FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 30, 2022

Cash, cash equivalents, and available-for-sale investments were as follows:


As of September 30, 2022	Amortized Costs		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value		Cash and Cash Equivalents		Restricted Cash (Current & Non-current)		Short-Term Investments		Long-Term Investments
Cash	$	88,288	$	—	$	—	$	88,288	$	88,288	$	—	$	—	$	—
Level 1:
Money market funds	2,184		—		—		2,184		2,184		—		—		—
Treasury securities			—						—		—		—		—
Subtotal	90,472		—		—		90,472		90,472		—		—		—
Level 2:
Certificate of deposit	1,329		—		—		1,329		—		1,329		—		—
Commercial paper	18,460		—		(22)		18,438		10,040				8,398		—
Corporate debt	22,211				(198)		22,013						22,013		—
Subtotal	42,000		—		(220)		41,780		10,040		1,329		30,411		—
Total assets	$	132,472	$	—	$	(220)	$	132,252	$	100,512	$	1,329	$	30,411	$	—


As of March 31, 2022	Amortized Costs		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value		Cash and Cash Equivalents		Restricted Cash (Current & Non-current)		Short-Term Investments		Long-Term Investments
Cash	$	70,095	$	—	$	—	$	70,095	$	70,095	$	—	$	—	$	—
Level 1:
Money market funds	12,865		—		—		12,865		12,865		—		—		—
Treasury securities	4,573		—		(7)		4,566		—		—		4,566		—
Subtotal	87,533		—		(7)		87,526		82,960		—		4,566		—
Level 2:
Certificate of deposit	9,509		—		—		9,509		—		9,509		—		—
Commercial paper	23,950		—		(34)		23,916		800		—		16,471		—
Corporate debt	27,442		—		(163)		27,279		7,445		—		23,808		2,671
Subtotal	60,901		—		(197)		60,704		8,245		9,509		40,279		2,671
Total assets	$	148,434	$	—	$	(204)	$	148,230	$	91,205	$	9,509	$	44,845	$	2,671

Summary of Assumptions Used in Determination of Fair Value

The following table presents additional information about valuation techniques and inputs used for the Warrants (See Note 7, Convertible Senior Notes, Term Loan and Capped Calls) that are measured at fair value and categorized within Level 3 as of September 30, 2022 (fair value amounts in thousands):

Fair Value

Valuation Technique

Unobservable Inputs

Inputs value


Warrants	$4,621	Black-Scholes option-pricing model	Stock volatility	68.8	%
			Risk-free rate	4.1	%
			Expected term	5.0 years

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details