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, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Revenue:        
Total revenue $ 20,676 $ 17,383 $ 49,774 $ 57,366
Cost of goods sold:        
Total cost of goods sold 17,204 14,755 40,367 48,792
Gross margin 3,472 2,628 9,407 8,574
Operating expenses:        
Research and development 735 972 1,703 2,811
Selling, general and administrative 4,816 5,280 13,234 17,015
Total operating expenses 5,551 6,252 14,937 19,826
Loss from operations (2,079) (3,624) (5,530) (11,252)
Other income (expense) (11) 6 4 165
Interest income 7   23  
Interest expense (1,230) (1,289) (3,835) (3,853)
Loss on debt extinguishment (4,282)   (4,282)  
Loss before provision for income taxes (7,595) (4,907) (13,620) (14,940)
Provision for income taxes     10 8
Net loss (7,595) (4,907) (13,630) (14,948)
Less: Deemed dividend on purchase warrant for common shares     15 75
Net loss attributable to common stockholders $ (7,595) $ (4,907) $ (13,645) $ (15,023)
Net loss per common share attributable to common stockholders-basic and diluted (in dollars per share) $ (0.69) $ (0.59) $ (1.25) $ (1.94)
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares) 11,081 8,367 10,935 7,730
Product, accessories and parts        
Revenue:        
Total revenue $ 15,374 $ 12,010 $ 33,654 $ 42,070
Cost of goods sold:        
Total cost of goods sold 13,484 10,815 30,171 36,506
Service        
Revenue:        
Total revenue 5,302 5,373 16,120 15,296
Cost of goods sold:        
Total cost of goods sold $ 3,720 $ 3,940 $ 10,196 $ 12,286