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Quarterly Results (Unaudited)
 12 Months Ended
Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)

Because quarterly reporting of per share data is used independently for each reporting period, the sum of per share amounts for the four quarters in the fiscal year will not necessarily equal annual per share amounts. GAAP prohibits retroactive adjustment of quarterly per share amounts so that the sum of those amounts equals amounts for the full year.

We have traditionally experienced seasonal revenue weakness during our fiscal first quarter ending June 30. Additionally, the timing of large one-time orders, such as those associated with significant remarketed product sales around large customer refresh cycles or significant volume rollouts, occasionally creates volatility in our quarterly results.

 
Year ended March 31, 2018
 
First
Second
Third
Fourth
Year
(In thousands except per share data)
Quarter
Quarter
Quarter
Quarter
Net revenue
$
33,865

$
30,129

$
31,310

$
32,056

$
127,360

Gross profit
16,670

15,370

15,628

16,749

64,417

Restructuring, severance and other charges
37

826

378

557

1,798

Legal settlements
—

—

150

—

150

Net loss
$
(2,958
)
$
(3,248
)
$
(1,934
)
$
(210
)
$
(8,350
)
 
 
 
 
 
 
Per share data-basic and diluted
 
 
 
 
 
Net loss
$
(0.13
)
$
(0.14
)
$
(0.08
)
$
(0.01
)
$
(0.37
)

 
Year ended March 31, 2017
 
First
Second
Third
Fourth
Year
(In thousands except per share data)
Quarter
Quarter
Quarter
Quarter
Net revenue
$
30,953

$
32,676

$
33,448

$
30,602

$
127,678

Gross profit
16,191

15,879

16,241

15,475

63,785

Restructuring, severance and other charges
89

—

1,395

77

1,561

Legal settlements
—

85

—

—

85

Net loss
$
(2,297
)
$
(2,400
)
$
(1,737
)
$
(5,287
)
$
(11,721
)
 
 
 
 
 
 
Net loss Per share data-basic and diluted
$
(0.10
)
$
(0.11
)
$
(0.08
)
$
(0.23
)
$
(0.52
)