v3.26.1
STOCK OPTIONS AND RESTRICTED SHARES (Tables)
3 Months Ended
Jun. 30, 2026
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,

 

 

 

2026

 

 

2025

 

Cost of product revenue

 

$

 

 

$

2

 

General and administrative

 

 

148

 

 

 

154

 

Sales and marketing

 

 

10

 

 

 

10

 

Research and development

 

 

1

 

 

 

 

Total

 

$

159

 

 

$

166

 

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, 2026

 

 

114,078

 

 

$

8.40

 

 

 

47,065

 

 

$

10.90

 

Shares issued

 

 

1,802

 

 

$

10.87

 

 

 

 

 

$

 

Shares vested

 

 

(15,083

)

 

$

11.03

 

 

 

 

 

$

 

Shares forfeited

 

 

 

 

$

 

 

 

 

 

$

 

Shares outstanding at June 30, 2026

 

 

100,797

 

 

$

8.05

 

 

 

47,065

 

 

$

10.90

 

 

Summary of Stock Options Activity

The following table summarized information with respect to performance-based option and time-based option activity:

 

 

 

Time-Based
Options

 

 

Performance-Based
Options

 

 

 

Options

 

 

Weighted
Average
Exercise
Price

 

 

Options

 

 

Weighted
Average
Exercise
Price

 

Balance at March 31, 2026

 

 

27,229

 

 

$

6.34

 

 

 

62,500

 

 

$

6.00

 

Options granted

 

 

789

 

 

$

9.50

 

 

 

 

 

$

 

Options outstanding at June 30, 2026

 

 

28,018

 

 

$

6.42

 

 

 

62,500

 

 

$

6.00