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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenue:        
Total net revenue $ 34,360 $ 40,722 $ 64,166 $ 79,111
Cost of goods sold:        
Total cost of goods sold 11,206 20,505 22,463 38,879
Gross profit $ 23,154 $ 20,217 $ 41,703 $ 40,232
Gross Profit Ratio 67.40% 49.60% 65.00% 50.90%
Operating expenses:        
Product development $ 8,257 $ 10,778 $ 16,524 $ 20,842
Sales and marketing 2,350 4,890 4,951 9,389
General and administrative 5,217 6,038 10,936 11,911
Depreciation of fixed assets 715 707 1,438 920
Amortization 508 614 968 1,292
Severance and other charges 7 190 1,210 421
Legal settlements, net 50 (119) 50 (119)
Total operating expense 17,104 23,098 36,077 44,656
Operating income (loss) 6,050 (2,881) 5,626 (4,424)
Other (income) expense:        
Interest income (28) (114) (49) (194)
Interest expense 2 2 3 3
Other expense, net 88 108 194 193
Income (loss) before taxes 5,988 (2,877) 5,478 (4,426)
Income tax expense 121 41 128 67
Net income (loss) 5,867 (2,918) 5,350 (4,493)
Series A convertible preferred stock issuance costs (94)   (1,031)  
Series A convertible preferred stock dividends (459)   (658)  
Net income (loss) attributable to common shareholders $ 5,314 $ (2,918) $ 3,661 $ (4,493)
Weighted average shares outstanding - basic 23,424 23,238 23,415 23,225
Net income (loss) per share - basic: $ 0.23 $ (0.13) $ 0.16 $ (0.19)
Weighted average shares outstanding - diluted 23,866 23,238 23,849 23,225
Net income (loss) per share - diluted: $ 0.22 $ (0.13) $ 0.15 $ (0.19)
Products        
Net revenue:        
Total net revenue $ 6,559 $ 11,873 $ 11,798 $ 22,742
Cost of goods sold:        
Total cost of goods sold 2,950 9,794 5,965 18,417
Support, maintenance and subscription services        
Net revenue:        
Total net revenue 22,304 20,329 42,801 40,411
Cost of goods sold:        
Total cost of goods sold 4,555 4,654 8,860 8,834
Professional services        
Net revenue:        
Total net revenue 5,497 8,520 9,567 15,958
Cost of goods sold:        
Total cost of goods sold $ 3,701 $ 6,057 $ 7,638 $ 11,628