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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 19,584 $ 25,971 $ 58,851 $ 64,170
Cost of revenue 13,830 19,604 44,350 50,063
Gross profit 5,754 6,367 14,501 14,107
Operating expenses:        
General and administrative 3,857 4,910 12,970 15,689
Acquisition related costs 0 0 0 56
Sales and marketing 2,859 3,170 8,644 9,778
Research and development 287 349 840 1,211
Total operating expenses 7,003 8,429 22,454 26,734
Loss from operations (1,249) (2,062) (7,953) (12,627)
Other income (expense):        
Other income 0 25 0 37
Interest expense (255) (193) (800) (561)
Amortization of debt issue costs (49) (25) (155) (74)
Royalty income 45 0 61 0
Interest income 1 0 1 2
Total other expense (258) (193) (893) (596)
Loss before income tax (1,507) (2,255) (8,846) (13,223)
Income tax expense 1 1 44 58
Net loss $ (1,508) $ (2,256) $ (8,890) $ (13,281)
Basic net loss per share attributable to common shareholders $ (0.05) $ (0.07) $ (0.27) $ (0.41)
Weighted-average common shares outstanding 32,923,321 32,531,563 32,787,107 32,460,398
Diluted net loss per share $ (0.05) $ (0.07) $ (0.27) $ (0.41)
Weighted-average common shares and share equivalents outstanding 32,923,321 32,531,563 32,787,107 32,460,398
Product revenue        
Revenues $ 14,308 $ 17,007 $ 39,442 $ 46,266
Cost of revenue 9,347 12,302 26,809 33,258
Service revenue        
Revenues 5,276 8,964 19,409 17,904
Cost of revenue $ 4,483 $ 7,302 $ 17,541 $ 16,805