Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Product, accessories and parts $ 16,005 $ 11,518 $ 31,496 $ 27,301
Service 3,769 3,480 7,518 6,762
Total revenue 19,774 14,998 39,014 34,063
Cost of goods sold:        
Product, accessories and parts 13,549 11,341 27,586 24,978
Service 3,209 2,987 6,173 5,416
Total cost of goods sold 16,758 14,328 33,759 30,394
Gross margin 3,016 670 5,255 3,669
Operating expenses:        
Research and development 1,139 1,350 2,288 2,972
Selling, general and administrative 4,796 5,036 9,757 10,782
Total operating expenses 5,935 6,386 12,045 13,754
Loss from operations (2,919) (5,716) (6,790) (10,085)
Other income (expense) 14 (27) 4 (43)
Interest income   7 9 12
Interest expense (98) (129) (319) (263)
Change in warrant valuation (657)   (657)  
Loss before income taxes (3,660) (5,865) (7,753) (10,379)
Provision for income taxes 7   7 3
Net loss $ (3,667) $ (5,865) $ (7,760) $ (10,382)
Net loss per common share-basic and diluted (in dollars per share) $ (0.09) $ (0.19) $ (0.18) $ (0.36)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 42,941 30,498 42,606 28,843