Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Revenue: $ 402,949 $ 402,680 $ 437,684
Cost of revenue: 230,441 235,066 264,900
Gross profit 172,508 167,614 172,784
Operating expenses:      
Research and development 36,301 32,113 38,562
Sales and marketing 59,524 69,400 102,242
General and administrative 54,457 65,277 52,128
Restructuring charges 1,022 5,570 8,474
Total operating expenses 151,304 172,360 201,406
Income (loss) from operations 21,204 (4,746) (28,622)
Other income (expense), net (261) 2,878 767
Interest expense (25,350) (21,095) (11,670)
Loss on debt extinguishment, net 0 (17,458) (6,934)
Net loss before income taxes (4,407) (40,421) (46,459)
Income tax provision (benefit) 803 2,376 (3,113)
Net loss $ (5,210) $ (42,797) $ (43,346)
Net loss per share - basic and diluted (in dollars per share) $ (0.14) $ (1.20) $ (1.25)
Weighted average shares - basic and diluted (in shares) 37,593 35,551 34,687
Foreign currency translation adjustments $ (112) $ (1,136) $ 1,402
Total comprehensive loss (5,322) (43,933) (41,944)
Product      
Revenue: 251,168 244,654 268,582
Cost of revenue: 179,760 179,846 206,111
Service      
Revenue: 131,050 134,696 136,523
Cost of revenue: 50,681 55,220 58,789
Total revenue      
Revenue: $ 20,731 $ 23,330 $ 32,579