Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 26,528 $ 5,210
Restricted cash 255 283
Accounts receivable, net of allowance for doubtful accounts of $195 and $422 64,909 69,354
Manufacturing inventories 32,642 33,546
Service parts inventories 25,129 24,254
Prepaid expenses 10,715 7,853
Other current assets 4,574 4,697
Total current assets 164,752 145,197
Property and equipment, net 14,093 12,853
Intangible assets, net 8,420 9,584
Goodwill 12,969 12,969
Right-of-use assets, net 10,641 11,107
Other long-term assets 10,796 9,925
Total assets 221,671 201,635
Current liabilities:    
Accounts payable 33,867 34,220
Deferred revenue 74,267 86,517
Long-term debt, current portion 5,000 4,375
Accrued compensation 14,531 16,141
Other accrued liabilities 14,157 16,562
Total current liabilities 141,822 157,815
Deferred revenue 40,196 41,580
Revolving credit facility 17,300 17,735
Long-term debt, net of current portion 69,195 89,448
Operating lease liabilities 9,932 9,891
Other long-term liabilities 12,013 11,849
Total liabilities 290,458 328,318
Commitments and contingencies (Note 9)
Stockholders' deficit    
Preferred stock, 20,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 125,000 shares authorized; 90,606 and 60,433 shares issued and outstanding 907 605
Additional paid-in capital 714,128 645,038
Accumulated deficit (781,123) (770,903)
Accumulated other comprehensive loss (2,699) (1,423)
Total stockholders’ deficit (68,787) (126,683)
Total liabilities and stockholders’ deficit $ 221,671 $ 201,635