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, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue, net:        
Total revenue, net $ 20,148 $ 14,600 $ 58,513 $ 66,871
Cost of goods sold:        
Total cost of goods sold 15,154 11,582 42,723 55,161
Gross profit 4,994 3,018 15,790 11,710
Operating expenses:        
Research and development 744 579 1,882 1,897
Selling, general and administrative 6,313 9,749 19,496 25,713
Total operating expenses 7,057 10,328 21,378 27,610
Loss from operations (2,063) (7,310) (5,588) (15,900)
Other income, net 364 53 1,577 59
Interest income 4 7 6 106
Interest expense (986) (1,100) (3,003) (4,619)
Reorganization items, net   32,589   33,042
Income (loss) before provision (benefit) for income taxes (2,681) 24,239 (7,008) 12,688
Provision (benefits) for income taxes 23 (1) 56 14
Net income (loss) $ (2,704) $ 24,240 $ (7,064) $ 12,674
Net income (loss) per share of common stock and non-voting common stock-basic (in dollars per share) $ (0.14) $ 1.27 $ (0.37) $ 0.68
Net income (loss) per share of common stock and non-voting common stock-diluted (in dollars per share) $ (0.14) $ 1.27 $ (0.37) $ 0.68
Weighted average shares used to calculate basic net income (loss) per share of common stock and non-voting common stock (in shares) 19,049 19,047 19,049 18,655
Weighted average shares used to calculate diluted net income (loss) per share of common stock and non-voting common stock (in shares) 19,049 19,047 19,049 18,655
Product and accessories        
Revenue, net:        
Total revenue, net $ 8,272 $ 5,165 $ 24,903 $ 33,464
Cost of goods sold:        
Total cost of goods sold 9,072 6,575 25,622 36,037
Parts, services and rentals        
Revenue, net:        
Total revenue, net 11,876 9,435 33,610 33,407
Cost of goods sold:        
Total cost of goods sold $ 6,082 $ 5,007 $ 17,101 $ 19,124