Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Product, accessories and parts $ 63,325 $ 73,116
Service 13,844 12,095
Total revenue 77,169 85,211
Cost of goods sold:    
Product, accessories and parts 64,453 61,866
Service 10,927 10,578
Total cost of goods sold 75,380 72,444
Gross margin 1,789 12,767
Operating expenses:    
Research and development 5,388 10,152
Selling, general and administrative 20,651 27,106
Total operating expenses 26,039 37,258
Loss from operations (24,250) (24,491)
Other expense (470) (40)
Interest income 31  
Interest expense (536) (640)
Change in fair value of warrant liability 1,323  
Loss before income taxes (23,902) (25,171)
Provision for income taxes 19 20
Net loss $ (23,921) $ (25,191)
Net loss per common share-basic and diluted (in dollars per share) $ (0.75) $ (1.39)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 32,074 18,162