Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (22,164) $ (13,406)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 5,133 3,967
Amortization of debt issuance costs 768 1,629
Loss on debt extinguishment 992 0
Provision for product and service inventories 9,946 2,418
Stock-based compensation 5,357 6,273
Paycheck Protection Program loan forgiveness 0 (10,000)
Non-cash loss on debt extinguishment 0 8,471
Other (152) 41
Unrealized foreign exchange loss (2,766) (61)
Changes in assets and liabilities:    
Accounts receivable, net 8,264 10,024
Manufacturing inventories 416 (5,199)
Service parts inventories (1,971) (1,818)
Prepaid expenses (1,208) (3,224)
Accounts payable 293 1,559
Accrued restructuring charges 115 (560)
Accrued compensation (2,949) (3,779)
Deferred revenue (17,747) (9,032)
Other current assets (486) (962)
Other non-current assets (349) (1,266)
Other current liabilities 769 (353)
Other non-current liabilities (196) 16
Net cash used in operating activities (17,935) (15,262)
Investing activities    
Purchases of property and equipment (7,795) (2,396)
Business acquisition payments (2,000) (5,000)
Net cash used in investing activities (9,795) (7,396)
Financing activities    
Borrowings of long-term debt, net of debt issuance costs 0 94,961
Repayments of long-term debt and payment of amendment fees (22,096) (93,051)
Borrowings of credit facility 229,605 126,084
Repayments of credit facility and payment of amendment fees (226,240) (116,084)
Proceeds from issuance of common stock, net 66,723 806
Net cash provided by financing activities 47,992 12,716
Effect of exchange rate changes on cash, cash equivalents and restricted cash 166 12
Net change in cash, cash equivalents and restricted cash 20,428 (9,930)
Cash, cash equivalents, and restricted cash at beginning of period 5,493 33,137
Cash, cash equivalents, and restricted cash at end of period 25,921 23,207
Cash, Cash Equivalents and Restricted Cash at end of period    
Cash and cash equivalents 25,698 22,757
Restricted cash, current 223 450
Cash and cash equivalents at the end of period 25,921 23,207
Supplemental disclosure of cash flow information    
Cash paid for interest 4,114 5,198
Cash paid for income taxes, net 465 480
Non-cash transactions    
Purchases of property and equipment included in accounts payable 548 309
Paid-in-kind interest 319 0
Deemed dividend on warrants 389 0
Service Inventory    
Non-cash transactions    
Transfer of manufacturing industries 1,905 0
Property And Equipment    
Non-cash transactions    
Transfer of manufacturing industries $ 279 $ 76