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INVENTORIES
9 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES

NOTE 5 — INVENTORIES

As of December 31, 2025 and March 31, 2025, Orion's inventory balances, net of excess and obsolete reserves of $2.1 million and $1.8 million, respectively, were as follows (dollars in thousands):

 

 

 

Inventories

 

As of December 31, 2025

 

 

 

Raw materials and components

 

$

3,276

 

Work in process

 

 

121

 

Finished goods

 

 

6,469

 

Total

 

$

9,866

 

 

 

 

As of March 31, 2025

 

 

 

Raw materials and components

 

$

4,691

 

Work in process

 

 

286

 

Finished goods

 

 

6,415

 

Total

 

$

11,392