Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.24.1.1.u2
Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2023
Revenue Recognition  
Schedule of disaggregated revenue by business group

The following table presents disaggregated revenue by business group (in thousands):

Year Ended March 31,

    

2023

    

2022

Microturbine Products

$

33,196

$

31,367

Accessories

1,837

1,353

Total Product and Accessories

35,033

32,720

Parts and Service (1)

30,684

28,475

Rentals

 

8,165

 

2,769

Total Revenue

$

73,882

$

63,964

Schedule of changes in deferred revenue Changes in deferred revenue are as follows (in thousands):

March 31,

March 31,

2023

2022

Opening balance, beginning of the period

$

15,816

$

12,587

Closing balance, end of the period

$

24,189

$

15,816

Revenue recognized in the period from:

Amounts included in contract liability at the beginning of the period

$

13,026

$

11,303