REVENUE (Tables)
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6 Months Ended |
Sep. 30, 2025 |
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| REVENUE |
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| Schedule of revenue on a disaggregated basis by market and contract type |
| | | | | | | | | | Revenue by market | | Defense | | Industrial | | Totals | Three months ended September 30, 2025 | | $ | 9,075 | | $ | 11 | | $ | 9,086 | Three months ended September 30, 2024 | | $ | 8,919 | | $ | 27 | | $ | 8,946 | Six months ended September 30, 2025 | | $ | 16,454 | | $ | 11 | | $ | 16,465 | Six months ended September 30, 2024 | | $ | 16,861 | | $ | 71 | | $ | 16,932 |
| | | | | | | | | | Revenue by contract type | | Over-time | | Point-in-time | | Totals | Three months ended September 30, 2025 | | $ | 8,659 | | $ | 427 | | $ | 9,086 | Three months ended September 30, 2024 | | $ | 8,532 | | $ | 414 | | $ | 8,946 | Six months ended September 30, 2025 | | $ | 15,344 | | $ | 1,121 | | $ | 16,465 | Six months ended September 30, 2024 | | $ | 15,861 | | $ | 1,071 | | $ | 16,932 |
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| Schedule of total revenue generated by the individual customers |
| | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Three months ended | | Six months ended | | Six months ended | | | | September 30, 2025 | | September 30, 2024 | | September 30, 2025 | | September 30, 2024 | | Segment | | Amount | | Percent | | Amount | | Percent | | Amount | | Percent | | Amount | | Percent | | Ranor | | $ | 1,838 | | 20 | % | $ | 4,393 | | 49 | % | $ | 4,578 | | 28 | % | $ | 8,281 | | 49 | % | Stadco | | $ | 2,826 | | 31 | % | $ | 3,861 | | 43 | % | $ | 4,810 | | 29 | % | $ | 5,585 | | 33 | % |
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| Schedule of contract assets and contract liabilities |
| | | | | | | | | | | | | | | Progress | | | | Contract assets | | Unbilled | | Payments | | Total | September 30, 2025 | | $ | 24,274 | | $ | (14,142) | | $ | 10,132 | March 31, 2025 | | $ | 26,059 | | $ | (16,472) | | $ | 9,587 |
| | | | | | | | | | | | | | | Opening | | | | Obligations | | Closing | Contract liabilities | | Balance | | Billed | | Satisfied | | Balance | September 30, 2025 | | $ | 1,040 | | $ | 16,531 | | $ | (16,129) | | $ | 1,442 | March 31, 2025 | | $ | 2,104 | | $ | 18,720 | | $ | (19,784) | | $ | 1,040 |
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| Sales |
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| REVENUE |
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| Schedule of revenue from customers who accounted for more than 10% |
| | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Three months ended | | Six months ended | | Six months ended | | | | September 30, 2025 | | September 30, 2024 | | September 30, 2025 | | September 30, 2024 | | Customer | | Amount | | Percent | | Amount | | Percent | | Amount | | Percent | | Amount | | Percent | | A | | $ | * | | * | % | $ | 1,601 | | 18 | % | $ | 1,790 | | 11 | % | $ | 3,362 | | 20 | % | B | | $ | 905 | | 10 | % | $ | 898 | | 10 | % | $ | * | | * | % | $ | 1,890 | | 11 | % | C | | $ | 933 | | 10 | % | $ | 1,206 | | 13 | % | $ | 2,778 | | 17 | % | $ | 2,281 | | 14 | % | D | | $ | 1,265 | | 14 | % | $ | 1,041 | | 12 | % | $ | 1,670 | | 10 | % | $ | * | | * | % | E | | $ | 1,561 | | 17 | % | $ | 1,395 | | 16 | % | $ | 3,151 | | 19 | % | $ | 3,341 | | 19 | % | F | | $ | * | | * | % | $ | 2,113 | | 23 | % | $ | * | | * | % | $ | 2,992 | | 18 | % |
*Less than 10% of total
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