Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.24.2.u1
Revenue Recognition (Tables)
6 Months Ended
Sep. 30, 2023
Revenue Recognition  
Schedule of disaggregated revenue by business group

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30,

​

Six Months Ended September 30,

​

    

2023

    

2022

    

2023

    

2022

Microturbine Products

​

$

14,468

​

$

9,344

​

$

27,475

​

$

18,748

Accessories

​

​

624

​

​

250

​

​

824

​

​

644

Total Product and Accessories

​

​

15,092

​

​

9,594

​

​

28,299

​

​

19,392

Parts and Service

​

​

9,637

​

​

8,765

​

​

17,303

​

​

16,440

Rentals

​

 

3,639

​

 

1,765

​

 

6,669

​

 

3,057

Total Revenue

​

$

28,368

​

$

20,124

​

$

52,271

​

$

38,889

Summary of disaggregated revenue by geography based on the primary operating location of the Company's customers

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30,

​

Six Months Ended September 30,

​

    

2023

    

2022

    

2023

    

2022

Microturbine Products

​

$

14,468

​

$

9,344

​

$

27,475

​

$

18,748

Accessories

​

​

624

​

​

250

​

​

824

​

​

644

Total Product and Accessories

​

​

15,092

​

​

9,594

​

​

28,299

​

​

19,392

Parts and Service

​

​

9,637

​

​

8,765

​

​

17,303

​

​

16,440

Rentals

​

 

3,639

​

 

1,765

​

 

6,669

​

 

3,057

Total Revenue

​

$

28,368

​

$

20,124

​

$

52,271

​

$

38,889

Schedule of changes in deferred revenue

Changes in deferred revenue consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

September 30, 2023

​

March 31, 2023

​

​

​

​

​

​

​

Opening balance, beginning of the year

​

$

24,189

​

$

15,816

Closing balance, end of the period

​

$

15,676

​

$

24,189

Revenue recognized in the period from:

​

 

​

​

 

​

Amounts included in deferred revenue at the beginning of the period

​

$

10,400

​

$

13,026