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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 44,071 $ 49,999 $ 84,485 $ 110,863
Cost of revenue:        
Total cost of revenue 21,664 28,270 41,564 58,453
Gross profit 22,407 21,729 42,921 52,410
Operating expenses:        
Research and development (includes related party expenses of $(386) and $4,907 for the three months ended September 30, 2024 and 2023, respectively, and $185 and $8,208 for the six months ended September 30, 2024 and 2023, respectively) 41,041 54,588 85,678 116,917
Sales and marketing 16,874 18,328 32,346 40,986
General and administrative 23,418 25,290 55,778 76,030
Restructuring and other charges 2,242 2,654 2,242 6,871
Total operating expenses 83,575 100,860 176,044 240,804
Loss from operations (61,168) (79,131) (133,123) (188,394)
Other income (expense):        
Interest income, net 2,009 3,752 4,583 8,059
Other income (expense), net 15 145 (4) 477
Loss before income taxes (59,144) (75,234) (128,544) (179,858)
Provision for (benefit from) income taxes (41) 36 (41) 36
Net loss (59,103) (75,270) (128,503) (179,894)
Other comprehensive loss, net of tax 0 954 0 620
Total comprehensive loss $ (59,103) $ (74,316) $ (128,503) $ (179,274)
Net loss per share of Class A and Class B common stock attributable to common stockholders        
Basic (in usd per share) [1] $ (2.32) $ (3.17) $ (5.11) $ (7.68)
Diluted (in usd per share) [1] $ (2.32) $ (3.17) $ (5.11) $ (7.68)
Weighted-average shares used to compute net loss per share        
Basic (in shares) [1] 25,519,658 23,742,914 25,151,988 23,429,600
Diluted (in shares) [1] 25,519,658 23,742,914 25,151,988 23,429,600
Service        
Revenue:        
Total revenue $ 38,514 $ 42,766 $ 73,193 $ 96,026
Cost of revenue:        
Total cost of revenue 18,801 25,227 36,050 52,172
Product        
Revenue:        
Total revenue 5,557 7,233 11,292 14,837
Cost of revenue:        
Total cost of revenue $ 2,863 $ 3,043 $ 5,514 $ 6,281
[1] Amounts have been adjusted to reflect the reverse stock split that became effective on October 16, 2024. Refer to Note 2, Summary of Significant Accounting Policiesand Note 19, “Subsequent Events,” for further information about the reverse stock split.