Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.21.2
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2021
Revenue Recognition  
Schedule of disaggregated revenue by business group

The following table presents disaggregated revenue by business group (in thousands):

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30,

​

    

2021

    

2020

Microturbine Products

​

$

8,312

​

$

6,126

Accessories

​

​

77

​

​

480

Total Product and Accessories

​

​

8,389

​

​

6,606

Parts and Service

​

 

7,693

​

 

7,587

Total Revenue

​

$

16,082

​

$

14,193

Summary of geographic revenue information based on primary operation location of customer

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30,

​

    

2021

    

2020

Microturbine Products

​

$

8,312

​

$

6,126

Accessories

​

​

77

​

​

480

Total Product and Accessories

​

​

8,389

​

​

6,606

Parts and Service

​

 

7,693

​

 

7,587

Total Revenue

​

$

16,082

​

$

14,193

The following table presents disaggregated revenue by geography based on the primary operating location of the Company’s customers (in thousands):

​

​

​

​

​

​

​

​

​

Three Months Ended June 30,

​

    

2021

    

2020

United States

​

$

7,343

​

$

7,924

Mexico

​

 

441

​

 

1,033

All other North America

​

 

39

​

 

50

Total North America

​

 

7,823

​

 

9,007

Russia

​

 

1,257

​

 

467

All other Europe

​

​

2,785

​

​

2,625

Total Europe

​

​

4,042

​

​

3,092

Asia

​

 

364

​

 

944

Australia

​

 

1,411

​

 

637

All other

​

 

2,442

​

 

513

Total Revenue

​

$

16,082

​

$

14,193

Schedule of changes in deferred revenue Changes in deferred revenue are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

 

​

​

June 30,

​

March 31,

​

​

​

2021

​

2021

​

FPP Balance, beginning of the period

​

$

4,765

​

$

4,864

​

FPP Billings

​

 

4,092

​

 

4,172

​

FPP Revenue recognized

​

 

(4,359)

​

 

(4,271)

​

Balance attributed to FPP contracts

​

 

4,498

​

 

4,765

​

DSS Program

​

​

973

​

​

1,417

​

Deposits

​

 

1,263

​

 

957

​

Deferred revenue balance, end of the period

​

$

6,734

​

$

7,139

​