Quarterly report [Sections 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, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenue:        
Total revenue $ 74,586 $ 68,684 $ 201,587 $ 212,797
Cost of revenue:        
Total cost of revenue 45,654 40,796 126,391 127,205
Gross profit 28,932 27,888 75,196 85,592
Operating expenses:        
Sales and marketing 12,977 12,448 37,451 39,321
General and administrative 10,045 14,142 34,621 49,186
Research and development 5,573 7,683 17,926 24,255
Restructuring charges 1,525 1,342 7,141 2,916
Total operating expenses 30,120 35,615 97,139 115,678
Income (loss) from operations (1,188) (7,727) (21,943) (30,086)
Other income (expense), net (387) 960 (1,261) (429)
Interest income 42 7 301 21
Interest expense (5,933) (6,840) (18,675) (16,761)
Change in fair value of warrant liabilities 7,560 (61,630) 9,085 (56,414)
Change in fair value of Convertible Note 1,599 0 1,599 0
Loss on debt extinguishment (28,946) 0 (59,641) (3,003)
Loss before income taxes (27,253) (75,230) (90,535) (106,672)
Income tax provision 590 70 970 675
Net loss $ (27,843) $ (75,300) $ (91,505) $ (107,347)
Net loss per share - basic (in dollars per share) $ (2.03) $ (15.35) $ (7.58) $ (22.22)
Net loss per share - diluted (in dollars per share) $ (2.03) $ (15.35) $ (7.58) $ (22.22)
Weighted average shares - basic (in shares) 13,689 4,907 12,077 4,831
Weighted average shares - diluted (in shares) 13,689 4,907 12,077 4,831
Foreign currency translation adjustments, net $ 44 $ (1,077) $ 704 $ (276)
Total comprehensive loss (27,799) (76,377) (90,801) (107,623)
Product        
Revenue:        
Total revenue 46,471 38,634 119,375 120,565
Cost of revenue:        
Total cost of revenue 35,611 30,922 95,104 93,251
Service and subscription        
Revenue:        
Total revenue 26,520 27,724 77,082 84,640
Cost of revenue:        
Total cost of revenue 10,043 9,874 31,287 33,954
Royalty        
Revenue:        
Total revenue $ 1,595 $ 2,326 $ 5,130 $ 7,592