Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue Recognition (Tables)

v3.25.2
Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregated revenue by business group

​

​

​

​

​

​

​

​

​

​

Year Ended March 31,

​

    

2025

    

2024

Microturbine Products

​

$

36,670

​

$

47,787

Accessories

​

​

2,240

​

​

1,320

Total Product and Accessories

​

​

38,910

​

​

49,107

​

​

​

​

​

​

​

Parts and Service

​

​

30,939

​

​

30,681

Total ASC 606 Revenue

​

$

69,849

​

$

79,788

​

​

​

​

​

​

​

Microturbine Products

​

$

1,309

​

$

—

Rentals

​

 

14,406

​

 

11,431

Total ASC 842 Revenue

​

 

15,715

​

​

11,431

Total Revenue

​

$

85,564

​

$

91,219

 

Schedule of disaggregated revenue by geography based on the primary operating location

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​

​

​

​

​

​

​

​

​

​

Year Ended March 31,

 

​

    

2025

    

2024

 

United States

​

$

55,732

​

$

54,574

​

Mexico

​

 

2,822

​

 

5,070

​

All other North America

​

 

718

​

 

1,278

​

Total North America

​

 

59,272

​

 

60,922

​

Europe

​

​

11,281

​

​

18,333

​

Asia

​

 

2,248

​

 

3,137

​

Australia

​

 

5,843

​

 

4,746

​

All other

​

 

6,920

​

 

4,081

​

Total Revenue

​

$

85,564

​

$

91,219

​

 

Schedule of changes in deferred revenue

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​

​

March 31,

​

March 31,

​

​

2025

​

2024

Opening balance, beginning of the year

​

$

11,858

​

$

24,189

Closing balance, end of the year

​

$

13,949

​

$

11,858

Revenue recognized during the year from:

​

​

​

​

​

​

Amounts included in deferred revenue at the beginning of the year

​

$

10,054

​

$

16,527