REVENUE (Tables)

9 Months Ended

Dec. 31, 2024

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, 2024 and December 31, 2023 (dollars in thousands):

	Three Months Ended December 31, 2024						Nine Months Ended December 31, 2024
	Product		Services		Total		Product		Services		Total
Revenue from contracts with customers:
Lighting product and installation	$	11,291	$	1,754	$	13,045	$	30,636	$	5,725	$	36,361
Maintenance services		1,672		2,253		3,925		3,795		7,250		11,045
Electric vehicle charging		1,176		1,269		2,445		4,567		6,434		11,001
Solar energy related revenues		—		—		—		17		—		17
Total revenues from contracts with customers		14,139		5,276		19,415		39,015		19,409		58,424
Revenue accounted for under other guidance		169		—		169		427		—		427
Total revenue	$	14,308	$	5,276	$	19,584	$	39,442	$	19,409	$	58,851
	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

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, 2024 and March 31, 2024 (dollars in thousands):

	December 31, 2024		March 31, 2024
Accounts receivable, net	$	12,234	$	14,022
Revenue earned but not billed (1)	$	1,830	$	4,539
Deferred revenue (2)	$	212	$	124

(1) Within the revenue earned not billed line on the condensed consolidated balance sheet, $0.4 million is accounted for as a sales type lease under ASC 842, and therefore not considered a "contract asset", which is an asset defined by ASC 606.

(2) Includes the unamortized portion of the funds received from the federal government in 2010 and 2011 as reimbursement for the costs to build the two facilities related to the PPAs. As the transaction is not considered a contract with a customer, this value is not a contract liability as defined by ASC 606.