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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
Cash, cash equivalents, and available-for-sale investments were as follows:
As of March 31, 2023Amortized
Costs
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Estimated
Fair Value
Cash and
Cash
Equivalents
Restricted Cash
(Current & Non-current)
Short-Term
Investments
Long-Term
Investments
Cash$95,828 $— $— $95,828 $95,828 $— $— $— 
Level 1:
Money market funds8,935 — — 8,935 8,935 — — — 
Treasury securities1,599 (1)1,602 — — 1,602 — 
Subtotal106,362 (1)106,365 104,763 — 1,602 — 
Level 2:
Certificates of deposit1,329 — — 1,329 — 1,329 — — 
Commercial paper8,610 — (2)8,608 6,637 — 1,971 — 
Corporate debt22,625 55 (25)22,655 — — 22,655 — 
Subtotal32,564 55 (27)32,592 6,637 1,329 24,626 — 
Total assets$138,926 $59 $(28)$138,957 $111,400 $1,329 $26,228 $— 
As of March 31, 2022Amortized
Costs
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Estimated
Fair Value
Cash and
Cash
Equivalents
Restricted Cash
(Current & Non-current)
Short-Term
Investments
Long-Term
Investments
Cash$70,095 $— $— $70,095 $70,095 $— $— $— 
Level 1:
Money market funds12,865 — — 12,865 12,865 — — — 
Treasury securities4,573 (7)4,566 — — 4,566 — 
Subtotal87,533 — (7)87,526 82,960 — 4,566 — 
Level 2:
Certificates of deposit9,509 — — 9,509 — 9,509 — — 
Commercial paper23,950 — (34)23,916 7,445 — 16,471 — 
Corporate debt27,442 — (163)27,279 800 — 23,808 2,671 
Subtotal60,901 — (197)60,704 8,245 9,509 40,279 2,671 
Total assets$148,434 $— $(204)$148,230 $91,205 $9,509 $44,845 $2,671 
Fair Value Measurement Inputs and Valuation Techniques
The following table presents additional information about valuation techniques and inputs used for the Warrants (see Note 7, Convertible Senior Notes, Term Loan and Capped Calls) that are measured at fair value and categorized within Level 3 as of March 31, 2023 (fair value amounts in thousands):
Fair ValueValuation TechniqueUnobservable InputsInputs value
Warrants$5,497Black-Scholes option-pricing modelStock volatility67.2%
Risk-free rate3.6%
Expected term4.4