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Quarterly Results (Unaudited)
12 Months Ended
Mar. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)

15. Quarterly Results (Unaudited)

Because quarterly reporting of per share data is used independently for each reporting period, the sum of per share amounts for the four quarters in the fiscal year will not necessarily equal annual per share amounts. GAAP prohibits retroactive adjustment of quarterly per share amounts so that the sum of those amounts equals amounts for the full year.

Occasionally, the timing of large one-time orders, such as those associated with significant remarketed product sales around large customer refresh cycles or significant volume rollouts, creates variability in our quarterly results.

 

 

 

Year ended March 31, 2020

 

 

 

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

 

 

(In thousands except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Net revenue

 

$

38,389

 

 

$

40,722

 

 

$

41,987

 

 

$

39,659

 

 

$

160,757

 

Gross profit

 

 

20,014

 

 

 

20,217

 

 

 

21,064

 

 

 

19,657

 

 

 

80,952

 

Restructuring, severance and other charges

 

 

231

 

 

 

190

 

 

 

11

 

 

 

150

 

 

 

582

 

Legal settlements, net

 

 

 

 

 

(125

)

 

 

 

 

 

 

 

 

(125

)

Net loss

 

$

(1,575

)

 

$

(2,918

)

 

$

(2,582

)

 

$

(26,992

)

 

$

(34,067

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss Per share data-basic and diluted

 

$

(0.07

)

 

$

(0.13

)

 

$

(0.11

)

 

$

(1.16

)

 

$

(1.47

)

 

 

 

Year ended March 31, 2019

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

 

 

(In thousands except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Net revenue

 

$

34,007

 

 

$

34,203

 

 

$

36,014

 

 

$

36,618

 

 

$

140,842

 

Gross profit

 

 

17,889

 

 

 

17,749

 

 

 

18,647

 

 

 

19,595

 

 

 

73,880

 

Restructuring, severance and other charges

 

 

440

 

 

 

448

 

 

 

58

 

 

 

222

 

 

 

1,168

 

Legal settlements

 

 

91

 

 

 

35

 

 

 

 

 

 

15

 

 

 

141

 

Net loss

 

$

(1,736

)

 

$

(3,791

)

 

$

(4,048

)

 

$

(3,589

)

 

$

(13,164

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss Per share data-basic and diluted

 

$

(0.08

)

 

$

(0.16

)

 

$

(0.18

)

 

$

(0.15

)

 

$

(0.57

)