Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.24.3
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2024
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,

​

    

2024

    

2023

Microturbine Products

​

$

5,262

​

$

13,007

Accessories

​

​

99

​

​

200

Total Product and Accessories

​

​

5,361

​

​

13,207

​

​

​

​

​

​

​

Parts and Services

​

​

7,899

​

​

7,666

Rentals

​

 

2,383

​

 

3,030

Total Revenue

​

$

15,643

​

$

23,903

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

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30,

​

    

2024

    

2023

Microturbine Products

​

$

5,262

​

$

13,007

Accessories

​

​

99

​

​

200

Total Product and Accessories

​

​

5,361

​

​

13,207

​

​

​

​

​

​

​

Parts and Services

​

​

7,899

​

​

7,666

Rentals

​

 

2,383

​

 

3,030

Total Revenue

​

$

15,643

​

$

23,903

Schedule of changes in deferred revenue

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

​

​

​

​

​

​

​

​

   

June 30,

   

March 31,

​

​

2024

​

2024

​

​

​

​

​

​

​

Opening balance, beginning of the year

​

$

11,858

​

$

24,189

Closing balance, end of the period

​

$

12,484

​

$

11,858

Revenue recognized in the period from:

​

 

​

​

​

​

Amounts included in deferred revenue at the beginning of the period

​

$

3,597

​

$

16,527