XML 37 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue:        
Total revenue $ 60,262,000 $ 44,747,000 $ 144,747,000 $ 155,610,000
Cost of revenue:        
Total cost of revenue 20,436,000 25,062,000 62,255,000 84,461,000
Gross profit 39,826,000 19,685,000 82,492,000 71,149,000
Operating expenses:        
Research and development 20,216,000 23,897,000 80,050,000 77,524,000
Sales and marketing 17,950,000 27,925,000 50,609,000 69,541,000
General and administrative 26,891,000 31,780,000 83,034,000 108,742,000
Restructuring and other charges 10,642,000 217,000 10,866,000 4,642,000
Goodwill impairment 0 198,800,000 0 198,800,000
Total operating expenses 75,699,000 282,619,000 224,559,000 459,249,000
Loss from operations (35,873,000) (262,934,000) (142,067,000) (388,100,000)
Other income:        
Interest income, net 1,282,000 3,230,000 5,865,000 11,289,000
Other income, net 316,000 23,000 312,000 501,000
Loss before income taxes (34,275,000) (259,681,000) (135,890,000) (376,310,000)
Provision for (benefit from) income taxes 0 19,000 (41,000) 55,000
Net loss from continuing operations (34,275,000) (259,700,000) (135,849,000) (376,365,000)
Net loss from discontinued operations (includes related party expenses of $260 and $2,781 for the three months ended December 31, 2024 and 2023, respectively, and $445 and $10,989 for the nine months ended December 31, 2024 and 2023, respectively) (18,760,000) (18,276,000) (45,689,000) (81,505,000)
Net loss (53,035,000) (277,976,000) (181,538,000) (457,870,000)
Other comprehensive income, net of tax 0 0 0 620,000
Total comprehensive loss $ (53,035,000) $ (277,976,000) $ (181,538,000) $ (457,250,000)
Net loss per share from continuing operations of Class A and Class B common stock attributable to common stockholders, basic (in usd per share) [1] $ (1.30) $ (10.80) $ (5.31) $ (15.92)
Net loss per share from continuing operations of Class A and Class B common stock attributable to common stockholders, diluted (in usd per share) [1] (1.30) (10.80) (5.31) (15.92)
Net loss per share from discontinued operations of Class A and Class B common stock attributable to common stockholders, basic (in usd per share) [1] (0.71) (0.76) (1.79) (3.45)
Net loss per share from discontinued operations of Class A and Class B common stock attributable to common stockholders, diluted (in usd per share) [1] (0.71) (0.76) (1.79) (3.45)
Net loss per share, basic (in usd per share) [1] (2.01) (11.56) (7.10) (19.37)
Net loss per share, diluted (in usd per share) [1] $ (2.01) $ (11.56) $ (7.10) $ (19.37)
Weighted-average shares used to compute net loss per share        
Basic (in shares) [1] 26,349,226 24,040,478 25,567,008 23,634,161
Diluted (in shares) [1] 26,349,226 24,040,478 25,567,008 23,634,161
Service        
Revenue:        
Total revenue $ 54,767,000 $ 38,071,000 $ 127,960,000 $ 134,097,000
Cost of revenue:        
Total cost of revenue 17,872,000 22,134,000 54,069,000 74,991,000
Product        
Revenue:        
Total revenue 5,495,000 6,676,000 16,787,000 21,513,000
Cost of revenue:        
Total cost of revenue $ 2,564,000 $ 2,928,000 $ 8,186,000 $ 9,470,000
[1] Amounts have been adjusted to reflect the reverse stock split that became effective on October 16, 2024. Refer to Note 12, “Stockholders' Equity,” for further information about the reverse stock split.