| BALANCE SHEET INFORMATION |
BALANCE SHEET INFORMATION Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands):
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| Manufacturing inventories |
March 31, |
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2026 |
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2025 |
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| Manufactured finished goods |
$ |
5,887 |
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$ |
10,471 |
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| Work in progress |
990 |
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|
380 |
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| Raw materials |
8,508 |
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9,485 |
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| Service parts Inventories |
718 |
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2,098 |
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| Total manufacturing inventories |
$ |
16,103 |
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$ |
22,434 |
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| Property and equipment, net |
March 31, |
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2026 |
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2025 |
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| Machinery and equipment, and software |
$ |
48,298 |
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$ |
47,385 |
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| Leasehold improvements |
13,645 |
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13,529 |
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| Furniture and fixtures |
1,169 |
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1,095 |
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63,112 |
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62,009 |
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| Less: accumulated depreciation |
(53,828) |
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(50,631) |
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| Total property, plant and equipment, net |
$ |
9,284 |
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$ |
11,378 |
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Depreciation expense for property and equipment was $3.1 million and $4.2 million for the years ended March 31, 2026 and 2025, respectively.
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| Intangible assets, net |
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March 31, 2026 |
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March 31, 2025 |
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Gross |
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Accumulated Amortization |
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Net |
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Gross |
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Accumulated Amortization |
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Net |
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| Developed technology |
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$ |
9,013 |
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$ |
(9,013) |
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$ |
— |
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$ |
9,013 |
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$ |
(9,013) |
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$ |
— |
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| Customer lists |
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4,398 |
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(4,398) |
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— |
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4,398 |
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(4,117) |
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281 |
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| Intangible assets, net |
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$ |
13,411 |
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$ |
(13,411) |
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$ |
— |
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$ |
13,411 |
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$ |
(13,130) |
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$ |
281 |
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Intangible assets amortization expense was $0.3 million and $1.4 million for the years ended March 31, 2026 and 2025, respectively. As of March 31, 2026, the intangible assets were fully amortized. The Company recorded amortization of developed technology in cost of product revenue, and customer lists in sales and marketing expenses in the consolidated statements of operations and comprehensive loss.
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| Goodwill |
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Amount |
| Balance at March 31, 2024 |
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$ |
12,969 |
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| Goodwill acquired |
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— |
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Balance at March 31, 2025 |
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12,969 |
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| Goodwill acquired |
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— |
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Balance at March 31, 2026 |
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$ |
12,969 |
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| Other long-term assets |
March 31, |
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2026 |
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2025 |
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| Capitalized SaaS implementation costs for internal use |
$ |
12,063 |
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$ |
13,910 |
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| Capitalized debt costs |
— |
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2,871 |
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| Deferred taxes |
1,062 |
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|
705 |
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| Contract cost asset |
994 |
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1,144 |
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| Other |
618 |
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|
758 |
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| Total other long-term assets |
$ |
14,737 |
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$ |
19,388 |
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| Other accrued liabilities |
March 31, |
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2026 |
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2025 |
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Accrued expenses |
$ |
7,456 |
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$ |
7,947 |
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Accrued interest |
2,827 |
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350 |
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Accrued supplier owned inventory obsolescence |
2,057 |
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1,302 |
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Accrued income taxes |
1,153 |
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528 |
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Accrued warranty |
772 |
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1,032 |
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| Lease liability |
799 |
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856 |
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| Accrued product returns |
783 |
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818 |
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Other |
3,610 |
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5,149 |
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| Total other accrued liabilities |
$ |
19,457 |
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$ |
17,982 |
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The following table details the change in the accrued warranty balance (in thousands):
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Year Ended March 31, |
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2026 |
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2025 |
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| Balance as of April 1 |
$ |
1,032 |
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$ |
1,545 |
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| Current period accruals |
2,645 |
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2,333 |
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| Adjustments to prior estimates |
(23) |
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46 |
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| Charges incurred |
(2,758) |
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(2,735) |
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| Reclassification to long-term warranty |
(124) |
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(157) |
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| Balance as of March 31 |
$ |
772 |
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$ |
1,032 |
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