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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES:    
Net loss $ (125,130) $ (111,032)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, amortization and loss on disposal of fixed assets 7,417 8,354
Share-based compensation 6,156 4,984
Increase in deferred lease rentals 659 726
Swiss pension obligation 669 1,054
Amortization of deferred debt issue costs and discount 11,020 12,965
Impairment of investments 970 2,285
Change in fair value of derivative instruments (19,395) 0
Accrued preference share dividends 1,050 1,050
Income taxes 961 1,254
Net change in assets and liabilities:    
Trade accounts receivable, net (1,143) 568
Inventories (165) (475)
Accounts payable and accrued liabilities 3,418 (3,410)
Accrued compensation and benefits (3,735) 4,549
Other assets (1,796) (454)
Net cash used in operating activities (119,044) (77,582)
INVESTING ACTIVITIES:    
Increase in short-term investments (4,500) (87,247)
Realization of short-term investments 51,425 134,936
Purchase of property and equipment (2,851) (4,240)
Purchase of intangible assets 0 0
Net cash from (used in) investing activities 44,074 43,449
FINANCING ACTIVITIES:    
Repayment of finance leases (713) (633)
Proceeds from issuance of long-term debt 104,222 0
Debt issuance costs (3,732) 0
Repayment of long-term debt (12,083) 0
(Cost of) proceeds from issuance of ordinary shares and warrants (76) 80,881
Net cash generated from financing activities 87,618 80,248
Effect of exchange rate fluctuations on cash and cash equivalents 6,458 (4,358)
Change in cash and cash equivalents 19,106 41,757
Beginning cash and cash equivalents 54,697 12,940
Ending cash and cash equivalents 73,803 54,697
Supplemental cash flow disclosures:    
Income taxes paid 0 0
Interest paid 19,008 17,529
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 65,059 45,673
Restricted cash 8,744 9,024
Ending cash and cash equivalents $ 73,803 $ 54,697