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, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,381 $ 25,692
Restricted cash 222 168
Accounts receivable, net of allowance for credit losses of $99 and $22, respectively 61,373 67,788
Manufacturing inventories 18,861 17,753
Service parts inventories 1,884 9,783
Prepaid expenses 2,569 2,186
Other current assets 8,538 8,414
Total current assets 113,828 131,784
Property and equipment, net 11,268 12,028
Goodwill 12,969 12,969
Intangible assets, net 509 1,669
Right-of-use assets 8,670 9,425
Other long-term assets 20,812 19,740
Total assets 168,056 187,615
Current liabilities:    
Accounts payable 34,704 26,087
Accrued compensation 11,702 18,214
Deferred revenue, current portion 69,916 78,511
Term debt 98,609 82,496
Revolving credit facility 37,500 26,604
Warrant liabilities 34,005 4,046
Other accrued liabilities 19,108 13,986
Total current liabilities 305,544 249,944
Deferred revenue, net of current portion 35,350 38,176
Operating lease liabilities 9,067 9,621
Other long-term liabilities 13,150 11,372
Total liabilities 363,111 309,113
Commitments and contingencies (Note 11)
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; 5,307 and 4,792 shares issued and outstanding 53 48
Additional paid-in capital 740,521 708,027
Accumulated deficit (933,160) (827,380)
Accumulated other comprehensive loss (2,469) (2,193)
Total stockholders’ deficit (195,055) (121,498)
Total liabilities and stockholders’ deficit $ 168,056 $ 187,615