XML 46 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Net revenue:      
Total net revenue $ 162,636 $ 137,176 $ 160,757
Cost of goods sold:      
Total cost of goods sold 61,104 47,800 79,805
Gross profit $ 101,532 $ 89,376 $ 80,952
Gross profit margin 62.40% 65.20% 50.40%
Operating expenses:      
Product development $ 46,332 $ 55,345 $ 41,463
Sales and marketing 14,730 14,196 19,864
General and administrative 27,734 33,273 24,374
Depreciation of fixed assets 2,210 2,832 2,574
Amortization of internal-use software and intangibles 1,654 1,959 2,541
Impairments 0 0 23,740
Severance and other charges 1,584 2,529 582
Legal settlements 969 200 (125)
Total operating expense 95,213 110,334 115,013
Operating income (loss) 6,319 (20,958) (34,061)
Other (income) expense:      
Interest income (59) (107) (380)
Interest expense 12 20 9
Other (income) expense, net (145) 338 176
Income (loss) before taxes 6,511 (21,209) (33,866)
Income tax expense (benefit) 33 (208) 201
Net income (loss) 6,478 (21,001) (34,067)
Series A convertible preferred stock issuance costs   (1,031)  
Series A convertible preferred stock dividends (1,836) (1,576)  
Net income (loss) attributable to common shareholders $ 4,642 $ (23,608) $ (34,067)
Weighted average shares outstanding - basic 24,357 23,458 23,233
Income (loss) per share - basic $ 0.19 $ (1.01) $ (1.47)
Weighted average shares outstanding - dilted 25,483 23,458 23,233
Income (loss) per share - diluted $ 0.18 $ (1.01) $ (1.47)
Products [Member]      
Net revenue:      
Total net revenue $ 35,956 $ 26,714 $ 44,230
Cost of goods sold:      
Total cost of goods sold 19,251 13,506 36,427
Support, maintenance and subscription services [Member]      
Net revenue:      
Total net revenue 98,958 88,565 83,680
Cost of goods sold:      
Total cost of goods sold 21,141 17,985 19,248
Professional services [Member]      
Net revenue:      
Total net revenue 27,722 21,897 32,847
Cost of goods sold:      
Total cost of goods sold $ 20,712 $ 16,309 $ 24,130