Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.22.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenue:        
Revenue $ 95,344 $ 98,023 $ 277,623 $ 257,149
Cost of revenue:        
Cost of revenue 60,134 55,744 166,746 145,284
Gross profit 35,210 42,279 110,877 111,865
Operating expenses:        
Research and development 14,607 9,589 38,287 29,983
Sales and marketing 16,714 15,294 46,128 40,019
General and administrative 10,538 11,103 33,830 32,928
Restructuring charges 576 200 850 2,837
Total operating expenses 42,435 36,186 119,095 105,767
Income (loss) from operations (7,225) 6,093 (8,218) 6,098
Other expense, net (150) (698) (223) (1,395)
Interest expense (2,431) (7,808) (9,387) (21,823)
Loss on debt extinguishment, net 0 0 (4,960) 0
Net loss before income taxes (9,806) (2,413) (22,788) (17,120)
Income tax provision 1,254 256 1,678 877
Net loss $ (11,060) $ (2,669) $ (24,466) $ (17,997)
Net loss per share - basic (in dollars per share) $ (0.19) $ (0.07) $ (0.42) $ (0.45)
Net loss per share - diluted (in dollars per share) $ (0.19) $ (0.07) $ (0.42) $ (0.45)
Weighted average shares - basic (in shares) 59,486 40,927 58,399 40,374
Weighted average shares - diluted (in shares) 59,486 40,927 58,399 40,374
Foreign currency translation adjustments, net $ (37) $ 975 $ (276) $ 1,984
Total comprehensive loss (11,097) (1,694) (24,742) (16,013)
Product        
Revenue:        
Revenue 58,522 63,021 165,308 153,557
Cost of revenue:        
Cost of revenue 45,118 43,311 124,982 108,691
Service        
Revenue:        
Revenue 33,162 31,169 100,352 93,049
Cost of revenue:        
Cost of revenue 15,016 12,433 41,764 36,593
Royalty        
Revenue:        
Revenue $ 3,660 $ 3,833 $ 11,963 $ 10,543