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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 20,586 $ 17,560 $ 38,199 $ 35,466
Cost of revenue 16,017 13,125 30,459 27,477
Gross profit 4,569 4,435 7,740 7,989
Operating expenses:        
General and administrative 5,040 3,945 10,779 7,699
Acquisition related costs 3 333 56 347
Sales and marketing 3,312 2,649 6,608 5,538
Research and development 382 451 862 965
Total operating expenses 8,737 7,378 18,305 14,549
Loss from operations (4,168) (2,943) (10,565) (6,560)
Other income (expense):        
Other income 12 1 12 0
Interest expense (192) (16) (368) (33)
Amortization of debt issue costs (25) (16) (49) (31)
Interest income 0 0 2 0
Total other expense (205) (31) (403) (64)
Loss before income tax (4,373) (2,974) (10,968) (6,624)
Income tax expense 15 (643) 57 (1,458)
Net loss $ (4,388) $ (2,331) $ (11,025) $ (5,166)
Basic net loss per share attributable to common shareholders $ (0.14) $ (0.07) $ (0.34) $ (0.17)
Weighted-average common shares outstanding 32,502,566 31,330,030 32,424,623 31,240,475
Diluted net loss per share $ (0.14) $ (0.07) $ (0.34) $ (0.17)
Weighted-average common shares and share equivalents outstanding 32,502,566 31,330,030 32,424,623 31,240,475
Product revenue        
Revenues $ 15,588 $ 12,833 $ 29,259 $ 26,316
Cost of revenue 10,897 9,287 20,956 19,672
Service revenue        
Revenues 4,998 4,727 8,940 9,150
Cost of revenue $ 5,120 $ 3,838 $ 9,503 $ 7,805