v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net income (loss) $ 133,809 $ 6,033 $ (11,111)
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization 7,386 5,560 4,494
Stock-based compensation expense 15,869 7,794 4,652
Provision for excess and obsolete inventory 3,497 1,532 1,970
Amortization of operating lease right-of-use assets 1,068 976 321
Deferred income taxes (118,683) (4,304) 65
Earnings (loss) from equity method investments (220) 132 0
Change in fair value 4,171 6,682 4,922
Other non-cash items 316 (587) 44
Unrealized foreign exchange gain on cash and cash equivalents (2) (41) (2)
Changes in operating asset and liability accounts:      
Accounts receivable (16,292) (3,213) 4,340
Inventory (6,961) (7,707) (6,841)
Prepaid expenses and other current assets (598) 543 5,992
Operating leases (503) (1,563) (327)
Accounts payable and accrued expenses 7,142 3,209 (13,498)
Deferred revenue (6,851) 13,239 7,117
Net cash provided by operating activities 23,148 28,285 2,138
Cash flows from investing activities:      
Purchases of property, plant and equipment (4,888) (2,415) (934)
Cash paid for acquisition, net of cash acquired (72,096) (29,577) 0
Change in other assets (98) 64 (27)
Net cash used in investing activities (77,082) (35,206) (961)
Cash flows from financing activities:      
Repurchase of treasury stock 0 (126) 0
Repayment of debt (8,809) (25) (65)
Cash paid related to registration of common stock shares 0 (148) 0
Proceeds from public equity offering, net of offering expenses 124,501 0 65,227
Proceeds from exercise of employee stock options and ESPP 391 307 279
Net cash provided by financing activities 116,082 8 65,441
Effect of exchange rate changes on cash, cash equivalents and restricted cash 24 14 (13)
Net (decrease) increase in cash, cash equivalents and restricted cash 62,172 (6,899) 66,605
Cash, cash equivalents and restricted cash at beginning of year 85,381 92,280 25,675
Cash, cash equivalents and restricted cash at end of year 147,553 85,381 92,280
Supplemental schedule of cash flow information:      
Cash paid for income taxes, net of refunds 706 312 286
Non-cash investing and financing activities      
Right-of-use assets obtained in exchange for new lease obligations 1,136 2,247 680
Postemployment Retirement Benefits [Member]      
Non-cash investing and financing activities      
Issuance of common stock 1,467 845 624
Megatran Acquisition [Member]      
Non-cash investing and financing activities      
Issuance of common stock 0 6,504 3,092
NWL Pacific Inc. Co., LTD [Member]      
Cash flows from investing activities:      
Cash paid to settle NWL contingent consideration liability 0 (3,278) 0
Non-cash investing and financing activities      
Issuance of common stock 0 31,350 0
Comtrafo Industria de Transformadores Eletricos S.A. (Comtrafo) [Member]      
Cash flows from operating activities:      
Net income (loss) (3,200)    
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Change in fair value 4,200    
Non-cash investing and financing activities      
Issuance of common stock $ 79,713 $ 0 $ 0