Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 24,377 $ 25,963
Restricted cash 172 212
Accounts receivable, net of allowance for credit losses of $21 and $201, respectively 60,020 72,464
Manufacturing inventories 20,409 19,441
Service parts inventories 25,423 25,304
Prepaid expenses 3,763 4,158
Other current assets 7,224 5,513
Total current assets 141,388 153,055
Property and equipment, net 13,251 16,555
Intangible assets, net 1,986 4,941
Goodwill 12,969 12,969
Right-of-use assets, net 9,625 10,291
Other long-term assets 19,986 15,846
Total assets 199,205 213,657
Current liabilities:    
Accounts payable 22,426 35,716
Accrued compensation 15,286 15,710
Deferred revenue, current portion 73,240 79,807
Term debt, current portion 82,587 5,000
Revolving credit facility 32,000 0
Warrant liabilities 1,843 7,989
Other accrued liabilities 13,854 13,666
Total current liabilities 241,236 157,888
Deferred revenue, net of current portion 37,281 35,495
Revolving credit facility 0 16,750
Long-term debt, net of current portion 0 66,354
Operating lease liabilities 9,885 10,169
Other long-term liabilities 12,734 11,370
Total liabilities 301,136 298,026
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 93,574 shares issued and outstanding 959 936
Additional paid-in capital 706,133 702,370
Accumulated deficit (808,436) (786,094)
Accumulated other comprehensive loss (587) (1,581)
Total stockholders’ deficit (101,931) (84,369)
Total liabilities and stockholders’ deficit $ 199,205 $ 213,657