REVENUES (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Reconciliation of Disaggregation of Revenue

The following table provides information about revenue by recognition model during the three and six months ended June 30, 2024 and 2023:

	Three Months Ended June 30,				Six Months Ended June 30,
Revenues by recognition model	2024		2023		2024		2023
Point-in-time	$	45,853	$	35,670	$	89,962	$	64,332
Over-time		60,398		26,375		109,056		52,608
Total revenue by recognition model	$	106,251	$	62,045	$	199,018	$	116,940

Balances Related to Enforceable Contracts

The following table presents the balances related to enforceable contracts as of June 30, 2024 and December 31, 2023:

	June 30, 2024			December 31, 2023
Contract balances
Accounts receivable, net	$	50,476		$	35,176
Contract assets		18,744			12,951
Contract liabilities		(184,042	)		(139,338	)

Changes in Contract Liabilities

Changes in contract liabilities for the three months ended June 30, 2024 were as follows:

Contract liabilities, at March 31, 2024	$	150,535
Customer advances received or billed		66,613
Recognition of unearned revenue		(33,106	)
Contract liabilities, at June 30, 2024	$	184,042

Changes in contract liabilities for the six months ended June 30, 2024 were as follows:

Contract liabilities, at December 31, 2023	$	139,338
Customer advances received or billed		134,983
Recognition of unearned revenue		(90,279	)
Contract liabilities, at June 30, 2024	$	184,042

Schedule of Concentration of Credit Risk and Significant Customers

As of June 30, 2024, the Company’s customers that accounted for 10% or more of the total accounts receivable, net, were:

	June 30, 2024
MDA Corporation		26	%
Synspective, Inc.		12	%

For the six months ended June 30, 2024, the Company’s customers that accounted for 10% or more of the total revenue, were as follows:

	Six Months Ended June 30, 2024
MDA Corporation		26	%