Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 17,287 $ 25,692
Restricted cash 256 168
Accounts receivable, net of allowance for credit losses of $99 and $22, respectively 61,364 67,788
Manufacturing inventories 18,467 17,753
Service parts inventories 8,513 9,783
Prepaid expenses 3,880 2,186
Other current assets 8,965 8,414
Total current assets 118,732 131,784
Property and equipment, net 10,988 12,028
Intangible assets, net 1,207 1,669
Goodwill 12,969 12,969
Right-of-use assets, net 9,344 9,425
Other long-term assets 19,849 19,740
Total assets 173,089 187,615
Current liabilities:    
Accounts payable 31,509 26,087
Accrued compensation 16,091 18,214
Deferred revenue, current portion 74,802 78,511
Term debt, current portion 5,000 82,496
Revolving credit facility 0 26,604
Warrant liabilities 3,163 4,046
Other accrued liabilities 25,043 13,986
Total current liabilities 155,608 249,944
Deferred revenue, net of current portion 36,759 38,176
Revolving credit facility 35,800 0
Long-term debt, net of current portion 65,132 0
Operating lease liabilities 9,464 9,621
Other long-term liabilities 11,577 11,372
Total liabilities 314,340 309,113
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; 95,850 and 95,850 shares issued and outstanding 959 959
Additional paid-in capital 708,041 707,116
Accumulated deficit (848,200) (827,380)
Accumulated other comprehensive loss (2,051) (2,193)
Total stockholders’ deficit (141,251) (121,498)
Total liabilities and stockholders’ deficit $ 173,089 $ 187,615