Revenue Recognition

3 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenue, net including related parties, disaggregated by contract type is as follows (in thousands):

	Three Months Ended June 30,
	2023		2022
Commercial product and service	$	3,003	$	4,434
Government	2,880		722
Revenue, net	$	5,883	$	5,156

Revenues from related parties were $1.6 million and $1.7 million for the three months ended June 30, 2023 and 2022, respectively, and were included in Commercial product and service revenue.

Government revenue for the three months ended June 30, 2023 was primarily derived from a contract with the National Security Technology Accelerator (“NSTXL”) which was awarded in May 2023, in which the Company may receive up to $15.2 million over the period from the first quarter of fiscal 2024 through the third quarter of fiscal 2026 for developing and manufacturing advanced GaN epiwafer materials in accordance with statements of work, and in support of an agreement between NSTXL and the U.S. Government. As of June 30, 2023, $7.5 million of the total $15.2 million has been funded by the U.S. Government. Government revenue for the three months ended June 30, 2022 was primarily derived from contracts with the U.S. Navy, which ended in December 2022.