REVENUE

6 Months Ended

Jun. 30, 2024

REVENUE [Abstract]

REVENUE

9. REVENUE

We account for revenue in accordance with ASC 606, Revenue from Contracts with Customers. We primarily generate revenue through three distinct revenue streams: (1) System Design and Build (“SDB”), (2) Software and (3) Training and Consulting Services across our Engineering and Workforce Solutions segments. We recognize revenue from SDB and software contracts mainly through our Engineering segment. We recognize training and consulting service contracts through both segments.

Table 9.1: Revenue by Segment and Type
	For the Three Months Ended				For the Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(in thousands)
Engineering
System Design and Build	$	2,011	$	2,139	$	4,138	$	3,609
Over time		2,011		2,139		4,138		3,609
Software and Support		1,180		1,100		2,046		2,289
Point in time		159		55		164		368
Over time		1,021		1,045		1,882		1,921
Training and Consulting Services		6,140		5,805		11,876		10,088
Point in time		19		101		101		297
Over time		6,121		5,704		11,775		9,791
Workforce Solutions
Training and Consulting Services		2,394		3,343		4,948		7,274
Point in time		118		90		211		209
Over time		2,276		3,253		4,737		7,065
Total revenue	$	11,725	$	12,387	$	23,008	$	23,260

Table 9.2: Revenue Recognized that was Previously Included in Contract Liabilities
	For the Three Months Ended				For the Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(in thousands)
Revenue recognized in the period from amounts included in billings in excess of revenue earned at the beginning of the period	$	1,709	$	1,255	$	2,688	$	3,105