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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue, net:        
Total revenue, net $ 28,368 $ 20,124 $ 52,271 $ 38,889
Cost of goods sold:        
Total cost of goods sold 23,113 16,734 43,579 32,985
Gross profit 5,255 3,390 8,692 5,904
Operating expenses:        
Research and development 653 603 1,318 1,093
Selling, general and administrative 9,160 5,107 15,964 10,026
Total operating expenses 9,813 5,710 17,282 11,119
Loss from operations (4,558) (2,320) (8,590) (5,215)
Other income (expense) (4) (50) 6 (48)
Interest income 41 26 99 32
Interest expense (1,822) (1,305) (3,519) (2,616)
Reorganization items, net 453   453  
Loss before provision for income taxes (5,890) (3,649) (11,551) (7,847)
Provision (benefit) for income taxes (3) 4 15 6
Net loss (5,887) (3,653) (11,566) (7,853)
Less: Deemed dividend on purchase warrant for common shares   97   97
Net loss attributable to common stockholders $ (5,887) $ (3,750) $ (11,566) $ (7,950)
Net loss per common share attributable to common stockholders-basic (in dollars per share) $ (0.32) $ (0.22) $ (0.63) $ (0.50)
Net loss per common share attributable to common stockholders-diluted (in dollars per share) $ (0.32) $ (0.22) $ (0.63) $ (0.50)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares) 18,492 16,785 18,457 16,056
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares) 18,492 16,785 18,457 16,056
Product and accessories        
Revenue, net:        
Total revenue, net $ 15,092 $ 9,594 $ 28,299 $ 19,392
Cost of goods sold:        
Total cost of goods sold 15,332 11,044 29,462 20,813
Parts, service and rentals        
Revenue, net:        
Total revenue, net 13,276 10,530 23,972 19,497
Cost of goods sold:        
Total cost of goods sold $ 7,781 $ 5,690 $ 14,117 $ 12,172