September 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

82,669

 

 

$

134,953

 

 

$

217,622

 

Stocking distributors, net of sales allowances

 

 

51,536

 

 

 

21,070

 

 

 

72,606

 

Non-recurring engineering

 

 

986

 

 

 

11,650

 

 

 

12,636

 

Royalties

 

 

 

 

 

8,745

 

 

 

8,745

 

Other

 

 

 

 

 

798

 

 

 

798

 

 

$

135,191

 

 

$

177,216

 

 

$

312,407

 

 

 

 

 

Summary of Changes in Contract Liabilities

The following table presents the changes in certain contract liabilities (in thousands):

 

 

September 30, 2024

 

 

December 31, 2023

 

 

Change

 

Short-term deferred revenue and customer prepayments

 

$

(4,198

)

 

$

(3,157

)

 

$

(1,041

)

Long-term deferred revenue

 

 

 

 

 

(1,020

)

 

 

1,020

 

Sales allowances

 

 

(2,640

)

 

 

(3,482

)

 

 

842