| Summarized Segment Financial Information |
Summarized financial information for our segments as of March 31, 2024 and 2023, and for the three months ended March 31, 2024 and 2023, is as follows (in thousands):
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Three Months Ended March 31, 2024 |
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Services |
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Fabrication |
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Shipyard |
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Corporate |
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Consolidated |
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Revenue |
|
$ |
25,534 |
|
|
$ |
17,138 |
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|
$ |
409 |
|
|
$ |
(200 |
) |
|
$ |
42,881 |
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Gross profit |
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|
3,613 |
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|
|
2,192 |
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|
|
319 |
|
|
|
— |
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|
|
6,124 |
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Operating income (loss) |
|
|
2,867 |
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|
|
4,721 |
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|
|
342 |
|
|
|
(2,222 |
) |
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|
5,708 |
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Depreciation and amortization expense |
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|
480 |
|
|
|
635 |
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|
|
— |
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|
|
78 |
|
|
|
1,193 |
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Capital expenditures |
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|
294 |
|
|
|
2,259 |
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|
|
— |
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|
|
— |
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|
|
2,553 |
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Total assets(1) |
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|
28,228 |
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|
|
33,172 |
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|
|
541 |
|
|
|
65,817 |
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|
|
127,758 |
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Three Months Ended March 31, 2023 |
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Services |
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Fabrication |
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Shipyard |
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Corporate |
|
|
Consolidated |
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Revenue |
|
$ |
21,587 |
|
|
$ |
39,662 |
|
|
$ |
1,347 |
|
|
$ |
(428 |
) |
|
$ |
62,168 |
|
Gross profit (loss) |
|
|
2,987 |
|
|
|
2,462 |
|
|
|
(415 |
) |
|
|
— |
|
|
|
5,034 |
|
Operating income (loss) |
|
|
2,341 |
|
|
|
2,244 |
|
|
|
(2,203 |
) |
|
|
(2,054 |
) |
|
|
328 |
|
Depreciation and amortization expense |
|
|
442 |
|
|
|
822 |
|
|
|
— |
|
|
|
69 |
|
|
|
1,333 |
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Capital expenditures |
|
|
264 |
|
|
|
213 |
|
|
|
— |
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|
|
10 |
|
|
|
487 |
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Total assets(1) |
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29,404 |
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|
55,801 |
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|
14,634 |
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|
49,211 |
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|
149,050 |
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Cash and short-term investments are reported within our Corporate Division.
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