Quarterly report [Sections 13 or 15(d)]

Revenue Recognition (Tables)

v3.25.2
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregated revenue by business group

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30,

​

    

2025

    

2024

Microturbine Products

​

$

15,366

​

$

5,262

Accessories

​

​

354

​

​

161

Total Product and Accessories

​

​

15,720

​

​

5,423

​

​

​

​

​

​

​

Parts and Services

​

​

7,938

​

​

7,837

Total ASC 606 Revenue

​

$

23,658

​

$

13,260

​

​

​

​

​

​

​

Rentals

​

 

4,213

​

 

2,383

Total ASC 842 Revenue

​

​

4,213

​

​

2,383

Total Revenue

​

$

27,871

​

$

15,643

 

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

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30,

​

    

2025

    

2024

United States

​

$

22,956

​

$

8,931

Mexico

​

 

1,206

​

​

492

All other North America

​

 

119

​

 

30

Total North America

​

 

24,281

​

 

9,453

Europe

​

​

2,016

​

​

3,424

Asia

​

 

560

​

 

502

Australia

​

 

491

​

 

1,702

All other

​

 

523

​

 

562

Total Revenue

​

$

27,871

​

$

15,643

 

Schedule of changes in deferred revenue

​

​

​

​

​

​

​

​

​

   

Three Months Ended June 30,

​

​

2025

​

2024

​

​

​

​

​

​

​

Opening balance, beginning of the fiscal year

​

$

13,949

​

$

11,858

Closing balance, end of the period

​

$

10,727

​

$

12,484

Revenue recognized in the period from:

​

 

​

​

​

​

Amounts included in deferred revenue at the beginning of the period

​

$

6,821

​

$

3,597