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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 25,971 $ 20,288 $ 64,170 $ 55,754
Cost of revenue 19,604 15,507 50,063 42,984
Gross profit 6,367 4,781 14,107 12,770
Operating expenses:        
General and administrative 4,910 5,484 15,689 13,183
Acquisition related costs 0 493 56 840
Sales and marketing 3,170 2,983 9,778 8,521
Research and development 349 409 1,211 1,374
Total operating expenses 8,429 9,369 26,734 23,918
Loss from operations (2,062) (4,588) (12,627) (11,148)
Other income (expense):        
Other income 25 0 37 0
Interest expense (193) (64) (561) (97)
Amortization of debt issue costs (25) (16) (74) (47)
Interest income 0 0 2 0
Total other expense (193) (80) (596) (144)
Loss before income tax (2,255) (4,668) (13,223) (11,292)
Income tax expense 1 19,391 58 17,933
Net loss $ (2,256) $ (24,059) $ (13,281) $ (29,225)
Basic net loss per share attributable to common shareholders $ (0.07) $ (0.75) $ (0.41) $ (0.93)
Weighted-average common shares outstanding 32,531,563 32,047,755 32,460,398 31,510,547
Diluted net loss per share $ (0.07) $ (0.75) $ (0.41) $ (0.93)
Weighted-average common shares and share equivalents outstanding 32,531,563 32,047,755 32,460,398 31,510,547
Product revenue        
Revenues $ 17,007 $ 15,399 $ 46,266 $ 41,715
Cost of revenue 12,302 11,480 33,258 31,152
Service revenue        
Revenues 8,964 4,889 17,904 14,039
Cost of revenue $ 7,302 $ 4,027 $ 16,805 $ 11,832