Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 54,449 $ 15,572
Restricted cash 141 662
Accounts receivable, net of allowance for credit losses of $3,778 and $3,234, respectively 66,659 69,650
Inventories 15,195 16,103
Prepaid expenses 4,717 2,431
Other current assets 7,557 8,068
Total current assets 148,720 112,486
Property and equipment, net 9,054 9,284
Goodwill 12,969 12,969
Right-of-use assets, net 7,275 7,416
Other long-term assets 13,879 14,737
Total assets 191,897 156,892
Current liabilities:    
Accounts payable 26,663 29,342
Accrued compensation 10,120 12,428
Deferred revenue, current portion 76,158 75,654
Term debt 0 54,811
Warrant liabilities 31,690 14,105
Other current liabilities 15,327 19,457
Total current liabilities 159,959 205,797
Deferred revenue, net of current portion 38,980 39,030
Convertible note 0 90,034
Operating lease liabilities 7,979 8,172
Other long-term liabilities 12,805 12,716
Total liabilities 219,722 355,749
Commitments and contingencies (Note 10)
Preferred stock:    
Preferred stock, 20,000 shares authorized; no shares issued as of June 30, 2026 and March 31, 2026, respectively 0  
Common stock:    
Common stock, $0.01 par value; 225,000 shares authorized; 39,375 and 14,638 shares issued and outstanding at June 30, 2026 and March 31, 2026, respectively 393 146
Additional paid-in capital 1,171,684 853,974
Accumulated deficit (1,198,810) (1,043,517)
Accumulated other comprehensive loss (1,092) (9,460)
Total stockholders' deficit (27,825) (198,857)
Total liabilities and stockholders' deficit $ 191,897 $ 156,892