Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.24.2.u1
Revenue Recognition (Tables)
6 Months Ended
Sep. 30, 2023
Revenue Recognition  
Schedule of disaggregated revenue by business group

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

Three Months Ended September 30,

Six Months Ended September 30,

    

2023

    

2022

    

2023

    

2022

Microturbine Products

$

14,468

$

9,344

$

27,475

$

18,748

Accessories

624

250

824

644

Total Product and Accessories

15,092

9,594

28,299

19,392

Parts and Service

9,637

8,765

17,303

16,440

Rentals

 

3,639

 

1,765

 

6,669

 

3,057

Total Revenue

$

28,368

$

20,124

$

52,271

$

38,889

Summary of disaggregated revenue by geography based on the primary operating location of the Company's customers

Three Months Ended September 30,

Six Months Ended September 30,

    

2023

    

2022

    

2023

    

2022

Microturbine Products

$

14,468

$

9,344

$

27,475

$

18,748

Accessories

624

250

824

644

Total Product and Accessories

15,092

9,594

28,299

19,392

Parts and Service

9,637

8,765

17,303

16,440

Rentals

 

3,639

 

1,765

 

6,669

 

3,057

Total Revenue

$

28,368

$

20,124

$

52,271

$

38,889

Schedule of changes in deferred revenue

Changes in deferred revenue consisted of the following (in thousands):

September 30, 2023

March 31, 2023

Opening balance, beginning of the year

$

24,189

$

15,816

Closing balance, end of the period

$

15,676

$

24,189

Revenue recognized in the period from:

 

 

Amounts included in deferred revenue at the beginning of the period

$

10,400

$

13,026