Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenue:    
Revenue $ 91,787 $ 97,074
Cost of revenue:    
Cost of revenue 56,854 63,026
Gross profit 34,933 34,048
Operating expenses:    
Research and development 10,913 12,125
Sales and marketing 15,839 15,962
General and administrative 12,699 12,314
Restructuring charges 1,329 725
Total operating expenses 40,780 41,126
Loss from operations (5,847) (7,078)
Other income (expense), net (998) 751
Interest expense (3,201) (2,091)
Loss on debt extinguishment 0 (1,392)
Net loss before income taxes (10,046) (9,810)
Income tax provision 530 410
Net loss (10,576) (10,220)
Deemed dividend on warrants 0 (389)
Net loss attributable to common stockholders- basic (10,576) (10,609)
Net loss attributable to common stockholders- diluted $ (10,576) $ (10,609)
Net loss per share - basic (in dollars per share) $ (0.11) $ (0.13)
Net loss per share - diluted (in dollars per share) $ (0.11) $ (0.13)
Weighted average shares - basic (in shares) 93,673 83,641
Weighted average shares - diluted (in shares) 93,673 83,641
Foreign currency translation adjustments, net $ 249 $ (1,276)
Total comprehensive loss (10,327) (11,496)
Product revenue    
Revenue:    
Revenue 57,447 60,211
Cost of revenue:    
Cost of revenue 44,451 47,921
Service and subscription    
Revenue:    
Revenue 31,375 33,423
Cost of revenue:    
Cost of revenue 12,403 15,105
Royalty    
Revenue:    
Revenue $ 2,965 $ 3,440