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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Assets    
Cash and cash equivalents $ 8,142 $ 14,466
Accounts receivable, net 13,688 11,899
Revenue earned but not billed 3,107 2,421
Inventories, net 19,305 19,832
Prepaid expenses and other current assets 2,347 2,631
Total current assets 46,589 51,249
Property and equipment, net 10,679 11,466
Goodwill 1,425 350
Other intangible assets, net 6,184 2,404
Deferred tax assets 0 17,805
Other long-term assets 3,450 3,543
Total assets 68,327 86,817
Liabilities and Shareholders’ Equity    
Accounts payable 13,458 9,855
Accrued expenses and other 8,415 8,427
Deferred revenue, current 174 76
Current maturities of long-term debt 16 16
Total current liabilities 22,063 18,374
Revolving credit facility 5,000 0
Long-term debt, less current maturities 7 19
Deferred revenue, long-term 507 564
Other long-term liabilities 2,597 2,760
Total liabilities 30,174 21,717
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at December 31, 2022 and March 31, 2022; no shares issued and outstanding at December 31, 2022 and March 31, 2022 0 0
Common stock, no par value: Shares authorized: 200,000,000 at December 31, 2022 and March 31, 2022; shares issued: 41,764,220 at December 31, 2022 and 40,570,909 at March 31, 2022; shares outstanding: 32,291,974 at December 31, 2022 and 31,097,872 at March 31, 2022 0 0
Additional paid-in capital 160,696 158,419
Treasury stock, common shares: 9,472,246 at December 31, 2022 and 9,473,037 at March 31, 2022 (36,238) (36,239)
Retained deficit (86,305) (57,080)
Total shareholders’ equity 38,153 65,100
Total liabilities and shareholders’ equity $ 68,327 $ 86,817