REVENUE (Tables)

9 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from External Customers by Geographic Areas

In the following table, revenue is disaggregated by major product offerings and geographies (in thousands):

	Three Months Ended December 31,								Nine Months Ended December 31,
	2024				2023				2024				2023
Americas1
Product revenue	18,294				16,159				62,410				78,287
Service and subscription	16,563				18,282				48,975				53,871
Total revenue	34,857		48	%	34,441		47	%	111,385		52	%	132,158		55	%
EMEA
Product revenue	15,235				14,786				39,892				42,609
Service and subscription	12,077				12,282				33,471				34,234
Total revenue	27,312		38	%	27,068		38	%	73,363		34	%	76,843		32	%
APAC
Product revenue	5,081				6,168				14,087				17,739
Service and subscription	2,975				2,207				7,937				6,124
Total revenue	8,056		11	%	8,375		12	%	22,024		10	%	23,863		10	%
Consolidated
Product revenue	38,610				37,113				116,389				138,635
Service and subscription	31,615				32,771				90,383				94,229
Royalty2	2,326		3	%	2,042		3	%	7,592		4	%	7,235		3	%
Total revenue	$	72,551	100	%	$	71,926	100	%	$	214,364	100	%	$	240,099	100	%

1 Revenue for the Americas geographic region outside of the United States is not significant.

2 Royalty revenue is not allocatable to geographic regions.

Revenue by Solution

	Three Months Ended December 31,								Nine Months Ended December 31,
	2024		%		2023		%		2024		%		2023		%
Primary storage systems	$	12,404	17	%	$	12,887	18	%	$	41,034	19	%	$	41,394	17	%
Secondary storage systems	23,276		33	%	20,206		28	%	60,787		28	%	82,118		34	%
Device and media	7,575		10	%	7,716		11	%	24,254		11	%	23,801		10	%
Service	26,970		37	%	29,075		40	%	80,697		38	%	85,551		36	%
Royalty	2,326		3	%	2,042		3	%	7,592		4	%	7,235		3	%
Total revenue1	$	72,551	100	%	$	71,926	100	%	$	214,364	100	%	$	240,099	100	%

1 Subscription revenue of $4.6 million and $2.3 million was allocated to Primary and Secondary storage systems for the three months ended December 31, 2024 and 2023, respectively. Subscription revenue of $11.3 million and $4.8 million was allocated to Primary and Secondary storage systems for the nine months ended December 31, 2024 and 2023, respectively.

Schedule of Contract Asset, Contract Liability and Receivable

The following table presents the Company’s contract liabilities and certain information related to this balance as of March 31, 2024 and December 31, 2024 (in thousands): 

	March 31, 2024
Deferred revenue	$	116,687
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	76,304

	December 31, 2024
Deferred revenue	$	105,266
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	64,539

The table below reflects the Company’s deferred revenue as of December 31, 2024 (in thousands):

	Deferred revenue by period
	Total		1 year or less		1 – 3 Years		3 year or greater
Service revenue	84,624		60,782		21,815		$	2,027
Subscription revenue	$	20,642	$	9,134	$	8,773	$	2,735
Balance as of December 31, 2024	$	105,266	$	69,916	$	30,588	$	4,762

Schedule of Remaining Performance Obligations

RPO consisted of the following (in thousands):

	Current		Non-Current		Total
As of December 31, 2024	$	84,644	$	37,929	$	122,573