Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenue, net:        
Revenue, net $ 26,762 $ 20,148 $ 83,018 $ 58,513
Cost of goods sold:        
Total cost of goods sold 16,334 15,154 56,064 42,723
Gross profit 10,428 4,994 26,954 15,790
Operating expenses:        
Research and development 971 744 2,594 1,882
Selling, general and administrative 7,409 6,313 21,125 19,496
Total operating expenses 8,380 7,057 23,719 21,378
Income (loss) from operations 2,048 (2,063) 3,235 (5,588)
Other income, net 208 364 1,185 1,577
Interest income 70 4 177 6
Interest expense (1,136) (986) (3,262) (3,003)
Income (loss) before provision for income taxes 1,190 (2,681) 1,335 (7,008)
Provision for income taxes 5 23 14 56
Net income (loss) $ 1,185 $ (2,704) $ 1,321 $ (7,064)
Net Income (loss) per share of common stock and non-voting common stock - basic (Note 13) (in dollars per share) $ (1.79) $ (0.14) $ (2.79) $ (0.37)
Net Income (loss) per share of common stock and non-voting common stock - dilutive (Note 13) (in dollars per share) $ (1.79) $ (0.14) $ (2.79) $ (0.37)
Weighted average shares used to calculate basic net loss per share of common stock and non-voting common stock (in shares) 21,051 19,049 19,945 19,049
Weighted average shares used to calculate diluted net loss per share of common stock and non-voting common stock (in shares) 21,051 19,049 19,945 19,049
Product and accessories        
Revenue, net:        
Revenue, net $ 13,573 $ 8,272 $ 45,405 $ 24,965
Cost of goods sold:        
Total cost of goods sold 12,714 9,073 41,394 25,622
Parts and services        
Revenue, net:        
Revenue, net 9,327 7,405 25,126 23,166
Cost of goods sold:        
Total cost of goods sold 1,155 3,929 8,115 10,127
Rentals        
Revenue, net:        
Revenue, net 3,862 4,471 12,487 10,382
Cost of goods sold:        
Total cost of goods sold $ 2,465 $ 2,152 $ 6,555 $ 6,974