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REVENUE (Tables)
9 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following tables provide detail of Orion’s total revenue for the three and nine months ended December 31, 2023 and December 31, 2022 (dollars in thousands):

 

 

Three Months Ended December 31, 2023

 

 

Nine Months Ended December 31, 2023

 

 

 

Product

 

 

Services

 

 

Total

 

 

Product

 

 

Services

 

 

Total

 

Revenue from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lighting product and installation

 

$

13,773

 

 

$

4,745

 

 

$

18,518

 

 

$

37,486

 

 

$

7,190

 

 

$

44,676

 

Maintenance services

 

 

1,080

 

 

 

3,529

 

 

 

4,609

 

 

 

2,855

 

 

 

9,141

 

 

 

11,996

 

Electric vehicle charging

 

 

2,128

 

 

 

690

 

 

 

2,818

 

 

 

5,862

 

 

 

1,573

 

 

 

7,435

 

Solar energy related revenues

 

 

7

 

 

 

 

 

 

7

 

 

 

20

 

 

 

 

 

 

20

 

Total revenues from contracts with customers

 

 

16,988

 

 

 

8,964

 

 

 

25,952

 

 

 

46,223

 

 

 

17,904

 

 

 

64,127

 

Revenue accounted for under other guidance

 

 

19

 

 

 

 

 

 

19

 

 

 

43

 

 

 

 

 

 

43

 

Total revenue

 

$

17,007

 

 

$

8,964

 

 

$

25,971

 

 

$

46,266

 

 

$

17,904

 

 

$

64,170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31, 2022

 

 

Nine Months Ended December 31, 2022

 

 

 

Product

 

 

Services

 

 

Total

 

 

Product

 

 

Services

 

 

Total

 

Revenue from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lighting product and installation

 

$

11,543

 

 

$

1,679

 

 

$

13,222

 

 

$

36,006

 

 

$

5,073

 

 

$

41,079

 

Maintenance services

 

 

772

 

 

 

2,534

 

 

 

3,306

 

 

 

2,516

 

 

 

8,290

 

 

 

10,806

 

Electric vehicle charging

 

 

2,154

 

 

 

676

 

 

 

2,830

 

 

 

2,154

 

 

 

676

 

 

 

2,830

 

Total revenues from contracts with customers

 

 

14,469

 

 

 

4,889

 

 

 

19,358

 

 

 

40,676

 

 

 

14,039

 

 

 

54,715

 

Revenue accounted for under other guidance

 

 

930

 

 

 

 

 

 

930

 

 

 

1,039

 

 

 

 

 

 

1,039

 

Total revenue

 

$

15,399

 

 

$

4,889

 

 

$

20,288

 

 

$

41,715

 

 

$

14,039

 

 

$

55,754

 

Summary of Contract Assets and Liabilities

The following chart shows the balance of Orion’s receivables arising from contracts with customers, contract assets and contract liabilities as of December 31, 2023 and March 31, 2023 (dollars in thousands):

 

 

 

December 31,
2023

 

 

March 31,
2023

 

Accounts receivable, net

 

$

15,714

 

 

$

13,728

 

Contract assets

 

$

1,692

 

 

$

1,320

 

Contract liabilities

 

$

82

 

 

$

480