The unaudited condensed consolidated financial statements for the three months ended June 30, 2024 have been revised.

a.Service contract term - The Company identified that there were inconsistencies in the period used to recognize service and subscription revenue, which is deferred under Topic 606 and recognized ratably over the contractual term of the contract. The Company’s management reviewed and updated the periods over which revenue was being recognized to ensure consistent application for all service contracts invoiced in the fiscal year ended March 31, 2025 and the results have been applied to revenue.

b.Application of Topic 606 related to standalone selling price - The Company also determined that the standalone selling price that was being used for the fiscal year ended March 31, 2025 needed to be updated resulting in an adjustment to revenue. Standalone selling price has now been refreshed for all goods and services sold in a bundled contract under Topic 606, maximizing the use of observable inputs.

The following tables present the impact of the revisions to the unaudited condensed consolidated financial statements for the three months ended June 30, 2024 (in thousands, unaudited):


	June 30, 2024
	As previously reported		Revisions		Reference	As revised
















Liabilities and Stockholders’ Deficit



Deferred revenue, current portion	$	74,802	$	(4,669)	a, b	$	70,133




Total current liabilities	155,608		(4,669)			150,939
Deferred revenue, net of current portion	36,759		3,747		a, b	40,506




Total liabilities	314,340		(922)			313,418

Stockholders' deficit



Accumulated deficit	(848,200)		922		a, b	(847,278)

Total stockholders’ deficit	(141,251)		922			(140,329)
Total liabilities and stockholders’ deficit	$	173,089	—			$	173,089


	Three Months Ended June 30, 2024
	As previously reported		Revisions		Reference	As revised
Revenue:
Product	$	40,994	$	1,658	b	$	42,652
Service and subscription	27,447		(736)		a, b	26,711






Gross profit	26,135		922			27,057






Loss from operations	(17,725)		922			(16,803)




Net loss before income taxes	(20,585)		922			(19,663)

Net loss	$	(20,820)	$	922		$	(19,898)


	Three Months Ended June 30, 2024
	As previously reported		Revisions		Reference	As revised
Operating activities
Net loss	$	(20,820)	$	922		$	(19,898)
Adjustments to reconcile net loss to net cash used in operating activities


















Deferred revenue	(5,126)		(922)		a, b	(6,048)




Net cash used in operating activities	$	(1,896)	$	—		$	(1,896)


	Common Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Stockholders' Deficit
Three Months Ended	Shares	Amount
Balance, March 31, 2024	4,792	$	48	$	708,027	$	(827,380)	$	(2,193)	$	(121,498)
Net loss	—	—		—		(19,898)		—		(19,898)
Foreign currency translation adjustments, net	—	—		—		—		142		142


Stock-based compensation	—	—		925		—		—		925
Balance, June 30, 2024, as revised	4,792	$	48	$	708,952	$	(847,278)	$	(2,051)	$	(140,329)