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REVENUE RECOGNITION (Tables)

6 Months Ended

Sep. 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 and six months ended September 30, 2023 and 2024 (in thousands):

			Three Months Ended September 30,												Six Months Ended September 30,
			2023						2024						2023						2024
Products			$	13,233					$	20,293					$	24,317					$	39,031
Services			21,010						56,725						42,018						113,417
			$	34,243					$	77,018					$	66,335					$	152,448

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 September 30, 2024 (in thousands):

									March 31, 2024						September 30, 2024
Contract Assets:
Deferred contract cost (1)									$	2,632					$	7,408
Deferred costs - current									$	42					$	13
Contract Liabilities
Deferred revenue – services (2)									$	10,674					$	14,153
Deferred revenue – products (2)									60						968
									10,734						15,121
Less: Deferred revenue – current									(5,842)						(10,447)
Deferred revenue – less current portion									$	4,892					$	4,674

(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 September 30, 2023 and 2024, the Company recognized revenue of $1,416 and $2,499, respectively, which was included in the deferred revenue balance at the beginning of each reporting period. For the six-month periods ended September 30, 2023 and 2024, the Company recognized revenue of $3,190 and $5,486, 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.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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