Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 37,404 $ 16,464
Restricted cash 143 139
Accounts receivable, net of allowance for credit losses of $100 and $99, respectively 48,445 52,502
Manufacturing inventories 18,507 20,336
Service parts inventories 1,523 2,098
Prepaid expenses 3,763 2,738
Other current assets 8,658 8,529
Total current assets 118,443 102,806
Property and equipment, net 11,025 11,378
Goodwill 12,969 12,969
Intangible assets, net 51 281
Right-of-use assets 8,314 8,580
Other long-term assets 18,352 19,388
Total assets 169,154 155,402
Current liabilities:    
Accounts payable 26,824 31,463
Accrued compensation 10,250 9,214
Deferred revenue, current portion 69,675 75,076
Accrued restructuring 1,779 786
Term debt 96,713 96,486
Revolving credit facility 0 26,600
Accrued Liabilities, Current 18,511 17,982
Total current liabilities 223,752 257,607
Deferred revenue, net of current portion 36,580 38,847
Operating lease liabilities 8,787 8,934
Other long-term liabilities 14,421 14,380
Total liabilities 283,540 319,768
Commitments and contingencies (Note 10)
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; 13,319 and 6,962 shares issued and outstanding 133 70
Additional paid-in capital 846,046 779,645
Accumulated deficit (959,677) (942,471)
Accumulated other comprehensive loss (888) (1,610)
Total stockholders’ deficit (114,386) (164,366)
Total liabilities and stockholders’ deficit $ 169,154 $ 155,402