v3.20.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue $ 29,956 $ 43,570
Cost of revenue 20,309 25,206
Gross profit 9,647 18,364
Operating expenses    
Research and development 5,346 6,790
Sales and marketing 7,592 8,342
General and administrative 4,757 6,699
Intangibles amortization 1,233 3,435
Restructuring 234 0
Long-lived assets impairment 1,007 4,722
Total operating expenses 20,169 29,988
Operating income (loss) (10,522) (11,624)
Other income (expense), net 456 626
Income (loss) before income taxes (10,066) (10,998)
Income tax (expense) benefit (36) (39)
Net income (loss) from continuing operations (10,102) (11,037)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 (345)
Net income (loss)(1) [1] $ (10,102) $ (11,382)
Basic net income (loss) per share:    
Basic net income (loss) from continuing operations $ (0.65) $ (0.71)
Basic net income (loss) from discontinued operations 0.00 (0.02)
Earnings Per Share, Basic (0.65) (0.73)
Earnings Per Share, Diluted [Abstract]    
Income (Loss) from Continuing Operations, Per Diluted Share (0.65) (0.71)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.00 (0.02)
Earnings Per Share, Diluted $ (0.65) $ (0.73)
Weighted-average number of shares outstanding:    
Basic 15,530 15,517
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(2) [2] 0 0
Diluted 15,530 15,517
[1] Net income (loss) and comprehensive income (loss) are the same for the periods reported.
[2] The Company has 0.9 million and 1.0 million shares represented by common stock equivalents for the twelve months ended March 31, 2020 and 2019, respectively, which were not included in the computation of average dilutive shares outstanding because they were anti-dilutive. In periods with a net loss from continuing operations, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation because they are anti-dilutive.

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