XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Condensed Consolidated Statements of Operations [Abstract]        
Net sales $ 196,639,000 $ 172,543,000 $ 356,344,000 $ 336,528,000
Cost of goods sold 155,491,000 146,027,000 288,629,000 279,710,000
Gross profit 41,148,000 26,516,000 67,715,000 56,818,000
Operating expenses:        
General and administrative 14,325,000 14,846,000 26,927,000 28,480,000
Sales and marketing 5,688,000 6,066,000 11,107,000 11,608,000
Research and development 2,438,000 2,670,000 4,813,000 5,783,000
Foreign exchange impact of lease liabilities and forward contracts 4,760,000 1,082,000 490,000 1,760,000
Total operating expenses 27,211,000 24,664,000 43,337,000 47,631,000
Operating income 13,937,000 1,852,000 24,378,000 9,187,000
Other Expenses:        
Interest expense, net 15,383,000 9,283,000 27,103,000 16,204,000
Change in fair value of compound net derivative liability 390,000 0 530,000 0
Loss on extinguishment of debt 168,000 0 168,000 0
Total other expenses 15,941,000 9,283,000 27,801,000 16,204,000
Loss before income tax benefit (2,004,000) (7,431,000) (3,423,000) (7,017,000)
Income tax benefit (46,000) (914,000) (55,000) (325,000)
Net loss $ (1,958,000) $ (6,517,000) $ (3,368,000) $ (6,692,000)
Basic net loss per share (in dollars per share) $ (0.1) $ (0.34) $ (0.17) $ (0.35)
Diluted net loss per share (in dollars per share) $ (0.1) $ (0.34) $ (0.17) $ (0.35)
Weighted average number of shares outstanding:        
Basic (in shares) 19,599,162 19,272,557 19,554,142 19,197,181
Diluted (in shares) 19,599,162 19,272,557 19,554,142 19,197,181