Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Revenue:    
Total revenue $ 71,343 $ 92,495
Cost of revenue:    
Total cost of revenue 45,208 56,854
Gross profit 26,135 35,641
Operating expenses:    
Sales and marketing 13,295 15,839
General and administrative 21,065 12,699
Research and development 8,308 10,913
Restructuring charges 1,192 1,329
Total operating expenses 43,860 40,780
Loss from operations (17,725) (5,139)
Other expense (41) (998)
Interest expense (3,790) (3,201)
Change in fair value of warrant liabilities 1,666 726
Loss on debt extinguishment, net (695) 0
Net loss before income taxes (20,585) (8,612)
Income tax provision 235 530
Net loss $ (20,820) $ (9,142)
Net loss per share - basic (in dollars per share) $ (0.22) $ (0.10)
Net loss per share - diluted (in dollars per share) $ (0.22) $ (0.10)
Weighted average shares - basic (in shares) 95,850 93,673
Weighted average shares - diluted (in shares) 95,850 93,711
Foreign currency translation adjustments, net $ 142 $ 249
Total comprehensive loss (20,678) (8,893)
Product    
Revenue:    
Total revenue 40,994 58,577
Cost of revenue:    
Total cost of revenue 32,555 44,451
Service and subscription    
Revenue:    
Total revenue 27,447 30,953
Cost of revenue:    
Total cost of revenue 12,653 12,403
Royalty    
Revenue:    
Total revenue $ 2,902 $ 2,965