REVENUE (Tables)

9 Months Ended

Feb. 28, 2023

REVENUE

Disaggregation of revenue

The Company’s net sales by product category are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	February 28,				February 28,
	2023		2022		2023		2022
Type of good / service:
Systems	$	9,821	$	7,172	$	26,315	$	14,805
Contactors		6,299		7,426		13,400		13,468
Services		1,086		685		2,977		2,267
	$	17,206	$	15,283	$	42,692	$	30,540
Product lines:
Wafer-level	$	16,810	$	14,879	$	41,532	$	29,130
Test During Burn-In		396		404		1,160		1,410
	$	17,206	$	15,283	$	42,692	$	30,540

 The following presents information about the Company’s net sales in different geographic areas. Net sales are based upon ship-to location (in thousands):

	Three Months Ended				Nine Months Ended
	February 28,				February 28,
	2023		2022		2023		2022
Geographic region:
United States	$	2,343	$	1,057	$	7,761	$	2,458
Asia		14,849		14,213		34,873		28,066
Europe		14		13		58		16
	$	17,206	$	15,283	$	42,692	$	30,540

 With the exception of the amount of service contracts and extended warranties, the Company’s product net sales are recognized at a point in time when control transfers to the customer. The following presents net sales based on timing of recognition (in thousands):

	Three Months Ended				Nine Months Ended
	February 28,				February 28,
	2023		2022		2023		2022
Timing of revenue recognition:
Products and services transferred at a point in time	$	16,863	$	14,932	$	41,523	$	29,492
Services transferred over time		343		351		1,169		1,048
	$	17,206	$	15,283	$	42,692	$	30,540