| Inventory, net |
Inventory, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
|
March 31, 2026 |
|
Raw materials |
|
$ |
85,528 |
|
|
$ |
143,429 |
|
Work in process |
|
|
23,549 |
|
|
|
31,942 |
|
Finished goods |
|
|
11,169 |
|
|
|
10,452 |
|
Less: allowance for slow-moving and excess inventory |
|
|
(2,669 |
) |
|
|
(6,327 |
) |
Inventory, net |
|
$ |
117,577 |
|
|
$ |
179,496 |
|
|
Inventory consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
June 30, |
|
|
|
2024 |
|
|
2025 |
|
Raw materials |
|
$ |
50,916 |
|
|
$ |
85,528 |
|
Work in process |
|
|
25,042 |
|
|
|
23,549 |
|
Finished goods |
|
|
11,080 |
|
|
|
11,169 |
|
Allowance for slow moving and excess |
|
|
(3,922 |
) |
|
|
(2,669 |
) |
Total Inventory, net |
|
$ |
83,116 |
|
|
$ |
117,577 |
|
The following is the activity of the reserve for slow moving and excess inventory (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Predecessor |
|
|
|
Successor |
|
|
|
Period from
July 1, 2023 to October 31,
2023 |
|
|
|
Period from
Inception to
June 30,
2024 |
|
|
Year Ended
June 30,
2025 |
|
Beginning balance |
|
$ |
(1,457 |
) |
|
|
$ |
— |
|
|
$ |
(3,922 |
) |
Acquisitions |
|
|
— |
|
|
|
|
(3,638 |
) |
|
|
— |
|
Provision for slow moving and excess |
|
|
— |
|
|
|
|
(349 |
) |
|
|
(9 |
) |
Written-off |
|
|
— |
|
|
|
|
65 |
|
|
|
1,262 |
|
Ending balance |
|
$ |
(1,457 |
) |
|
|
$ |
(3,922 |
) |
|
$ |
(2,669 |
) |
|