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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 20,288 $ 30,714 $ 55,754 $ 102,325
Cost of revenue 15,507 23,073 42,984 73,666
Gross profit 4,781 7,641 12,770 28,659
Operating expenses:        
General and administrative 3,984 2,873 11,683 8,737
Acquisition related costs 1,993 178 2,340 178
Sales and marketing 2,983 2,862 8,521 8,794
Research and development 409 396 1,374 1,169
Total operating expenses 9,369 6,309 23,918 18,878
(Loss) income from operations (4,588) 1,332 (11,148) 9,781
Other income (expense):        
Other income 0 0 0 1
Interest expense (64) (26) (97) (59)
Amortization of debt issue costs (16) (15) (47) (46)
Total other expense (80) (41) (144) (104)
(Loss) income before income tax (4,668) 1,291 (11,292) 9,677
Income tax expense 19,391 189 17,933 2,406
Net (loss) income $ (24,059) $ 1,102 $ (29,225) $ 7,271
Basic net (loss) income per share attributable to common shareholders $ (0.75) $ 0.04 $ (0.93) $ 0.23
Weighted-average common shares outstanding 32,047,755 31,084,710 31,510,547 30,992,475
Diluted net (loss) income per share $ (0.75) $ 0.04 $ (0.93) $ 0.23
Weighted-average common shares and share equivalents outstanding 32,047,755 31,234,925 31,510,547 31,273,703
Product revenue        
Revenues $ 15,399 $ 22,203 $ 41,715 $ 78,260
Cost of revenue 11,480 16,427 31,152 54,724
Service revenue        
Revenues 4,889 8,511 14,039 24,065
Cost of revenue $ 4,027 $ 6,646 $ 11,832 $ 18,942