Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Product, accessories and parts $ 18,239 $ 26,919 $ 57,074 $ 77,682
Service 3,220 3,165 9,270 7,910
Total revenues 21,459 30,084 66,344 85,592
Product, accessories and parts 14,979 21,859 48,039 64,560
Service 2,429 2,119 7,641 6,267
Total cost of goods sold 17,408 23,978 55,680 70,827
Gross margin 4,051 6,106 10,664 14,765
Operating expenses:        
Research and development 2,905 2,355 8,193 6,737
Selling, general and administrative 7,002 7,508 21,796 24,815
Total operating expenses 9,907 9,863 29,989 31,552
Loss from operations (5,856) (3,757) (19,325) (16,787)
Other (expense) income   (31) (38) 50
Interest expense (159) (134) (506) (421)
Loss before income taxes (6,015) (3,922) (19,869) (17,158)
Provision for income taxes   13 3 77
Net loss $ (6,015) $ (3,935) $ (19,872) $ (17,235)
Net loss per common share-basic and diluted (in dollars per share) $ (0.34) $ (0.24) $ (1.17) $ (1.05)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 17,824 16,512 16,975 16,366