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, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenue, net:        
Total revenue, net $ 14,600 $ 21,011 $ 66,871 $ 59,900
Cost of goods sold:        
Total cost of goods sold 11,582 19,311 55,161 52,296
Gross profit 3,018 1,700 11,710 7,604
Operating expenses:        
Research and development 579 633 1,897 1,726
Selling, general and administrative 9,749 5,597 25,713 15,623
Total operating expenses 10,328 6,230 27,610 17,349
Loss from operations (7,310) (4,530) (15,900) (9,745)
Other income (expense), net 53 5 59 (43)
Interest income 7 42 106 74
Interest expense (1,100) (1,853) (4,619) (4,469)
Reorganization items, net 32,589   33,042  
Income (loss) before provision (benefit) for income taxes 24,239 (6,336) 12,688 (14,183)
Provision (benefit) for income taxes (1)   14 6
Net income (loss) 24,240 (6,336) 12,674 (14,189)
Less: Deemed dividend on purchase warrant for common shares       97
Net income (loss) attributable to common stockholders $ 24,240 $ (6,336) $ 12,674 $ (14,286)
Net income (loss) per share of common stock and non-voting common stock-basic (in dollars per share) $ 1.27 $ (0.35) $ 0.68 $ (0.85)
Net income (loss) per share of common stock and non-voting common stock-diluted (in dollars per share) $ 1.27 $ (0.35) $ 0.68 $ (0.85)
Weighted average shares used to calculate basic net income (loss) per common stock and non-voting common stock (in shares) 19,047 18,351 18,655 16,824
Weighted average shares used to calculate diluted net income (loss) per common stock and non-voting common stock (in shares) 19,047 18,351 18,655 16,824
Product and accessories        
Revenue, net:        
Total revenue, net $ 5,165 $ 11,143 $ 33,464 $ 30,535
Cost of goods sold:        
Total cost of goods sold 6,575 12,272 36,037 33,118
Parts, service and rentals        
Revenue, net:        
Total revenue, net 9,435 9,868 33,407 29,365
Cost of goods sold:        
Total cost of goods sold $ 5,007 $ 7,039 $ 19,124 $ 19,178