Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Product, accessories and parts $ 11,518 $ 14,689 $ 27,301 $ 38,835
Service 3,480 3,216 6,762 6,050
Total revenue 14,998 17,905 34,063 44,885
Product, accessories and parts 11,341 13,147 24,978 33,061
Service 2,987 2,830 5,416 5,211
Total cost of goods sold 14,328 15,977 30,394 38,272
Gross margin 670 1,928 3,669 6,613
Operating expenses:        
Research and development 1,350 2,872 2,972 5,288
Selling, general and administrative 5,036 6,705 10,782 14,794
Total operating expenses 6,386 9,577 13,754 20,082
Loss from operations (5,716) (7,649) (10,085) (13,469)
Other (expense) income (27) (36) (43) (38)
Interest income 7   12  
Interest expense (129) (197) (263) (347)
Loss before income taxes (5,865) (7,882) (10,379) (13,854)
Provision for income taxes     3 3
Net loss $ (5,865) $ (7,882) $ (10,382) $ (13,857)
Net loss per common share-basic and diluted (in dollars per share) $ (0.19) $ (0.48) $ (0.36) $ (0.84)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 30,498 16,578 28,843 16,552