Revenues

9 Months Ended

Sep. 30, 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:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Time and materials	$	26,728	$	22,879	$	77,385	$	79,840
Firm fixed price	9,812		17,340		24,764		32,260
Cost-plus	4,111		—		12,505		—
Total revenues	$	40,651	$	40,219	$	114,654	$	112,100

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:

	Three Months Ended September 30, 2022
	Cyber & Engineering		Analytics		Total		Percent of total revenues
Customer A	$	7,559	$	—	$	7,559	19	%
Customer B	4,391		—		4,391		11	%
Customer C	—		7,878		7,878		19	%
All others	6,001		14,822		20,823		51	%
Total revenues	$	17,951	$	22,700	$	40,651	100	%

	Three Months Ended September 30, 2021
	Cyber & Engineering		Analytics		Total		Percent of total revenues
Customer A	$	7,994	$	—	$	7,994	20	%
Customer B	3,783		—		3,783		9	%
Customer C	—		6,010		6,010		15	%
All others	7,452		14,980		22,432		56	%
Total revenues	$	19,229	$	20,990	$	40,219	100	%

	Nine Months Ended September 30, 2022
	Cyber & Engineering		Analytics		Total		Percent of total revenues
Customer A	$	22,149	$	—	$	22,149	19	%
Customer B	13,293		—		13,293		12	%
Customer C(1)	—		20,806		20,806		18	%
All others	18,460		39,946		58,406		51	%
Total revenues	$	53,902	$	60,752	$	114,654	100	%

	Nine Months Ended September 30, 2021
	Cyber & Engineering		Analytics		Total		Percent of total revenues
Customer A	$	24,503	$	—	$	24,503	22	%
Customer B	11,202		—		11,202		10	%
Customer C(1)	—		6,010		6,010		5	%
All others	22,334		48,051		70,385		63	%
Total revenues	$	58,039	$	54,061	$	112,100	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.

Contract Balances

The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods:

	September 30, 2022		December 31, 2021
Contract assets	$	1,323	$	628
Contract liabilities	$	4,758	$	4,207

The change in contract assets between December 31, 2021 and September 30, 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 September 30, 2022 was primarily driven by payments received in advance of services rendered for Analytics customers. Revenue recognized in the nine months ended September 30, 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:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net EAC Adjustments, before income taxes	$	1,799	$	1,457	$	1,165	$	1,681
Net EAC Adjustments, net of income taxes	$	1,421	$	1,151	$	920	$	1,328
Net EAC Adjustments, net of income taxes, per diluted share	$	0.01	$	0.01	$	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 September 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $113 million. The Company expects to recognize approximately 98% of its remaining performance obligations as revenue within the next 12 months and the balance thereafter.