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, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue:        
Total revenue $ 72,551 $ 71,926 $ 214,364 $ 240,099
Cost of revenue:        
Total cost of revenue 40,796 42,745 127,205 142,543
Gross profit 31,755 29,181 87,159 97,556
Operating expenses:        
Sales and marketing 12,448 14,244 39,321 45,800
General and administrative 14,142 11,893 49,186 34,833
Research and development 7,683 8,763 24,255 28,828
Restructuring charges 1,342 497 2,916 3,164
Total operating expenses 35,615 35,397 115,678 112,625
Loss from operations (3,860) (6,216) (28,519) (15,069)
Other income (expense), net 967 (1,419) (408) (2,049)
Interest expense (6,840) (3,937) (16,761) (10,992)
Change in fair value of warrant liabilities (61,630) 2,213 (56,414) 7,341
Loss on debt extinguishment 0 0 (3,003) 0
Net loss before income taxes (71,363) (9,359) (105,105) (20,769)
Income tax provision 70 510 675 1,573
Net loss $ (71,433) $ (9,869) $ (105,780) $ (22,342)
Net loss per share attributable to common stockholders - basic (in dollars per share) $ (14.56) $ (2.08) $ (21.90) $ (4.74)
Net loss per share attributable to common stockholders - diluted (in dollars per share) $ (14.56) $ (2.08) $ (21.90) $ (4.74)
Weighted average shares - basic (in shares) 4,907 4,751 4,831 4,717
Weighted average shares - diluted (in shares) 4,907 4,751 4,831 4,717
Foreign currency translation adjustments, net $ (1,077) $ 1,465 $ (276) $ 994
Total comprehensive loss (72,510) (8,404) (106,056) (21,348)
Product revenue        
Revenue:        
Total revenue 38,610 37,113 116,389 138,635
Cost of revenue:        
Total cost of revenue 30,922 30,044 93,251 105,214
Service and subscription        
Revenue:        
Total revenue 31,615 32,771 90,383 94,229
Cost of revenue:        
Total cost of revenue 9,874 12,701 33,954 37,329
Royalty        
Revenue:        
Total revenue $ 2,326 $ 2,042 $ 7,592 $ 7,235