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 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenue:        
Total revenue $ 71,926 $ 113,475 $ 240,099 $ 312,873
Cost of revenue:        
Total cost of revenue 42,745 70,907 142,543 205,239
Gross profit 29,181 42,568 97,556 107,634
Operating expenses:        
Sales and marketing 14,244 16,339 45,800 47,894
General and administrative 11,893 10,969 34,833 35,223
Research and development 8,763 11,254 28,828 33,925
Restructuring charges 497 (41) 3,164 1,605
Total operating expenses 35,397 38,521 112,625 118,647
Income (loss) from operations (6,216) 4,047 (15,069) (11,013)
Other income (expense), net (1,419) (544) (2,049) 2,638
Interest expense (3,937) (2,701) (10,992) (7,537)
Change in fair value of warrant liabilities 2,213 4 7,341 10,678
Loss on debt extinguishment 0 0 0 (1,392)
Net income (loss) before income taxes (9,359) 806 (20,769) (6,626)
Income tax provision 510 693 1,573 1,564
Net income (loss) $ (9,869) $ 113 $ (22,342) $ (8,190)
Net income (loss) per share - basic (in dollars per share) $ (0.10) $ 0.00 $ (0.24) $ (0.10)
Net income (loss) per share - diluted (in dollars per share) $ (0.10) $ 0.00 $ (0.24) $ (0.18)
Weighted average shares - basic (in shares) 95,806 92,752 94,834 89,335
Weighted average shares - diluted (in shares) 95,806 92,752 94,834 90,440
Foreign currency translation adjustments, net $ 1,465 $ 1,480 $ 994 $ (1,094)
Total comprehensive income (loss) (8,404) 1,593 (21,348) (9,284)
Product revenue        
Revenue:        
Total revenue 37,113 77,494 138,635 203,192
Cost of revenue:        
Total cost of revenue 30,044 58,528 105,214 163,010
Service and subscription        
Revenue:        
Total revenue 32,771 33,155 94,229 99,937
Cost of revenue:        
Total cost of revenue 12,701 12,379 37,329 42,229
Royalty        
Revenue:        
Total revenue $ 2,042 $ 2,826 $ 7,235 $ 9,744