Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 25,698 $ 5,210
Restricted cash 223 283
Accounts receivable, net of allowance for doubtful accounts of $195 and $422 61,309 69,354
Manufacturing inventories 23,671 33,546
Service parts inventories 25,458 24,254
Prepaid expenses 9,241 7,853
Other current assets 4,839 4,697
Total current assets 150,439 145,197
Property and equipment, net 15,973 12,853
Intangible assets, net 7,245 9,584
Goodwill 12,969 12,969
Right-of-use assets, net 10,579 11,107
Other long-term assets 12,477 9,925
Total assets 209,682 201,635
Current liabilities:    
Accounts payable 34,263 34,220
Deferred revenue 70,184 86,517
Long-term debt, current portion 5,000 4,375
Accrued compensation 13,192 16,141
Other accrued liabilities 14,502 16,562
Total current liabilities 137,141 157,815
Deferred revenue 40,165 41,580
Revolving credit facility 21,500 17,735
Long-term debt, net of current portion 68,250 89,448
Operating lease liabilities 10,315 9,891
Other long-term liabilities 11,653 11,849
Total liabilities 289,024 328,318
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; 225,000 shares authorized; 92,158 and 60,433 shares issued and outstanding 922 605
Additional paid-in capital 716,800 645,038
Accumulated deficit (793,067) (770,903)
Accumulated other comprehensive loss (3,997) (1,423)
Total stockholders’ deficit (79,342) (126,683)
Total liabilities and stockholders’ deficit $ 209,682 $ 201,635