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 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 70,469 $ 75,680 $ 141,812 $ 168,174
Cost of revenue:        
Total cost of revenue 41,201 42,944 86,410 99,798
Gross profit 29,268 32,736 55,402 68,376
Operating expenses:        
Sales and marketing 13,578 15,717 26,872 31,557
General and administrative 13,977 10,241 35,043 22,940
Research and development 8,264 9,152 16,572 20,065
Restructuring charges 383 1,338 1,574 2,667
Total operating expenses 36,202 36,448 80,061 77,229
Loss from operations (6,934) (3,712) (24,659) (8,853)
Other income (expense), net (1,334) 367 (1,375) (630)
Interest expense (6,131) (3,855) (9,921) (7,055)
Change in fair value of warrant liabilities 3,550 4,402 5,216 5,128
Loss on debt extinguishment (2,308) 0 (3,003) 0
Net loss before income taxes (13,157) (2,798) (33,742) (11,410)
Income tax provision 370 533 605 1,063
Net loss $ (13,527) $ (3,331) $ (34,347) $ (12,473)
Net loss per share attributable to common stockholders - basic (in dollars per share) $ (2.82) $ (0.70) $ (7.17) $ (2.64)
Net loss per share attributable to common stockholders - diluted (in dollars per share) $ (2.82) $ (0.70) $ (7.17) $ (2.64)
Weighted average shares - basic (in shares) 4,793 4,751 4,793 4,717
Weighted average shares - diluted (in shares) 4,793 4,751 4,793 4,717
Foreign currency translation adjustments, net $ 659 $ (720) $ 801 $ (471)
Total comprehensive loss (12,868) (4,051) (33,546) (12,944)
Product revenue        
Revenue:        
Total revenue 36,785 42,947 77,779 101,522
Cost of revenue:        
Total cost of revenue 29,774 30,719 62,330 75,170
Service and subscription        
Revenue:        
Total revenue 31,321 30,505 58,768 61,458
Cost of revenue:        
Total cost of revenue 11,427 12,225 24,080 24,628
Royalty        
Revenue:        
Total revenue $ 2,363 $ 2,228 $ 5,265 $ 5,194