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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Net revenue:        
Total net revenue $ 49,920 $ 39,460 $ 145,168 $ 116,078
Cost of goods sold:        
Total cost of goods sold 19,144 14,744 56,532 42,238
Gross profit $ 30,776 $ 24,716 $ 88,636 $ 73,840
Gross profit margin 61.70% 62.60% 61.10% 63.60%
Operating expenses:        
Product development $ 12,416 $ 11,210 $ 36,550 $ 34,074
Sales and marketing 5,886 3,943 16,619 10,418
General and administrative 7,928 6,804 22,850 20,330
Depreciation of fixed assets 437 495 1,371 1,609
Amortization of internal-use software and intangibles 430 267 1,326 1,077
Other charges 93 381 374 1,187
Legal settlements 104 4 104 371
Total operating expense 27,294 23,104 79,194 69,066
Operating income 3,482 1,612 9,442 4,774
Other (income) expense:        
Interest income (704) (10) (1,186) (45)
Interest expense 0 4 0 5
Other (income) expense, net (384) 52 (799) 53
Income before taxes 4,570 1,566 11,427 4,761
Income tax expense 678 24 920 265
Net income 3,892 1,542 10,507 4,496
Series A convertible preferred stock dividends (459) (459) (1,377) (1,377)
Net income attributable to common shareholders $ 3,433 $ 1,083 $ 9,130 $ 3,119
Weighted average shares outstanding - basic 24,703 24,477 24,651 24,315
Net income per share - basic: $ 0.14 $ 0.04 $ 0.37 $ 0.13
Weighted average shares outstanding - diluted 26,070 25,392 25,780 25,327
Net income per share - diluted: $ 0.13 $ 0.04 $ 0.35 $ 0.12
Products [Member]        
Net revenue:        
Total net revenue $ 10,697 $ 8,101 $ 32,291 $ 24,244
Cost of goods sold:        
Total cost of goods sold 5,368 4,400 16,682 12,420
Subscription and maintenance [Member]        
Net revenue:        
Total net revenue 30,154 25,136 86,917 72,371
Cost of goods sold:        
Total cost of goods sold 6,767 5,421 19,223 15,184
Professional services [Member]        
Net revenue:        
Total net revenue 9,069 6,223 25,960 19,463
Cost of goods sold:        
Total cost of goods sold $ 7,009 $ 4,923 $ 20,627 $ 14,634