Revenue Recognition (Tables)
|
9 Months Ended |
Dec. 31, 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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|
|
|
|
|
|
|
|
|
|
|
|
|
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Three Months Ended December 31, |
|
Nine Months Ended December 31, |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Microturbine Products |
|
$ |
7,873 |
|
$ |
5,078 |
|
$ |
24,021 |
|
$ |
32,553 |
Accessories |
|
|
399 |
|
|
87 |
|
|
882 |
|
|
911 |
Total Product and Accessories |
|
|
8,272 |
|
|
5,165 |
|
|
24,903 |
|
|
33,464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Parts and Services |
|
|
7,405 |
|
|
6,603 |
|
|
23,228 |
|
|
23,906 |
Rentals |
|
|
4,471 |
|
|
2,832 |
|
|
10,382 |
|
|
9,501 |
Total Revenue |
|
$ |
20,148 |
|
$ |
14,600 |
|
$ |
58,513 |
|
$ |
66,871 |
|
| 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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|
|
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|
|
|
|
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Three Months Ended December 31, |
|
Nine Months Ended December 31, |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
United States |
|
$ |
12,447 |
|
$ |
8,032 |
|
$ |
37,233 |
|
$ |
36,879 |
Mexico |
|
|
800 |
|
|
1,310 |
|
|
2,418 |
|
|
4,553 |
All other North America |
|
|
18 |
|
|
526 |
|
|
155 |
|
|
1,213 |
Total North America |
|
|
13,265 |
|
|
9,868 |
|
|
39,806 |
|
|
42,645 |
Europe |
|
|
3,271 |
|
|
2,578 |
|
|
8,222 |
|
|
13,898 |
Asia |
|
|
1,027 |
|
|
1,019 |
|
|
1,923 |
|
|
2,786 |
Australia |
|
|
367 |
|
|
850 |
|
|
2,284 |
|
|
4,179 |
All other |
|
|
2,218 |
|
|
285 |
|
|
6,278 |
|
|
3,363 |
Total Revenue |
|
$ |
20,148 |
|
$ |
14,600 |
|
$ |
58,513 |
|
$ |
66,871 |
|
| Schedule of changes in deferred revenue |
Changes in deferred revenue consisted of the following (in thousands):
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|
|
|
|
|
|
|
|
December 31, |
|
March 31, |
|
|
2024 |
|
2024 |
|
|
|
|
|
|
|
Opening balance, beginning of the year |
|
$ |
11,858 |
|
$ |
24,189 |
Closing balance, end of the period |
|
$ |
15,941 |
|
$ |
11,858 |
Revenue recognized in the period from: |
|
|
|
|
|
|
Amounts included in deferred revenue at the beginning of the period |
|
$ |
4,447 |
|
$ |
16,527 |
|