Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Revenue:        
Product, accessories and parts $ 18,876 $ 16,540 $ 50,373 $ 43,841
Service 3,885 3,645 11,403 10,408
Total revenue 22,761 20,185 61,776 54,249
Cost of goods sold:        
Product, accessories and parts 15,471 21,828 43,059 46,806
Service 2,333 2,356 8,505 7,772
Total cost of goods sold 17,804 24,184 51,564 54,578
Gross margin 4,957 (3,999) 10,212 (329)
Operating expenses:        
Research and development 957 1,282 3,244 4,254
Selling, general and administrative 4,057 4,848 13,815 15,631
Total operating expenses 5,014 6,130 17,059 19,885
Loss from operations (57) (10,129) (6,847) (20,214)
Other expense (12) (436) (8) (480)
Interest income   8 9 21
Interest expense (170) (129) (489) (392)
Change in warrant valuation (84)   (741)  
Loss before income taxes (323) (10,686) (8,076) (21,065)
Provision for income taxes     7 3
Net loss $ (323) $ (10,686) $ (8,083) $ (21,068)
Net loss per common share-basic and diluted (in dollars per share) $ (0.01) $ (0.31) $ (0.18) $ (0.68)
Weighted average shares used to calculate basic and diluted net loss per common share (in shares) 46,760 34,761 45,465 30,823