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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenue:        
Total net revenue $ 68,279 $ 58,616 $ 131,791 $ 114,676
Cost of goods sold:        
Total cost of goods sold 25,065 23,520 48,709 46,522
Gross profit $ 43,214 $ 35,096 $ 83,082 $ 68,154
Gross profit margin 63.30% 59.90% 63.00% 59.40%
Operating expenses:        
Product development $ 16,172 $ 14,583 $ 30,892 $ 27,904
Sales and marketing 8,794 6,400 15,808 13,701
General and administrative 10,162 8,785 20,645 18,150
Depreciation of fixed assets 915 1,209 1,752 2,133
Amortization of internal-use software and intangibles 904 347 1,155 776
Other charges, net 2,037 210 2,587 969
Legal settlements 104 0 369 0
Total operating expense 39,088 31,534 73,208 63,633
Operating income 4,126 3,562 9,874 4,521
Other income (expense):        
Interest income 1,095 1,227 2,877 2,328
Interest expense (458) 0 (458) 0
Other income (expense), net 383 51 226 (109)
Income before taxes 5,146 4,840 12,519 6,740
Income tax (benefit) provision 3,782 295 (2,951) 647
Net income 1,364 4,545 15,470 6,093
Series A convertible preferred stock dividends 0 (459) 0 (918)
Net income attributable to common shareholders $ 1,364 $ 4,086 $ 15,470 $ 5,175
Weighted average shares outstanding - basic 27,533 25,022 27,335 24,979
Net income per share - basic: $ 0.05 $ 0.16 $ 0.57 $ 0.21
Weighted average shares outstanding - diluted 28,257 26,117 28,202 26,148
Net income per share - diluted: $ 0.05 $ 0.16 $ 0.55 $ 0.2
Products [Member]        
Net revenue:        
Total net revenue $ 10,525 $ 12,640 $ 20,400 $ 25,422
Cost of goods sold:        
Total cost of goods sold 5,206 6,751 10,432 13,317
Subscription and maintenance [Member]        
Net revenue:        
Total net revenue 41,432 34,248 79,474 66,373
Cost of goods sold:        
Total cost of goods sold 8,827 7,804 16,935 15,441
Professional services [Member]        
Net revenue:        
Total net revenue 16,322 11,728 31,917 22,881
Cost of goods sold:        
Total cost of goods sold $ 11,032 $ 8,965 $ 21,342 $ 17,764