XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 26,281 $ 48,322 $ 37,092 $ 90,700
Cost of revenue 19,018 35,531 27,194 67,626
Gross profit 7,263 12,791 9,898 23,074
Operating expenses:        
General and administrative 2,638 2,605 5,049 5,612
Sales and marketing 2,332 2,918 4,186 5,624
Research and development 424 390 839 801
Total operating expenses 5,394 5,913 10,074 12,037
Income (loss) from operations 1,869 6,878 (176) 11,037
Other income (expense):        
Other income 35 8 44 20
Interest expense (1) (87) (50) (223)
Amortization of debt issue costs (61) (60) (122) (121)
Interest income   1   3
Total other expense (27) (138) (128) (321)
Income (loss) before income tax 1,842 6,740 (304) 10,716
Income tax expense (72) 19 1 27
Net income (loss) $ 1,914 $ 6,721 $ (305) $ 10,689
Basic net income (loss) per share attributable to common shareholders $ 0.06 $ 0.22 $ (0.01) $ 0.36
Weighted-average common shares outstanding 30,669,272 30,189,067 30,511,611 29,957,541
Diluted net income (loss) per share $ 0.06 $ 0.22 $ (0.01) $ 0.35
Weighted-average common shares and share equivalents outstanding 31,170,139 30,830,381 30,511,611 30,757,863
Product revenue        
Revenues $ 20,260 $ 35,572 $ 29,961 $ 67,911
Cost of revenue 14,402 25,878 21,631 49,703
Service revenue        
Revenues 6,021 12,750 7,131 22,789
Cost of revenue $ 4,616 $ 9,653 $ 5,563 $ 17,923