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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Net revenue:        
Total net revenue $ 36,675 $ 41,987 $ 100,840 $ 121,099
Cost of goods sold:        
Total cost of goods sold 12,479 20,923 34,942 59,803
Gross profit $ 24,196 $ 21,064 $ 65,898 $ 61,296
Gross Profit Ratio 66.00% 50.20% 65.30% 50.60%
Operating expenses:        
Product development $ 12,376 $ 11,285 $ 28,900 $ 32,127
Sales and marketing 3,327 4,918 8,278 14,307
General and administrative 7,509 6,084 18,446 17,998
Depreciation of fixed assets 722 854 2,160 1,774
Amortization 521 608 1,490 1,900
Severance and other charges 1,552 11 2,762 438
Legal settlements, net     50 (125)
Total operating expense 26,007 23,760 62,086 68,419
Operating (loss) income (1,811) (2,696) 3,812 (7,123)
Other (income) expense:        
Interest income (27) (92) (76) (287)
Interest expense 9 25 13 28
Other expense (income), net 95 (142) 284 50
(Loss) income before taxes (1,888) (2,487) 3,591 (6,914)
Income tax expense 182 95 311 161
Net (loss) income (2,070) (2,582) 3,280 (7,075)
Series A convertible preferred stock issuance costs     (1,031)  
Series A convertible preferred stock dividends (459)   (1,117)  
Net (loss) income attributable to common shareholders $ (2,529) $ (2,582) $ 1,132 $ (7,075)
Weighted average shares outstanding - basic 23,429 23,240 23,419 23,230
Net (loss) income per share - basic: $ (0.11) $ (0.11) $ 0.05 $ (0.30)
Weighted average shares outstanding - diluted 23,429 23,240 23,903 23,230
Net (loss) income per share - diluted: $ (0.11) $ (0.11) $ 0.05 $ (0.30)
Products        
Net revenue:        
Total net revenue $ 7,599 $ 12,126 $ 19,396 $ 34,868
Cost of goods sold:        
Total cost of goods sold 3,660 9,639 9,625 28,056
Support, maintenance and subscription services        
Net revenue:        
Total net revenue 22,846 20,965 65,647 61,377
Cost of goods sold:        
Total cost of goods sold 4,655 4,841 13,515 13,676
Professional services        
Net revenue:        
Total net revenue 6,230 8,896 15,797 24,854
Cost of goods sold:        
Total cost of goods sold $ 4,164 $ 6,443 $ 11,802 $ 18,071