Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.22.2
Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2022
Revenue Recognition  
Schedule of disaggregated revenue by business group

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

​

​

​

​

​

​

​

​

​

Year Ended March 31,

​

    

2022

    

2021

Microturbine Products

​

$

35,879

​

$

34,121

Accessories

​

​

1,302

​

​

2,396

Total Product and Accessories

​

​

37,181

​

​

36,517

Parts and Service

​

 

32,464

​

 

31,119

Total Revenue

​

$

69,645

​

$

67,636

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

Following is the geographic revenue information based on the primary operating location of the Company’s customers (in thousands):

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​

​

​

​

​

​

​

​

Year Ended March 31,

​

    

2022

    

2021

United States

​

$

34,116

​

$

32,502

Mexico

​

 

3,862

​

 

3,931

All other North America

​

 

620

​

 

321

Total North America

​

 

38,598

​

 

36,754

Russia

​

 

3,335

​

 

3,577

All other Europe

​

​

11,494

​

​

13,659

Total Europe

​

​

14,829

​

​

17,236

Asia

​

 

3,774

​

 

6,087

Australia

​

 

4,197

​

 

3,165

All other

​

 

8,247

​

 

4,394

Total Revenue

​

$

69,645

​

$

67,636

Schedule of changes in deferred revenue Changes in deferred revenue during the year ended March 31, 2022 and 2021 are as follows (in thousands):

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​

​

​

​

​

​

​

​

FPP Balance, beginning of the period

​

$

4,765

​

$

5,342

​

FPP Billings

​

 

17,562

​

 

16,700

​

FPP Revenue recognized

​

 

(17,783)

​

 

(17,277)

​

Balance attributed to FPP contracts

​

 

4,544

​

 

4,765

​

DSS Program

​

​

2,696

​

​

1,417

​

Deposits

​

 

2,926

​

 

957

​

Deferred revenue balance, end of the period

​

$

10,166

​

$

7,139

​