v3.25.2
RESTRICTED SHARES (Tables)
3 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of stock-based Compensation

The following amounts of Orion's consolidated stock-based compensation were recorded (dollars in thousands):

 

 

 

For the Three Months Ended
June 30,

 

 

 

2025

 

 

2024

 

Cost of product revenue

 

$

2

 

 

$

2

 

General and administrative

 

 

154

 

 

 

282

 

Sales and marketing

 

 

10

 

 

 

8

 

Research and development

 

 

 

 

 

2

 

Total

 

$

166

 

 

$

294

 

Summary of performance-vesting restricted stock and time vesting-restricted stock

The following table summarizes information with respect to performance-vesting restricted stock and time vesting-restricted stock activity:

 

 

 

Time-Based
Restricted Shares

 

 

Performance-Based
Restricted Shares

 

 

 

Shares

 

 

Weighted
Average
Fair Value
Price

 

 

Shares

 

 

Weighted
Average
Fair Value
Price

 

Balance at March 31, 2025

 

 

1,331,594

 

 

$

1.30

 

 

 

1,529,936

 

 

$

1.43

 

Shares issued

 

 

 

 

 

 

 

 

 

 

 

 

Shares vested

 

 

(569,474

)

 

$

1.46

 

 

 

 

 

 

 

Shares forfeited

 

 

(88,325

)

 

$

1.07

 

 

 

(728,326

)

 

$

1.44

 

Shares outstanding at June 30, 2025

 

 

673,795

 

 

$

1.19

 

 

 

801,610

 

 

$

1.28