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 loss $ (39,008) $ (32,878) $ (37,010)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:      
Depreciation & amortization 9,102 11,222 12,602
Impairment of assets 1,065 3,599 3,079
Amortization of deferred financing fees and debt discount 307 412 578
Bad debt expense 74 0 154
Stock-based compensation expense 14,351 12,735 12,931
Loss on disposal of assets 534 23 72
Provision for inventory obsolescence 1,470 1,587 (548)
Gain on extinguishment of debt 0 0 (1,828)
Change in fair value of warrant liabilities and derivatives (913) 521 (2,738)
Paid in kind interest on convertible notes 0 2,235 2,119
Non-cash lease expense 4,271 4,516 4,100
Changes in operating assets and liabilities:      
Accounts receivable (2,940) (1,756) (1,296)
Inventory 11,110 (5,535) 40,706
Prepaid expenses and other current assets (1,577) (986) (1,074)
Other assets (629) (1,547) 700
Accounts payable and accrued expenses (13,389) 11,691 (17,779)
Deferred revenue 977 (4,707) (1,814)
Operating lease liabilities (5,717) (5,294) (4,830)
Other liabilities (2,246) (2,917) (2,064)
Net cash (used in) provided by operating activities (23,158) (7,079) 6,060
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (3,416) (6,157) (8,831)
Net cash used in investing activities (3,416) (6,157) (8,831)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of restricted stock units held for taxes (1,454) (2,867) (1,409)
Payment of finance lease obligations (59) (225) (215)
Proceeds from the exercise of stock options 74 1,358 108
Proceeds from issuance of common stock under ESPP 359 425 489
Payments to repurchase common stock (1,770) (18,505) (6,225)
Excise tax from stock repurchases 20 (56) (63)
Payments of long-term debt (42,880) 0 (42,300)
Net cash used in financing activities (45,710) (19,870) (49,615)
Effect of exchange rate changes on cash (81) (69) 24
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (72,365) (33,174) (52,362)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD 97,531 130,705 183,067
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 25,166 97,531 130,705
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:      
Cash and cash equivalents 19,282 94,022 125,495
Restricted cash—prepaid expenses and other current assets, other noncurrent assets 5,884 3,509 5,210
Total cash, cash equivalents and restricted cash 25,166 97,531 130,705
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid for interest 2,833 100 2,385
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Purchases of property and equipment included in accounts payable and accrued liabilities 0 182 4
Establishment of operating lease $ 794 $ 0 $ 0