v3.23.3
REVENUE (Tables)
6 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following tables provide detail of Orion’s total revenue for the three and six months ended September 30, 2023 and September 30, 2022 (dollars in thousands):

 

 

 

Three Months Ended September 30, 2023

 

 

Six Months Ended September 30, 2023

 

 

 

Product

 

 

Services

 

 

Total

 

 

Product

 

 

Services

 

 

Total

 

Revenue from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lighting product and installation

 

$

11,928

 

 

$

1,614

 

 

$

13,542

 

 

$

23,713

 

 

$

2,445

 

 

$

26,158

 

Maintenance services

 

 

876

 

 

 

2,757

 

 

 

3,633

 

 

 

1,775

 

 

 

5,612

 

 

 

7,387

 

Electric vehicle charging

 

 

2,752

 

 

 

627

 

 

 

3,379

 

 

 

3,734

 

 

 

883

 

 

 

4,617

 

Solar energy related revenues

 

 

13

 

 

 

 

 

 

13

 

 

 

13

 

 

 

 

 

 

13

 

Total revenues from contracts with customers

 

 

15,569

 

 

 

4,998

 

 

 

20,567

 

 

 

29,235

 

 

 

8,940

 

 

 

38,175

 

Revenue accounted for under other guidance

 

 

19

 

 

 

 

 

 

19

 

 

 

24

 

 

 

 

 

 

24

 

Total revenue

 

$

15,588

 

 

$

4,998

 

 

$

20,586

 

 

$

29,259

 

 

$

8,940

 

 

$

38,199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2022

 

 

Six Months Ended September 30, 2022

 

 

 

Product

 

 

Services

 

 

Total

 

 

Product

 

 

Services

 

 

Total

 

Revenue from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lighting product and installation

 

$

12,059

 

 

$

2,036

 

 

$

14,095

 

 

$

24,463

 

 

$

3,394

 

 

$

27,857

 

Maintenance services

 

 

755

 

 

 

2,691

 

 

 

3,446

 

 

 

1,744

 

 

 

5,756

 

 

 

7,500

 

Total revenues from contracts with customers

 

 

12,814

 

 

 

4,727

 

 

 

17,541

 

 

 

26,207

 

 

 

9,150

 

 

 

35,357

 

Revenue accounted for under other guidance

 

 

19

 

 

 

 

 

 

19

 

 

 

109

 

 

 

 

 

 

109

 

Total revenue

 

$

12,833

 

 

$

4,727

 

 

$

17,560

 

 

$

26,316

 

 

$

9,150

 

 

$

35,466

 

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 September 30, 2023 and March 31, 2023 (dollars in thousands):

 

 

 

September 30,
2023

 

 

March 31,
2023

 

Accounts receivable, net

 

$

16,117

 

 

$

13,728

 

Contract assets

 

$

1,827

 

 

$

1,320

 

Contract liabilities

 

$

1,748

 

 

$

480