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, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenue, net:        
Total revenue, net $ 19,606 $ 20,609 $ 59,033 $ 53,887
Cost of goods sold:        
Total cost of goods sold 16,937 18,392 49,482 46,312
Gross profit 2,669 2,217 9,551 7,575
Operating expenses:        
Research and development 634 767 1,726 2,637
Selling, general and administrative 5,397 5,293 15,423 17,055
Total operating expenses 6,031 6,060 17,149 19,692
Loss from operations (3,362) (3,843) (7,598) (12,117)
Other income (expense) 5 (21) (43) 639
Interest income 43 5 74 16
Interest expense (1,900) (1,287) (4,618) (3,800)
Gain (loss) on debt extinguishment       1,950
Loss before provision for income taxes (5,214) (5,146) (12,185) (13,312)
Provision for income taxes     6 10
Net loss (5,214) (5,146) (12,191) (13,322)
Less: Deemed dividend on purchase warrant for common shares     97  
Net loss attributable to common stockholders $ (5,214) $ (5,146) $ (12,288) $ (13,322)
Net loss per common share attributable to common stockholders-basic (in dollars per share) $ (0.28) $ (0.34) $ (0.73) $ (0.92)
Net loss per common share attributable to common stockholders-diluted (in dollars per share) $ (0.28) $ (0.34) $ (0.73) $ (0.92)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares) 18,351 15,236 16,824 14,548
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares) 18,351 15,236 16,824 14,548
Product and accessories        
Revenue, net:        
Total revenue, net $ 10,003 $ 12,329 $ 29,773 $ 29,183
Cost of goods sold:        
Total cost of goods sold 11,629 12,689 33,017 30,479
Parts, service and rentals        
Revenue, net:        
Total revenue, net 9,603 8,280 29,260 24,704
Cost of goods sold:        
Total cost of goods sold $ 5,308 $ 5,703 $ 16,465 $ 15,833