REVENUE RECOGNITION (Tables)

3 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the Company’s revenues disaggregated by revenue source for the three-months ended June 30, 2023 and 2024 (in thousands):

	Three Months Ended June 30,
	2023		2024
Products	$	11,084	$	18,738
Services	21,008		56,692
	$	32,092	$	75,430

Schedule of Contract with Customer, Contract Asset, Contract Liability

The balances of contract assets and contract liabilities from contracts with customers are as follows as of March 31, 2024 and June 30, 2024 (in thousands):

	March 31, 2024		June 30, 2024
Contract Assets:
Deferred contract cost(1)	$	2,632	$	4,322
Deferred costs - current	$	42	$	24
Contract Liabilities
Deferred revenue – services (2)	$	10,674	$	14,724
Deferred revenue – products (2)	60		120
	10,734		14,844
Less: Deferred revenue – current	(5,842)		(10,019)
Deferred revenue – less current portion	$	4,892	$	4,825

(1) Deferred Contract costs are included in Other assets on the Condensed Consolidated Balance sheets.

(2) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-month periods ended June 30, 2023 and 2024, the Company recognized revenue of $1,766 and $2,986, respectively, which was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue through year 2029, when it transfers those goods and services and, therefore, satisfies its performance obligation to the customers.