Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 93,180 $ 85,821 $ 182,278 $ 159,126
Cost of revenue:        
Cost of revenue 54,793 47,087 106,612 89,540
Gross profit 38,387 38,734 75,666 69,586
Operating expenses:        
Research and development 12,389 10,233 23,680 20,395
Sales and marketing 15,462 13,153 29,414 24,723
General and administrative 11,466 10,263 23,293 21,825
Restructuring charges 8 1,585 274 2,637
Total operating expenses 39,325 35,234 76,661 69,580
Income (loss) from operations (938) 3,500 (995) 6
Other income (expense), net 126 (312) (71) (697)
Interest expense (3,070) (7,578) (6,956) (14,015)
Loss on debt extinguishment, net (4,960) 0 (4,960) 0
Net loss before income taxes (8,842) (4,390) (12,982) (14,706)
Income tax provision 411 202 424 622
Net loss $ (9,253) $ (4,592) $ (13,406) $ (15,328)
Net loss per share - basic (in dollars per share) $ (0.16) $ (0.11) $ (0.23) $ (0.38)
Net loss per share - diluted (in dollars per share) $ (0.16) $ (0.11) $ (0.23) $ (0.38)
Weighted average shares - basic (in shares) 58,567 40,286 57,852 40,097
Weighted average shares - diluted (in shares) 58,567 40,286 57,852 40,097
Foreign currency translation adjustments, net $ (506) $ 722 $ (239) $ 1,009
Total comprehensive loss (9,759) (3,870) (13,645) (14,319)
Product        
Revenue:        
Revenue 54,655 50,850 106,786 90,537
Cost of revenue:        
Cost of revenue 41,124 34,998 79,864 65,380
Service        
Revenue:        
Revenue 34,359 31,494 67,189 61,880
Cost of revenue:        
Cost of revenue 13,669 12,089 26,748 24,160
Royalty        
Revenue:        
Revenue $ 4,166 $ 3,477 $ 8,303 $ 6,709