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
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net loss $ (10,576) $ (10,220)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,752 2,586
Amortization of debt issuance costs 520 336
Loss on debt extinguishment 0 992
Provision for product and service inventories 516 1,631
Stock-based compensation 1,901 3,069
Other 734 (1,469)
Changes in assets and liabilities:    
Accounts receivable, net 6,255 4,677
Manufacturing inventories (692) (412)
Service parts inventories (516) (1,384)
Prepaid expenses (2,287) (2,745)
Accounts payable (5,421) (175)
Accrued restructuring charges 110 39
Accrued compensation (816) (1,610)
Deferred revenue (2,221) (13,634)
Other current assets (487) 6
Other non-current assets (935) (261)
Other current liabilities (954) 64
Other non-current liabilities 1,462 164
Net cash used in operating activities (10,655) (18,346)
Investing activities    
Purchases of property and equipment (2,299) (3,036)
Deferred business acquisition payment 0 (2,000)
Net cash used in investing activities (2,299) (5,036)
Financing activities    
Borrowings of long-term debt, net of debt issuance costs 14,100 0
Repayments of long-term debt and payment of amendment fees (1,997) (20,846)
Borrowings of credit facility 108,186 109,740
Repayments of credit facility and payment of amendment fees (107,834) (110,575)
Proceeds from issuance of common stock, net (9) 66,324
Net cash provided by financing activities 12,446 44,643
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) 29
Net change in cash, cash equivalents and restricted cash (510) 21,290
Cash, cash equivalents, and restricted cash at beginning of period 26,175 5,493
Cash, cash equivalents, and restricted cash at end of period 25,665 26,783
Cash, Cash Equivalents and Restricted Cash at end of period    
Cash and cash equivalents 25,465 26,528
Restricted cash, current 200 255
Cash and cash equivalents at the end of period 25,665 26,783
Supplemental disclosure of cash flow information    
Cash paid for interest 1,863 1,863
Cash paid for income taxes, net 307 115
Non-cash transactions    
Purchases of property and equipment included in accounts payable 977 133
Paid-in-kind interest 191 319
Deemed dividend on warrants 0 389
Service Inventory    
Non-cash transactions    
Transfer of manufacturing industries (226) 890
Property And Equipment    
Non-cash transactions    
Transfer of manufacturing industries $ 143 $ 193