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INVENTORIES, NET
 3 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORIES, NET

NOTE 5 — INVENTORIES, NET

As of June 30, 2023 and March 31, 2023, Orion's inventory balances were as follows (dollars in thousands):

 

 

 

Cost

 

 

Excess and
Obsolescence
Reserve

 

 

Net

 

As of June 30, 2023

 

 

 

 

 

 

 

 

 

Raw materials and components

 

$

8,050

 

 

$

(1,171

)

 

$

6,879

 

Work in process

 

 

631

 

 

 

(173

)

 

 

458

 

Finished goods

 

 

10,938

 

 

 

(586

)

 

 

10,352

 

Total

 

$

19,619

 

 

$

(1,930

)

 

$

17,689

 

 

 

 

 

 

 

 

 

 

As of March 31, 2023

 

 

 

 

 

 

 

 

 

Raw materials and components

 

$

9,988

 

 

$

(1,094

)

 

$

8,894

 

Work in process

 

 

693

 

 

 

(135

)

 

 

558

 

Finished goods

 

 

9,313

 

 

 

(560

)

 

 

8,753

 

Total

 

$

19,994

 

 

$

(1,789

)

 

$

18,205