v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Share capital
Share capital
Common shares
Pre-funded warrants
Warrants
Options
RSU and PSUs
Contributed surplus
Deficit
Accumulated other comprehensive Income (loss)
Balance (in shares) at Mar. 31, 2024   20,001,404   0            
Balance at Mar. 31, 2024 $ 215,445 $ 331,000   $ 0 $ 19,060 $ 30,283 $ 0 $ 8,756 $ (173,786) $ 132
Changes in equity [abstract]                    
Adjustment for fractional shares upon share consolidation (in shares)   2                
At-the-market offering - net of share issuance costs (in shares)   1,609,298                
At-the-market offering - net of share issuance costs 14,666 $ 14,666                
Share issuance costs (361) $ (361)                
Options forfeited/expired 0         (23,870)   23,870    
Share-based compensation 31,282       1,433 29,849        
Unrealized loss on translation of foreign operations (14,428)                 (14,428)
Net loss for the year (81,607)               (81,607)  
Balance (in shares) at Mar. 31, 2025   21,610,704   0            
Balance at Mar. 31, 2025 164,997 $ 345,305   $ 0 20,493 36,262 0 32,626 (255,393) (14,296)
Changes in equity [abstract]                    
Foreign exchange impact of change in functional currency 0 $ (22,292)     (1,299) (3,272)   (1,731) 13,856 14,738
Share issuance net of share issuance costs (in shares)   22,277,750                
Share issuance net of share issuance costs 135,919 $ 120,165     15,754          
Pre-funded warrants net of issuance costs (in shares)       4,605,500            
Pre-funded Warrants Net Of Issuance Costs 28,099     $ 24,842 3,257          
Pre-funded warrants exercised (in shares)   1,565,246   (1,565,250)            
Pre-funded warrants exercised 0 $ 8,443   $ (8,443)            
At-the-market offering - net of share issuance costs (in shares)   1,422,423                
At-the-market offering - net of share issuance costs 10,133 $ 10,133                
Share issuance costs (205) $ (205)                
Conversion of convertible debentures - net of issuance costs (in shares)   4,584,856                
Conversion of convertible debentures - net of issuance costs 29,815 $ 29,815                
Class B shares cancellation (in shares)   (9,496)                
Class B shares cancellation 0 $ (373)           373    
Options exercised (in shares)   7,894                
Options exercised 53 $ 90       (37)        
Restricted share units vested (in shares)     183,328              
Restricted share units vested 0 1,096         (1,096)      
Shares withheld for tax obligations (in shares)     (10,901)              
Shares withheld related to employee tax obligations (75) $ (75)                
Options forfeited/expired 0         (3,704)   3,704    
Share-based compensation 10,863         2,314 8,549      
Unrealized loss on translation of foreign operations 188                 188
Net loss for the year (147,998)               (147,998)  
Balance (in shares) at Mar. 31, 2026   51,631,804   3,040,250            
Balance at Mar. 31, 2026 $ 231,789 $ 492,102   $ 16,399 $ 38,205 $ 31,563 $ 7,453 $ 34,972 $ (389,535) $ 630