Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Revenue $ 89,912 $ 111,786 $ 197,424 $ 226,381
Total cost of revenue 54,385 66,467 115,558 132,224
Gross profit 35,527 45,319 81,866 94,157
Operating expenses:        
Research and development 7,862 10,190 16,123 20,795
Sales and marketing 16,682 25,824 35,807 52,902
General and administrative 14,072 11,506 33,461 23,930
Restructuring charges 294 70 4,201 1,701
Total operating expenses 38,910 47,590 89,592 99,328
Loss from operations (3,383) (2,271) (7,726) (5,171)
Other (income) expense, net:        
Interest expense, net 4,636 2,638 8,571 5,217
Loss on debt extinguishment 12,425 39 12,425 39
Other (income) expense, net 196 (77) (24) (175)
Net loss before income taxes (20,640) (4,871) (28,698) (10,252)
Income tax expense (benefit) 977 228 402 (1,034)
Net loss $ (21,617) $ (5,099) $ (29,100) $ (9,218)
Loss per share - basic and diluted $ (0.61) $ (0.15) $ (0.82) $ (0.27)
Weighted-average shares outstanding – basic and diluted 35,502 34,580 35,473 34,338
Net loss $ (21,617) $ (5,099) $ (29,100) $ (9,218)
Other comprehensive income (loss), net of tax:        
Change in foreign currency translation adjustments (86) 436 (969) 786
Total comprehensive loss (21,703) (4,663) (30,069) (8,432)
Product [Member]        
Revenue        
Revenue 51,622 67,596 118,491 137,079
Total cost of revenue 41,319 51,602 86,757 102,282
Service [Member]        
Revenue        
Revenue 33,352 34,910 66,916 70,027
Total cost of revenue 13,066 14,865 28,801 29,942
Royalty [Member]        
Revenue        
Revenue $ 4,938 $ 9,280 $ 12,017 $ 19,275