Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Total revenue $ 62,715 $ 71,846 $ 127,002 $ 144,111
Cost of revenue:        
Total cost of revenue 39,163 41,201 80,736 86,410
Gross profit 23,552 30,645 46,266 57,701
Operating expenses:        
Sales and marketing 11,819 13,578 24,474 26,873
General and administrative 11,006 13,977 24,576 35,042
Research and development 5,692 8,264 12,353 16,572
Restructuring charges 3,193 383 5,616 1,574
Total operating expenses 31,710 36,202 67,019 80,061
Loss from operations (8,158) (5,557) (20,753) (22,360)
Other income (expense), net (185) (1,334) (616) (1,375)
Interest expense (6,227) (6,131) (12,743) (9,921)
Change in fair value of warrant liabilities 1,525 3,550 1,525 5,216
Loss on debt extinguishment (33,254) (2,308) (30,695) (3,003)
Loss before income taxes (46,299) (11,780) (63,282) (31,443)
Income tax provision 157 370 380 605
Net loss $ (46,456) $ (12,150) $ (63,662) $ (32,048)
Net loss per share - basic (in dollars per share) $ (3.49) $ (2.54) $ (5.65) $ (6.69)
Net loss per share - diluted (in dollars per share) $ (3.49) $ (2.54) $ (5.65) $ (6.69)
Weighted average shares - basic (in shares) 13,322 4,792 11,266 4,792
Weighted average shares - diluted (in shares) 13,322 4,792 11,266 4,792
Foreign currency translation adjustments, net $ (62) $ 659 $ 660 $ 801
Total comprehensive loss (46,518) (11,491) (63,002) (31,247)
Product        
Revenue:        
Total revenue 35,368 39,278 72,905 81,931
Cost of revenue:        
Total cost of revenue 28,748 29,774 59,493 62,330
Service and subscription        
Revenue:        
Total revenue 25,620 30,205 50,563 56,915
Cost of revenue:        
Total cost of revenue 10,415 11,427 21,243 24,080
Royalty        
Revenue:        
Total revenue $ 1,727 $ 2,363 $ 3,534 $ 5,265