Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue, net:    
Total revenue, net $ 91,219 $ 73,882
Cost of goods sold:    
Total cost of goods sold 76,935 64,818
Gross profit 14,284 9,064
Operating expenses:    
Research and development 2,463 2,376
Selling, general and administrative 32,175 25,148
Total operating expenses 34,638 27,524
Loss from operations (20,354) (18,460)
Other income (expense) 674 (33)
Interest income 110 141
Reorganization items, net 32,505  
Interest expense (5,529) (6,163)
Income (loss) before provision for income taxes 7,406 (24,515)
Provision for income taxes 14 7
Net income (loss) $ 7,392 $ (24,522)
Net income (loss) per share of common stock and non-voting common stock-basic (in dollars per share) $ 0.39 $ (1.43)
Net income (loss) per share of common stock and non-voting common stock-diluted (in dollars per share) $ 0.39 $ (1.43)
Weighted average shares used to calculate basic net income (loss) per common stock and non-voting common stock (in shares) 18,753 17,206
Weighted average shares used to calculate diluted net income (loss) per common stock and non-voting common stock (in shares) 18,753 17,206
Product and accessories    
Revenue, net:    
Total revenue, net $ 49,107 $ 35,033
Cost of goods sold:    
Total cost of goods sold 51,259 39,938
Parts, service and rentals    
Revenue, net:    
Total revenue, net 42,112 38,849
Cost of goods sold:    
Total cost of goods sold $ 25,676 $ 24,880