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 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 20,775 $ 17,196 $ 39,427 $ 33,278
Cost of goods sold:        
Total cost of goods sold 18,599 14,486 32,545 27,920
Gross margin 2,176 2,710 6,882 5,358
Operating expenses:        
Research and development 603 987 1,093 1,870
Selling, general and administrative 5,107 6,438 10,026 11,762
Total operating expenses 5,710 7,425 11,119 13,632
Loss from operations (3,534) (4,715) (4,237) (8,274)
Other income (50) (5) (48) 660
Interest income 26 6 32 11
Interest expense (1,356) (1,278) (2,718) (2,513)
Gain (loss) on debt extinguishment       1,950
Loss before provision for income taxes (4,914) (5,992) (6,971) (8,166)
Provision for income taxes 4 2 6 10
Net loss (4,918) (5,994) (6,977) (8,176)
Less: Deemed dividend on purchase warrant for common shares 97   97  
Net loss attributable to common stockholders $ (5,015) $ (5,994) $ (7,074) $ (8,176)
Net loss per common share attributable to common stockholders-basic (in dollars per share) $ (0.30) $ (0.40) $ (0.44) $ (0.58)
Net loss per common share attributable to common stockholders-diluted (in dollars per share) $ (0.30) $ (0.40) $ (0.44) $ (0.58)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares) 16,785 15,167 16,056 14,202
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares) 16,785 15,167 16,056 14,202
Product and accessories        
Revenue:        
Total revenue $ 10,603 $ 8,465 $ 19,770 $ 16,854
Cost of goods sold:        
Total cost of goods sold 12,496 8,797 21,387 17,790
Parts, service and rentals        
Revenue:        
Total revenue 10,172 8,731 19,657 16,424
Cost of goods sold:        
Total cost of goods sold $ 6,103 $ 5,689 $ 11,158 $ 10,130