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, 2022
Mar. 31, 2021
Mar. 31, 2020
Revenue      
Revenue $ 372,827 $ 349,576 $ 402,949
Cost of revenue      
Cost of revenue 225,792 198,823 230,441
Gross profit 147,035 150,753 172,508
Operating expenses      
Research and development 51,812 41,703 36,301
Sales and marketing 62,957 54,945 59,524
General and administrative 45,256 42,001 54,457
Restructuring costs 850 3,701 1,022
Total operating expenses 160,875 142,350 151,304
Income (loss) from operations (13,840) 8,403 21,204
Other expense, net (251) (1,312) (261)
Interest expense (11,888) (27,522) (25,350)
Loss on debt extinguishment, net (4,960) (14,789) 0
Net loss before income taxes (30,939) (35,220) (4,407)
Income tax provision 1,341 239 803
Net loss $ (32,280) $ (35,459) $ (5,210)
Net loss per share - basic (in dollars per share) $ (0.55) $ (0.83) $ (0.14)
Net loss per share -diluted (in dollars per share) $ (0.55) $ (0.83) $ (0.14)
Weighted average shares - basic (in shares) 58,871 42,852 37,593
Weighted average shares - diluted (in shares) 58,871 42,852 37,593
Foreign currency translation adjustments, net of income taxes $ (567) $ 666 $ (112)
Total comprehensive loss (32,847) (34,793) (5,322)
Product      
Revenue      
Revenue 223,761 209,808 251,168
Cost of revenue      
Cost of revenue 169,780 150,257 179,760
Service and subscription      
Revenue      
Revenue 133,689 124,904 131,050
Cost of revenue      
Cost of revenue 56,012 48,566 50,681
Royalty      
Revenue      
Revenue $ 15,377 $ 14,864 $ 20,731