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
 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (12,473) $ (8,303)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 5,295 5,133
Amortization of debt issuance costs 1,234 768
Loss on debt extinguishment 0 992
Provision for product and service inventories 892 9,946
Stock-based compensation 2,831 5,357
Change in fair value of warrant liabilities (5,127) (10,675)
Other non-cash 826 (2,918)
Changes in assets and liabilities:    
Accounts receivable, net 21,109 8,264
Manufacturing inventories (2,070) 416
Service parts inventories (1,505) (1,971)
Prepaid expenses 8 (1,208)
Accounts payable (9,073) 293
Accrued restructuring charges 0 115
Accrued compensation (1,946) (2,949)
Deferred revenue (9,269) (20,933)
Other current assets 115 (486)
Other non-current assets (2,354) (349)
Other current liabilities (1,602) 769
Other non-current liabilities 1,764 (196)
Net cash used in operating activities (11,345) (17,935)
Investing activities    
Purchases of property and equipment (3,925) (7,795)
Deferred business acquisition payment 0 (2,000)
Net cash used in investing activities (3,925) (9,795)
Financing activities    
Borrowings of long-term debt, net of debt issuance costs 14,083 0
Repayments of long-term debt (3,247) (22,096)
Borrowings of credit facility 217,084 229,605
Repayments of credit facility (213,082) (226,240)
Proceeds from issuance of common stock, net 0 66,723
Net cash provided by financing activities 14,838 47,992
Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 166
Net change in cash, cash equivalents and restricted cash (421) 20,428
Cash, cash equivalents, and restricted cash at beginning of period 26,175 5,493
Cash, cash equivalents, and restricted cash at end of period 25,754 25,921
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the statement of cash flows:    
Cash and cash equivalents 25,574 25,698
Restricted cash, current 180 223
Cash and cash equivalents at the end of period 25,754 25,921
Supplemental disclosure of cash flow information    
Cash paid for interest 6,079 4,114
Cash paid for income taxes, net 831 465
Non-cash transactions    
Purchases of property and equipment included in accounts payable 689 548
Paid-in-kind interest 777 319
Service Inventory    
Non-cash transactions    
Transfer of Inventory (218) 1,905
Property and Equipment    
Non-cash transactions    
Transfer of Inventory $ 172 $ 279