Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 25,574 $ 25,963
Restricted cash 180 212
Accounts receivable, net of allowance for credit losses of $26 and $201, respectively 51,529 72,464
Manufacturing inventories 21,376 19,441
Service parts inventories 25,880 25,304
Prepaid expenses 4,149 4,158
Other current assets 5,389 5,513
Total current assets 134,077 153,055
Property and equipment, net 14,621 16,555
Intangible assets, net 2,819 4,941
Goodwill 12,969 12,969
Right-of-use assets, net 9,844 10,291
Other long-term assets 20,474 15,846
Total assets 194,804 213,657
Current liabilities:    
Accounts payable 26,946 35,716
Accrued compensation 13,746 15,710
Deferred revenue, current portion 70,696 79,807
Term debt, current portion 82,681 5,000
Revolving credit facility 21,450 0
Warrant liabilities 4,056 7,989
Other accrued liabilities 11,724 13,666
Total current liabilities 231,299 157,888
Deferred revenue, net of current portion 35,337 35,495
Revolving credit facility 0 16,750
Term debt, net of current portion 0 66,354
Operating lease liabilities 10,079 10,169
Other long-term liabilities 12,522 11,370
Total liabilities 289,237 298,026
Commitments and contingencies (Note 10)
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; 95,519 and 93,574 shares issued and outstanding 956 936
Additional paid-in capital 705,230 702,370
Accumulated deficit (798,567) (786,094)
Accumulated other comprehensive loss (2,052) (1,581)
Total stockholders’ deficit (94,433) (84,369)
Total liabilities and stockholders’ deficit $ 194,804 $ 213,657