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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Mar. 31, 2023
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 20 — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summary quarterly results for the years ended March 31, 2023 and March 31, 2022 are as follows:

 

 

 

Three Months Ended

 

 

 

 

 

 

Jun 30, 2022

 

 

Sep 30, 2022

 

 

Dec 31, 2022

 

 

March 31, 2023

 

 

Total

 

 

 

(in thousands, except per share amounts)

 

 

 

 

Total revenue

 

$

17,906

 

 

$

17,560

 

 

$

20,288

 

 

$

21,629

 

 

$

77,383

 

Gross profit

 

$

3,554

 

 

$

4,435

 

 

$

4,781

 

 

$

4,741

 

 

$

17,511

 

Net loss (1)

 

$

(2,835

)

 

$

(2,331

)

 

$

(24,059

)

 

$

(5,116

)

 

$

(34,341

)

Basic net loss per share (1)

 

$

(0.09

)

 

$

(0.07

)

 

$

(0.75

)

 

$

(0.16

)

 

$

(1.08

)

Shares used in basic per share calculation

 

 

31,138

 

 

 

31,031

 

 

 

32,048

 

 

 

32,294

 

 

 

31,704

 

Diluted net loss per share (1)

 

$

(0.09

)

 

$

(0.07

)

 

$

(0.75

)

 

$

(0.16

)

 

$

(1.08

)

Shares used in diluted per share calculation

 

 

31,138

 

 

 

31,031

 

 

 

32,048

 

 

 

32,294

 

 

 

31,704

 

 

 

 

Three Months Ended

 

 

 

 

 

 

Jun 30, 2021

 

 

Sep 30, 2021

 

 

Dec 31, 2021

 

 

Mar 31, 2022

 

 

Total

 

 

 

(in thousands, except per share amounts)

 

 

 

 

Total revenue

 

$

35,101

 

 

$

36,510

 

 

$

30,714

 

 

$

22,058

 

 

$

124,383

 

Gross profit

 

$

10,230

 

 

$

10,788

 

 

$

7,641

 

 

$

5,253

 

 

$

33,912

 

Net income (loss)

 

$

2,510

 

 

$

3,659

 

 

$

1,102

 

 

$

(1,180

)

 

$

6,091

 

Basic net income (loss) per share

 

$

0.08

 

 

$

0.12

 

 

$

0.04

 

 

$

(0.04

)

 

$

0.20

 

Shares used in basic per share calculation

 

 

30,860

 

 

 

31,031

 

 

 

31,085

 

 

 

31,097

 

 

 

31,018

 

Diluted net income (loss) per share

 

$

0.08

 

 

$

0.12

 

 

$

0.04

 

 

$

(0.04

)

 

$

0.19

 

Shares used in diluted per share calculation

 

 

31,290

 

 

 

31,288

 

 

 

31,235

 

 

 

31,097

 

 

 

31,295

 

 

(1)
Includes $17.8 million of tax expense related to the booking of the valuation allowance on deferred tax assets during the three months ended December 31, 2022.

The four quarters for net earnings per share may not add to the total year because of differences in the weighted average number of shares outstanding during the quarters and the year.