Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue: $ 105,789 $ 89,912 $ 211,419 $ 197,424
Cost of revenue: 62,266 54,385 122,070 115,558
Gross profit 43,523 35,527 89,349 81,866
Operating expenses:        
Research and development 9,350 7,862 17,733 16,123
Sales and marketing 14,824 16,682 30,680 35,807
General and administrative 14,329 14,072 32,905 33,461
Restructuring charges 821 294 1,084 4,201
Total operating expenses 39,324 38,910 82,402 89,592
Income (loss) from operations 4,199 (3,383) 6,947 (7,726)
Other income (expense), net 76 (196) 165 24
Interest expense (6,347) (4,636) (12,653) (8,571)
Loss on debt extinguishment, net 0 (12,425) 0 (12,425)
Net loss before income taxes (2,072) (20,640) (5,541) (28,698)
Income tax provision 243 977 581 402
Net loss $ (2,315) $ (21,617) $ (6,122) $ (29,100)
Loss per share - basic and diluted (in usd per share) $ (0.06) $ (0.61) $ (0.17) $ (0.82)
Weighted average shares - basic and diluted 36,297 35,502 36,172 35,473
Foreign currency translation adjustments, net $ (474) $ (86) $ (390) $ (969)
Total comprehensive loss (2,789) (21,703) (6,512) (30,069)
Product        
Revenue: 68,130 51,622 133,926 118,491
Cost of revenue: 49,467 41,319 96,666 86,756
Service        
Revenue: 32,401 33,352 65,781 66,916
Cost of revenue: 12,799 13,066 25,404 28,802
Royalty        
Revenue: $ 5,258 $ 4,938 $ 11,712 $ 12,017