Revenue Recognition (Tables)
|
6 Months Ended |
Sep. 30, 2024 |
|---|
| Revenue Recognition |
|
| Schedule of disaggregated revenue by business group |
The following table presents disaggregated revenue by business group (in thousands):
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Three Months Ended September 30, |
|
Six Months Ended September 30, |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Microturbine Products |
|
$ |
10,885 |
|
$ |
14,468 |
|
$ |
16,147 |
|
$ |
27,475 |
Accessories |
|
|
385 |
|
|
624 |
|
|
484 |
|
|
824 |
Total Product and Accessories |
|
|
11,270 |
|
|
15,092 |
|
|
16,631 |
|
|
28,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Parts and Services |
|
|
7,923 |
|
|
9,637 |
|
|
15,822 |
|
|
17,303 |
Rentals |
|
|
3,529 |
|
|
3,639 |
|
|
5,911 |
|
|
6,669 |
Total Revenue |
|
$ |
22,722 |
|
$ |
28,368 |
|
$ |
38,364 |
|
$ |
52,271 |
|
| Schedule of disaggregated revenue by geography based on the primary operating location of the Company's customers |
The following table presents disaggregated revenue by geography based on the primary operating location of the Company’s customers (in thousands):
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Three Months Ended September 30, |
|
Six Months Ended September 30, |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
United States |
|
$ |
15,855 |
|
$ |
17,313 |
|
$ |
24,786 |
|
$ |
28,847 |
Mexico |
|
|
1,126 |
|
|
2,519 |
|
|
1,618 |
|
|
3,243 |
All other North America |
|
|
107 |
|
|
116 |
|
|
137 |
|
|
687 |
Total North America |
|
|
17,088 |
|
|
19,948 |
|
|
26,541 |
|
|
32,777 |
Total Europe |
|
|
1,527 |
|
|
4,414 |
|
|
4,951 |
|
|
11,320 |
Asia |
|
|
394 |
|
|
1,073 |
|
|
896 |
|
|
1,767 |
Australia |
|
|
215 |
|
|
331 |
|
|
1,917 |
|
|
3,329 |
All other |
|
|
3,498 |
|
|
2,602 |
|
|
4,059 |
|
|
3,078 |
Total Revenue |
|
$ |
22,722 |
|
$ |
28,368 |
|
$ |
38,364 |
|
$ |
52,271 |
|
| Schedule of changes in deferred revenue |
Changes in deferred revenue consisted of the following (in thousands):
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September 30, |
|
March 31, |
|
|
2024 |
|
2024 |
Opening balance, beginning of the year |
|
$ |
11,858 |
|
$ |
24,189 |
Closing balance, end of the period |
|
$ |
9,884 |
|
$ |
11,858 |
Revenue recognized in the period from: |
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|
|
|
|
|
Amounts included in deferred revenue at the beginning of the period |
|
$ |
5,656 |
|
$ |
16,527 |
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