v3.25.0.1
REVENUE RECOGNITION (Tables)
 9 Months Ended
Dec. 31, 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 nine months ended December 31, 2023 and 2024 (in thousands):

Three Months Ended December 31,Nine Months Ended December 31,
2023202420232024
Products$12,916 $24,687 $37,232 $63,718 
Services21,634 81,742 63,652 195,159 
$34,550 $106,429 $100,884 $258,877 
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 December 31, 2024 (in thousands):

March 31, 2024December 31, 2024
Contract Assets:
Deferred contract cost (1)
$2,632 $4,702 
Deferred costs - current$42 $6 
Contract Liabilities
Deferred revenue – services (2)
$10,674 $20,952 
Deferred revenue – products (2)
60 909 
10,734 21,861 
Less: Deferred revenue – current(5,842)(17,912)
Deferred revenue – less current portion$4,892 $3,949 
(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 December 31, 2023 and 2024, the Company recognized revenue of $914 and $5,605, respectively, which was included in the deferred revenue balance at the beginning of each reporting period. For the nine-month periods ended December 31, 2023 and 2024, the Company recognized revenue of $3,832 and $9,863, 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.