Year ended March 31, 2026

(dollars in thousands)

Lighting

Maintenance

EV

Corporate & Other

Total

Product revenue

$

41,173

$

7,293

$

8,563

$

—

$

57,029

Service revenue

14,707

8,749

5,821

—

29,277

Total revenue

55,880

16,042

14,384

—

86,306

Cost of product revenue

27,834

3,976

5,083

—

36,893

Cost of service revenue

9,568

7,871

3,881

—

21,320

Total cost of revenue

37,402

11,847

8,964

—

58,213

Gross profit

18,478

4,195

5,420

—

28,093

Operating expenses:

General and administrative

7,669

2,451

4,946

3,625

18,691

Sales and marketing

8,175

435

1,037

452

10,099

Research and development

459

143

85

258

945

Total operating expenses

16,303

3,029

6,068

4,335

29,735

Loss from operations

2,175

1,166

(648

)

(4,335

)

(1,642

)

Other income (expense):

Other income

51

Interest income

3

Interest expense

(783

)

Amortization of debt issue costs

(170

)

Loss on debt extinguishment

(562

)

Total other expense

(1,461

)

Loss before income tax

$

(3,103

)

Year ended March 31, 2025

(dollars in thousands)

Lighting

Maintenance

EV

Corporate & Other

Total

Product revenue

$

40,045

$

5,902

$

8,421

$

—

$

54,368

Service revenue

7,659

9,288

8,405

—

25,352

Total revenue

47,704

15,190

16,826

—

79,720

Cost of product revenue

28,664

3,215

5,440

-

37,319

Cost of service revenue

6,332

9,207

6,626

—

22,165

Total cost of revenue

34,996

12,422

12,066

—

59,484

Gross profit

12,708

2,768

4,760

—

20,236

Operating expenses:

General and administrative

6,083

3,075

5,423

3,427

18,008

Sales and marketing

8,800

685

1,578

532

11,595

Research and development

588

196

115

330

1,229

Total operating expenses

15,471

3,956

7,116

4,289

30,832

Loss from operations

(2,763

)

(1,188

)

(2,356

)

(4,289

)

(10,596

)

Other income (expense):

Other income

62

Interest income

7

Interest expense

(1,026

)

Amortization of debt issuance cost

(206

)

Total other expense

(1,163

)

Loss before income tax

$

(11,759

)

Year ended March 31, 2024

(dollars in thousands)

Lighting

Maintenance

EV

Corporate & Other

Total

Product revenue

$

50,319

$

4,687

$

8,301

$

—

$

63,307

Service revenue

10,783

12,460

4,031

—

27,274

Total revenue

61,102

17,147

12,332

—

90,581

Cost of product revenue

36,490

2,339

5,637

—

44,466

Cost of service revenue

7,800

14,060

3,344

—

25,204

Total cost of sales

44,290

16,399

8,981

—

69,670

Gross profit

16,812

748

3,351

—

20,911

Operating expenses:

General and administrative

6,516

4,517

3,649

2,058

16,740

Impairment of intangibles

—

456

—

—

456

Sales and marketing

10,813

928

1,146

101

12,988

Research and development

809

359

102

225

1,495

Acquisition-related costs

21

11

17

7

56

Total operating expenses

18,159

6,271

4,914

2,391

31,735

Loss from operations

(1,347

)

(5,523

)

(1,563

)

(2,391

)

(10,824

)

Other income (expense):

Other income

39

Interest income

2

Interest expense

(752

)

Amortization of debt issuance cost

(95

)

Other income (expense)

(806

)

Loss before income tax

$

(11,630

)

Depreciation and Amortization

Capital Expenditures

For the year ended March 31,

For the year ended March 31,

(dollars in thousands)

2026

2025

2024

2026

2025

2024

Segments:

 Lighting Segment

$

597

$

868

$

747

$

7

$

26

$

92

 Maintenance Segment

167

386

453

1

2

535

 EV Segment

775

1,083

979

-

2

56

Corporate and Other

245

281

411

75

69

154

$

1,784

$

2,618

$

2,590

$

83

$

99

$

837

Total Assets

(dollars in thousands)

March 31, 2026

March 31, 2025

Segments:

 Lighting Segment

$

26,185

$

20,646

 Maintenance Segment

3,697

4,384

 EV Segment

7,505

11,963

Corporate and Other

14,218

15,470

$

51,605

$

52,463