Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 14,906 $ 20,740 $ 29,099 $ 39,984
Cost of goods sold:        
Total cost of goods sold 12,344 17,659 23,164 34,038
Gross margin 2,562 3,081 5,935 5,946
Operating expenses:        
Research and development 599 900 969 1,838
Selling, general and administrative 4,872 5,499 8,418 11,736
Total operating expenses 5,471 6,399 9,387 13,574
Loss from operations (2,909) (3,318) (3,452) (7,628)
Other income (expense) 11 157 15 158
Interest income 8   16  
Interest expense (1,313) (1,287) (2,604) (2,563)
Loss before provision for income taxes (4,203) (4,448) (6,025) (10,033)
Provision for income taxes 9   10 8
Net loss (4,212) (4,448) (6,035) (10,041)
Less: Deemed dividend on purchase warrant for common shares 15 75 15 75
Net loss attributable to common stockholders $ (4,227) $ (4,523) $ (6,050) $ (10,116)
Net loss per common share attributable to common stockholders-basic and diluted (in dollars per share) $ (0.38) $ (0.59) $ (0.56) $ (1.36)
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares) 11,040 7,650 10,862 7,455
Product, accessories and parts        
Revenue:        
Total revenue $ 9,344 $ 15,988 $ 18,280 $ 30,061
Cost of goods sold:        
Total cost of goods sold 8,693 13,460 16,688 25,692
Service        
Revenue:        
Total revenue 5,562 4,752 10,819 9,923
Cost of goods sold:        
Total cost of goods sold $ 3,651 $ 4,199 $ 6,476 $ 8,346