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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
Assets    
Cash and cash equivalents $ 7,497 $ 5,155
Accounts receivable, net 12,234 14,022
Revenue earned but not billed 2,186 4,539
Inventories 13,473 18,246
Prepaid expenses and other current assets 1,728 2,860
Total current assets 37,118 44,822
Property and equipment, net 8,403 9,593
Goodwill 1,484 1,484
Other intangible assets, net 3,715 4,462
Other long-term assets 1,993 2,808
Total assets 52,713 63,169
Liabilities and Shareholders’ Equity    
Accounts payable 13,412 18,350
Accrued expenses and other 12,530 9,440
Deferred revenue, current 287 260
Current maturities of long-term debt 353 3
Total current liabilities 26,582 28,053
Revolving credit facility 7,500 10,000
Long-term debt, less current maturities 3,059 0
Deferred revenue, long-term 356 413
Other long-term liabilities 741 2,161
Total liabilities 38,238 40,627
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at December 31, 2024 and March 31, 2024; no shares issued and outstanding at December 31, 2024 and March 31, 2024 0 0
Common stock, no par value: Shares authorized: 200,000,000 at December 31, 2024 and March 31, 2024; shares issued: 42,409,937 at December 31, 2024 and 42,038,967 at March 31, 2024; shares outstanding: 32,939,922 at December 31, 2024 and 32,567,746 at March 31, 2024 0 0
Additional paid-in capital 162,691 161,869
Treasury stock, common shares: 9,470,015 at December 31, 2024 and 9,471,221 at March 31, 2024 (36,233) (36,235)
Retained deficit (111,983) (103,092)
Total shareholders’ equity 14,475 22,542
Total liabilities and shareholders’ equity $ 52,713 $ 63,169