Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 26,028 $ 5,210
Restricted cash 219 283
Accounts receivable, net of allowance for doubtful accounts of $219 and $422 72,911 69,354
Manufacturing inventories 32,402 33,546
Service parts inventories 25,822 24,254
Prepaid expenses 7,198 7,853
Other current assets 7,489 4,697
Total current assets 172,069 145,197
Property and equipment, net 16,794 12,853
Intangible assets, net 6,497 9,584
Goodwill 12,969 12,969
Right-of-use assets, net 10,468 11,107
Other long-term assets 13,600 9,925
Total assets 232,397 201,635
Current liabilities:    
Accounts payable 41,788 34,220
Deferred revenue 72,669 86,517
Long-term debt, current portion 5,000 4,375
Accrued compensation 15,527 16,141
Other accrued liabilities 15,852 16,562
Total current liabilities 150,836 157,815
Deferred revenue 41,076 41,580
Revolving credit facility 27,736 17,735
Long-term debt, net of current portion 67,306 89,448
Operating lease liabilities 10,346 9,891
Other long-term liabilities 12,150 11,849
Total liabilities 309,450 328,318
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; 93,144 and 60,433 shares issued and outstanding 932 605
Additional paid-in capital 719,769 645,038
Accumulated deficit (795,237) (770,903)
Accumulated other comprehensive loss (2,517) (1,423)
Total stockholders’ deficit (77,053) (126,683)
Total liabilities and stockholders’ deficit $ 232,397 $ 201,635