v3.26.3
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues $ 94,038 $ 65,862 $ 188,111 $ 138,220
Cost of revenues 67,508 45,423 136,855 93,292
Gross margin 26,530 20,439 51,256 44,928
Operating expenses:        
Research and development 3,771 3,729 7,695 8,033
Selling, general and administrative 18,268 13,408 36,886 27,611
Amortization of acquisition-related intangibles 463 337 930 674
Change in fair value (1,332) 0 (9,447) 0
Total operating expenses 21,170 17,474 36,065 36,318
Operating income [1] 5,360 2,965 15,191 8,610
Interest income, net 1,430 2,269 2,967 3,201
Other expense, net (396) (367) (1,012) (21)
Income before income tax expense 6,394 4,867 17,146 11,790
Income tax expense 3,395 117 4,657 316
Net income $ 2,999 $ 4,750 $ 12,489 $ 11,474
Net income per share of common stock        
Basic (in dollars per share) $ 0.06 $ 0.11 $ 0.27 $ 0.28
Diluted (in dollars per share) $ 0.06 $ 0.11 $ 0.27 $ 0.27
Weighted average number of shares of common stock outstanding        
Basic (in shares) 46,522 43,242 46,260 41,070
Diluted (in shares) 47,033 44,210 47,058 41,988
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.