INVENTORIES

3 Months Ended

Jun. 30, 2026

NOTE 5 — INVENTORIES

As of June 30, 2026 and March 31, 2026, Orion's inventory balances, net of excess and obsolete reserves of $2.2 million and $2.2 million, respectively, were as follows (dollars in thousands):


	Inventories
As of June 30, 2026
Raw materials and components	$	2,778
Work in process		151
Finished goods		7,439
Total	$	10,368

As of March 31, 2026
Raw materials and components	$	2,560
Work in process		150
Finished goods		7,594
Total	$	10,304