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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Assets    
Cash and cash equivalents $ 4,967 $ 15,992
Accounts receivable, net 15,714 13,728
Revenue earned but not billed 1,692 1,320
Inventories, net 20,843 18,205
Prepaid expenses and other current assets 2,472 1,116
Total current assets 45,688 50,361
Property and equipment, net 10,026 10,470
Goodwill 1,484 1,484
Other intangible assets, net 5,191 6,004
Other long-term assets 3,021 3,260
Total assets 65,410 71,579
Liabilities and Shareholders’ Equity    
Accounts payable 18,866 13,405
Accrued expenses and other 11,657 10,552
Deferred revenue, current 172 480
Current maturities of long-term debt 7 17
Total current liabilities 30,702 24,454
Revolving credit facility 10,000 10,000
Long-term debt, less current maturities 0 3
Deferred revenue, long-term 432 489
Other long-term liabilities 3,618 3,384
Total liabilities 44,752 38,330
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at December 31, 2023 and March 31, 2023; no shares issued and outstanding at December 31, 2023 and March 31, 2023 0 0
Common stock, no par value: Shares authorized: 200,000,000 at December 31, 2023 and March 31, 2023; shares issued: 42,021,341 at December 31, 2023 and 41,767,092 at March 31, 2023; shares outstanding: 32,551,737 at December 31, 2023 and 32,295,408 at March 31, 2023 0 0
Additional paid-in capital 161,594 160,907
Treasury stock, common shares: 9,469,604 at December 31, 2023 and 9,471,684 at March 31, 2023 (36,234) (36,237)
Retained deficit (104,702) (91,421)
Total shareholders’ equity 20,658 33,249
Total liabilities and shareholders’ equity $ 65,410 $ 71,579