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, 2021
Mar. 31, 2020
Mar. 31, 2019
Revenue:      
Revenue $ 349,576 $ 402,949 $ 402,680
Cost of revenue:      
Cost of revenue 198,823 230,441 235,066
Gross profit 150,753 172,508 167,614
Operating expenses:      
Research and development 41,703 36,301 32,113
Sales and marketing 54,945 59,524 69,400
General and administrative 42,001 54,457 65,277
Restructuring costs 3,701 1,022 5,570
Total operating expenses 142,350 151,304 172,360
Income (loss) from operations 8,403 21,204 (4,746)
Other income (expense), net (1,312) (261) 2,878
Interest expense (27,522) (25,350) (21,095)
Loss on debt extinguishment, net (14,789) 0 (17,458)
Net loss before income taxes (35,220) (4,407) (40,421)
Income tax provision 239 803 2,376
Net loss $ (35,459) $ (5,210) $ (42,797)
Net loss per share - basic and diluted (in dollars per share) $ (0.83) $ (0.14) $ (1.20)
Weighted average shares - basic and diluted (in shares) 42,852 37,593 35,551
Foreign currency translation adjustments, net of income taxes $ 666 $ (112) $ (1,136)
Total comprehensive loss (34,793) (5,322) (43,933)
Product      
Revenue:      
Revenue 209,808 251,168 244,654
Cost of revenue:      
Cost of revenue 150,257 179,760 179,846
Service      
Revenue:      
Revenue 124,904 131,050 134,696
Cost of revenue:      
Cost of revenue 48,566 50,681 55,220
Royalty      
Revenue:      
Revenue $ 14,864 $ 20,731 $ 23,330