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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (13,281) $ (29,225)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 1,067 974
Amortization of intangible assets 813 373
Stock-based compensation 681 1,435
Amortization of debt issue costs 74 47
Deferred income tax 0 17,804
Loss on sale of property and equipment 84 10
Provision for inventory reserves 325 407
Provision for credit losses 170 25
Other 1 150
Changes in operating assets and liabilities:    
Accounts receivable (2,156) (431)
Revenue earned but not billed (372) (321)
Inventories (2,963) 1,001
Prepaid expenses and other assets (1,189) 609
Accounts payable 5,506 2,418
Accrued expenses and other 1,337 (566)
Deferred revenue, current and long-term (364) 42
Net cash used in operating activities (10,267) (5,248)
Investing activities    
Cash to fund acquisition, net of cash received 0 (5,508)
Purchases of property and equipment (868) (573)
Additions to patents and licenses 0 (9)
Proceeds from sale of property, plant and equipment 118 0
Net cash used in investing activities (750) (6,090)
Financing activities    
Payment of long-term debt (11) (12)
Proceeds from revolving credit facility 0 5,000
Payments of revolving credit facility 0 0
Payments to settle employee tax withholdings on stock-based compensation 0 (2)
Deferred Financing Costs 0 (29)
Proceeds from employee equity exercises 3 57
Net cash (used in) provided by financing activities (8) 5,014
Net decrease in cash and cash equivalents (11,025) (6,324)
Cash and cash equivalents at beginning of period 15,992 14,466
Cash and cash equivalents at end of period 4,967 8,142
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease assets obtained in exchange for new operating lease liabilities 363 0
Issuance of common stock in connection with acquisition $ 0 $ 770