Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Total revenue $ 22,174 $ 19,774 $ 43,363 $ 39,014
Cost of goods sold:        
Total cost of goods sold 20,137 16,758 39,504 33,759
Gross margin 2,037 3,016 3,859 5,255
Operating expenses:        
Research and development 891 1,139 1,822 2,288
Selling, general and administrative 5,308 4,796 10,962 9,757
Total operating expenses 6,199 5,935 12,784 12,045
Loss from operations (4,162) (2,919) (8,925) (6,790)
Other income (expense) (7) 14 (21) 4
Interest income       9
Interest expense (186) (98) (304) (319)
Change in warrant valuation   (657)   (657)
Loss before provision for income taxes (4,355) (3,660) (9,250) (7,753)
Provision for income taxes 2 7 5 7
Net loss $ (4,357) $ (3,667) $ (9,255) $ (7,760)
Net loss per common share-basic and diluted (in dollars per share) $ (0.07) $ (0.09) $ (0.15) $ (0.18)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 65,065 42,941 63,422 42,606
Product, accessories and parts        
Revenue:        
Total revenue $ 18,627 $ 16,005 $ 35,712 $ 31,496
Cost of goods sold:        
Total cost of goods sold 16,945 13,549 32,575 27,586
Service        
Revenue:        
Total revenue 3,547 3,769 7,651 7,518
Cost of goods sold:        
Total cost of goods sold $ 3,192 $ 3,209 $ 6,929 $ 6,173