Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.24.3
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2024
Revenue Recognition  
Schedule of disaggregated revenue by business group

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

Three Months Ended June 30,

    

2024

    

2023

Microturbine Products

$

5,262

$

13,007

Accessories

99

200

Total Product and Accessories

5,361

13,207

Parts and Services

7,899

7,666

Rentals

 

2,383

 

3,030

Total Revenue

$

15,643

$

23,903

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

Three Months Ended June 30,

    

2024

    

2023

Microturbine Products

$

5,262

$

13,007

Accessories

99

200

Total Product and Accessories

5,361

13,207

Parts and Services

7,899

7,666

Rentals

 

2,383

 

3,030

Total Revenue

$

15,643

$

23,903

Schedule of changes in deferred revenue

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

   

June 30,

   

March 31,

2024

2024

Opening balance, beginning of the year

$

11,858

$

24,189

Closing balance, end of the period

$

12,484

$

11,858

Revenue recognized in the period from:

 

Amounts included in deferred revenue at the beginning of the period

$

3,597

$

16,527