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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue, net:        
Total revenue, net $ 22,722 $ 28,368 $ 38,364 $ 52,271
Cost of goods sold:        
Total cost of goods sold 15,712 23,113 27,568 43,579
Gross profit 7,010 5,255 10,796 8,692
Operating expenses:        
Research and development 592 653 1,139 1,318
Selling, general and administrative 6,400 9,160 13,183 15,964
Total operating expenses 6,992 9,813 14,322 17,282
Income (loss) from operations 18 (4,558) (3,526) (8,590)
Other income (loss), net 622 (4) 1,213 6
Interest income 1 41 3 99
Interest expense (1,039) (1,822) (2,017) (3,519)
Reorganization items, net   453   453
Loss before provision (benefit) for income taxes (398) (5,890) (4,327) (11,551)
Provision (benefit) for income taxes 25 (3) 33 15
Net loss $ (423) $ (5,887) $ (4,360) $ (11,566)
Net loss per share of common stock and non-voting common stock-basic (in dollars per share) $ (0.02) $ (0.32) $ (0.23) $ (0.63)
Net loss per share of common stock and non-voting common stock-diluted (in dollars per share) $ (0.02) $ (0.32) $ (0.23) $ (0.63)
Weighted average shares used to calculate basic net loss per share of common stock and non-voting common stock (in shares) 19,049 18,492 19,049 18,457
Weighted average shares used to calculate diluted net loss per share of common stock and non-voting common stock (in shares) 19,049 18,492 19,049 18,457
Product and accessories        
Revenue, net:        
Total revenue, net $ 11,270 $ 15,092 $ 16,631 $ 28,299
Cost of goods sold:        
Total cost of goods sold 10,589 15,332 16,549 29,462
Parts, services and rentals        
Revenue, net:        
Total revenue, net 11,452 13,276 21,733 23,972
Cost of goods sold:        
Total cost of goods sold $ 5,123 $ 7,781 $ 11,019 $ 14,117