Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 67,416 $ 15,572
Restricted cash 79 662
Accounts receivable, net of allowance for credit losses of $3,733 and $3,234, respectively 70,725 69,650
Inventories, net 21,907 16,103
Prepaid expenses 4,739 2,431
Other current assets 8,279 8,068
Total current assets 173,145 112,486
Property and equipment, net 8,675 9,284
Goodwill 12,969 12,969
Right-of-use assets, net 7,075 7,416
Other long-term assets 13,336 14,737
Total assets 215,200 156,892
Current liabilities:    
Accounts payable 36,419 29,342
Accrued compensation 11,100 12,428
Deferred revenue, current portion 75,156 75,654
Term debt 0 54,811
Warrant liabilities 83,255 14,105
Other current liabilities 18,651 19,457
Total current liabilities 224,581 205,797
Deferred revenue, net of current portion 42,300 39,030
Convertible note 0 90,034
Operating lease liabilities 7,799 8,172
Other long-term liabilities 12,734 12,716
Total liabilities 287,414 355,749
Commitments and contingencies (Note 10)
Preferred stock:    
Preferred stock, 20,000 shares authorized; no shares issued as of September 30, 2026 and March 31, 2026, respectively 0 0
Common stock:    
Common stock, $0.01 par value; 225,000 shares authorized; 39,541 and 14,638 shares issued and outstanding at September 30, 2026 and March 31, 2026, respectively 395 146
Additional paid-in capital 1,172,297 853,974
Accumulated deficit (1,243,660) (1,043,517)
Accumulated other comprehensive loss (1,246) (9,460)
Total stockholders' deficit (72,214) (198,857)
Total liabilities and stockholders' deficit $ 215,200 $ 156,892