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, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Product, accessories and parts $ 14,689 $ 29,808 $ 38,835 $ 50,763
Services 3,216 2,440 6,050 4,745
Total revenues 17,905 32,248 44,885 55,508
Product, accessories and parts 13,147 24,941 33,061 42,700
Service 2,830 2,064 5,211 4,149
Total cost of goods sold 15,977 27,005 38,272 46,849
Gross margin 1,928 5,243 6,613 8,659
Operating expenses:        
Research and development 2,872 2,055 5,288 4,382
Selling, general and administrative 6,705 9,543 14,794 17,307
Total operating expenses 9,577 11,598 20,082 21,689
Loss from operations (7,649) (6,355) (13,469) (13,030)
Other (expense) income (36) (16) (38) 81
Interest expense (197) (144) (347) (287)
Loss before income taxes (7,882) (6,515) (13,854) (13,236)
Provision for income taxes   14 3 64
Net loss $ (7,882) $ (6,529) $ (13,857) $ (13,300)
Net loss per common share-basic and diluted (in dollars per share) $ (0.02) $ (0.02) $ (0.04) $ (0.04)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 331,544 329,865 331,048 325,942