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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (38,548) $ (10,321)
Adjustments to reconcile net loss to cash provided by/(used in) operating activities:    
Non-controlling interest 17 38
Gain on bargain purchase 0 (1,800)
Inventory reserve 1,571 1,498
Stock based compensation expense 8,438 3,076
Depreciation and amortization 33,042 7,155
Right-of-use assets, non-cash lease expense 4,284 2,156
Derivative mark-to-market adjustment (475) 0
Bad debts expense 7,229 1,339
Deferred income taxes 676 (378)
Shares issued for transaction bonuses 889 0
Lease termination and modification losses 232 0
Other non-cash items 727 58
Changes in operating assets and liabilities:    
Accounts receivables (15,245) (2,284)
Inventories 2,623 (1,506)
Prepaid expenses and other current assets 2,062 876
Deferred costs (5,124) 440
Deferred revenue 1,031 (292)
Accounts payable and accrued expenses (15,655) 4,765
Lease liabilities (4,098) (2,157)
Accrued severance payable, net (562) (21)
Net cash provided by/(used in) operating activities (16,886) 2,642
Cash flows from investing activities    
Acquisition, net of cash assumed (137,112) 0
Proceeds from sale of fixed assets 256 0
Capitalized software development costs (7,310) (2,949)
Capital expenditures (16,607) (2,364)
Repayment of loan advanced to external parties 294 0
Net cash used in investing activities (160,479) (5,313)
Cash flows from financing activities    
Repayment of long-term debt (2,140) (3,079)
Short-term bank debt, net 11,887 4,322
Purchase of treasury stock upon vesting of restricted stock (2,836) (97)
Repayment of financing lease 0 (129)
Payment of preferred stock dividend and redemption of preferred stock (90,298) (3,385)
Proceeds from private placement, net 66,459 0
Proceeds from long-term debt 125,000 0
Payment of long-term debt costs (1,410) 0
Proceeds from exercise of stock options, net 912 36
Cash paid on dividends to affiliates (6) 0
Net cash (used in)/provided by financing activities 107,568 (2,332)
Effect of foreign exchange rate changes on cash and cash equivalents (1,222) (754)
Net decrease in cash and cash equivalents, and restricted cash (71,019) (5,757)
Cash and cash equivalents, and restricted cash at beginning of the period 109,664 25,089
Cash and cash equivalents, and restricted cash at end of the period 38,645 19,332
Reconciliation of cash and cash equivalents, and restricted cash    
Cash and cash equivalents 24,354 24,780
Restricted cash 5,011 310
Cash, cash equivalents, and restricted cash 38,645 19,332
Supplemental disclosure of cash flow information:    
Taxes 1,052 170
Interest 11,517 1,273
Noncash investing and financing activities:    
Common stock issued for transaction bonus 9 0
Shares issued in connection with MiX Combination 362,005 0
Value of licensed intellectual property acquired in connection with Movingdots acquisition 0 1,517
Preferred stock dividends paid in shares 0 1,108
Fleet Complete    
Noncash investing and financing activities:    
Shares issued in connection with FC Acquisition $ 21,343 $ 0