Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.21.1
Segment Information (Tables)
 12 Months Ended
Mar. 31, 2021
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment[Table Text Block]
Segment information for the fiscal years ended March 31, 2021 and 2020, is set forth below:
  Fiscal Year Ended March 31, 2021
(in thousands) IBW ISM CNS Total
Revenue $ 9,683  $ 9,352  $ 10,912  $ 29,947 
Cost of revenue 7,159  4,108  8,608  19,875 
Gross profit 2,524  5,244  2,304  10,072 
Gross margin 26.1  % 56.1  % 21.1  % 33.6  %
Research and development 1,596  1,623  813  4,032 
Segment profit $ 928  $ 3,621  $ 1,491  6,040 
Operating expenses:
Sales and marketing 5,207 
General and administrative 4,086 
Intangible amortization 903 
Restructuring — 
Long-lived assets impairment 525 
Operating income (loss) from continuing operations (4,681)
Gain on forgiveness of first draw PPP loan 1,637 
Other income (expense), net 288 
Income tax (expense) benefit 22 
Net income (loss) from continuing operations $ (2,734)
Fiscal Year Ended March 31, 2020
(in thousands) IBW ISM CNS Total
Revenue $ 10,021  $ 10,101  $ 9,834  $ 29,956 
Cost of revenue 7,408  4,865  8,036  20,309 
Gross profit 2,613  5,236  1,798  9,647 
Gross margin 26.1  %

51.8  % 18.3  % 32.2  %
Research and development 1,757  2,237  1,352  5,346 
Segment profit $ 856  $ 2,999  $ 446  4,301 
Operating expenses:
Sales and marketing 7,592 
General and administrative 4,757 
Intangible amortization 1,233 
Restructuring 234 
Long-lived assets impairment 1,007 
Operating income (loss) from continuing operations (10,522)
Other income (expense), net 456 
Income tax (expense) benefit (36)
Net income (loss) from continuing operations $ (10,102)
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] Significant Customers and Concentration of CreditThe Company is dependent on certain major companies operating in telecommunications markets. Although, no customers exceeded 10% of total revenue during fiscal year 2021 or 2020,
Schedule of Major Customer Accounts Receivable [Table Text Block] eceivables from major customers that exceeded 10% of total accounts receivable balance are as follows:
  Fiscal Year Ended March 31,
  2021 2020
Customer 1 10.8  % 12.5  %
Customer 2 11.0  % 9.4  %
Customer 3 6.8  % 10.8  %
Customer 4 11.7  % 4.3  %