Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Details)

v3.24.2.u1
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 75,680 $ 100,565 $ 168,174 $ 199,398
Cost of revenue:        
Total cost of revenue 42,944 71,306 99,798 134,332
Gross profit 32,736 29,259 68,376 65,066
Operating expenses:        
Sales and marketing 15,717 15,593 31,557 31,555
General and administrative 10,241 11,940 22,940 24,254
Research and development 9,152 10,546 20,065 22,671
Restructuring charges 1,338 921 2,667 1,646
Total operating expenses 36,448 39,000 77,229 80,126
Loss from operations (3,712) (9,741) (8,853) (15,060)
Other income, net 367 2,431 (630) 3,182
Interest expense (3,855) (2,745) (7,055) (4,836)
Change in fair value of warrant liabilities 4,402 3,092 5,128 10,675
Loss on debt extinguishment, net 0 0 0 (1,392)
Net loss before income taxes (2,798) (6,963) (11,410) (7,431)
Income tax provision 533 461 1,063 872
Net loss (3,331) (7,424) (12,473) (8,303)
Deemed dividend on warrants   0   0
Net income (loss) attributable to common stockholders $ (3,331) $ (7,424) $ (12,473) $ (8,303)
Net income (loss) per share attributable to common stockholders - basic (in dollars per share) $ (0.04) $ (0.08) $ (0.13) $ (0.09)
Net income (loss) per share attributable to common stockholders - Diluted (in dollars per share) $ (0.04) $ (0.10) $ (0.13) $ (0.18)
Weighted average shares - basic (in shares) 95,010 91,550 94,345 87,617
Weighted average shares - diluted (in shares) 95,010 92,773 94,345 89,315
Foreign currency translation adjustments, net $ (720) $ (1,298) $ (471) $ (2,574)
Total comprehensive loss (4,051) (8,722) (12,944) (10,877)
Product revenue        
Revenue        
Total revenue 42,947 64,110 101,522 125,698
Cost of revenue:        
Total cost of revenue 30,719 56,561 75,170 104,482
Service and subscription        
Revenue        
Total revenue 30,505 32,977 61,458 66,782
Cost of revenue:        
Total cost of revenue 12,225 14,745 24,628 29,850
Royalty        
Revenue        
Total revenue $ 2,228 3,478 $ 5,194 6,918
As previously reported        
Revenue        
Total revenue   99,137    
Cost of revenue:        
Total cost of revenue   71,306    
Gross profit   27,831    
Operating expenses:        
Sales and marketing   15,593    
General and administrative   11,940    
Research and development   10,546    
Restructuring charges   921    
Total operating expenses   39,000    
Loss from operations   (11,169)    
Other income, net   2,431    
Interest expense   (2,745)    
Change in fair value of warrant liabilities   0   0
Loss on debt extinguishment, net   0    
Net loss before income taxes   (11,483)    
Income tax provision   461    
Net loss   (11,944)   (22,164)
Deemed dividend on warrants   0   (389)
Net income (loss) attributable to common stockholders   $ (11,944)    
Net income (loss) per share attributable to common stockholders - basic (in dollars per share)   $ (0.13)    
Net income (loss) per share attributable to common stockholders - Diluted (in dollars per share)   $ (0.13)    
Weighted average shares - basic (in shares)   91,550    
Weighted average shares - diluted (in shares)   91,550    
Foreign currency translation adjustments, net   $ (1,298)    
Total comprehensive loss   (13,242)    
As previously reported | Product revenue        
Revenue        
Total revenue   62,967    
Cost of revenue:        
Total cost of revenue   56,561    
As previously reported | Service and subscription        
Revenue        
Total revenue   32,692    
Cost of revenue:        
Total cost of revenue   14,745    
As previously reported | Royalty        
Revenue        
Total revenue   3,478    
Adjustments        
Revenue        
Total revenue   1,428    
Cost of revenue:        
Total cost of revenue   0    
Gross profit   1,428    
Operating expenses:        
Sales and marketing   0    
General and administrative   0    
Research and development   0    
Restructuring charges   0    
Total operating expenses   0    
Loss from operations   1,428    
Other income, net   0    
Interest expense   0    
Change in fair value of warrant liabilities   3,092   10,675
Loss on debt extinguishment, net   0    
Net loss before income taxes   4,520    
Income tax provision   0    
Net loss   4,520   13,861
Deemed dividend on warrants   0   $ 389
Net income (loss) attributable to common stockholders   $ 4,520    
Net income (loss) per share attributable to common stockholders - basic (in dollars per share)   $ 0.05    
Net income (loss) per share attributable to common stockholders - Diluted (in dollars per share)   $ 0.03    
Weighted average shares - basic (in shares)   91,550    
Weighted average shares - diluted (in shares)   92,773    
Foreign currency translation adjustments, net   $ 0    
Total comprehensive loss   4,520    
Adjustments | Product revenue        
Revenue        
Total revenue   1,143    
Cost of revenue:        
Total cost of revenue   0    
Adjustments | Service and subscription        
Revenue        
Total revenue   285    
Cost of revenue:        
Total cost of revenue   0    
Adjustments | Royalty        
Revenue        
Total revenue   $ 0