Current Results

403 Forbidden

Forbidden

You don't have permission to access this resource.

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL
v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenue, net:        
Revenue, net $ 26,762 $ 20,148 $ 83,018 $ 58,513
Cost of goods sold:        
Total cost of goods sold 16,334 15,154 56,064 42,723
Gross profit 10,428 4,994 26,954 15,790
Operating expenses:        
Research and development 971 744 2,594 1,882
Selling, general and administrative 7,409 6,313 21,125 19,496
Total operating expenses 8,380 7,057 23,719 21,378
Income (loss) from operations 2,048 (2,063) 3,235 (5,588)
Other income, net 208 364 1,185 1,577
Interest income 70 4 177 6
Interest expense (1,136) (986) (3,262) (3,003)
Income (loss) before provision for income taxes 1,190 (2,681) 1,335 (7,008)
Provision for income taxes 5 23 14 56
Net income (loss) $ 1,185 $ (2,704) $ 1,321 $ (7,064)
Net Income (loss) per share of common stock and non-voting common stock - basic (Note 13) (in dollars per share) $ (1.79) $ (0.14) $ (2.79) $ (0.37)
Net Income (loss) per share of common stock and non-voting common stock - dilutive (Note 13) (in dollars per share) $ (1.79) $ (0.14) $ (2.79) $ (0.37)
Weighted average shares used to calculate basic net loss per share of common stock and non-voting common stock (in shares) 21,051 19,049 19,945 19,049
Weighted average shares used to calculate diluted net loss per share of common stock and non-voting common stock (in shares) 21,051 19,049 19,945 19,049
Product and accessories        
Revenue, net:        
Revenue, net $ 13,573 $ 8,272 $ 45,405 $ 24,965
Cost of goods sold:        
Total cost of goods sold 12,714 9,073 41,394 25,622
Parts and services        
Revenue, net:        
Revenue, net 9,327 7,405 25,126 23,166
Cost of goods sold:        
Total cost of goods sold 1,155 3,929 8,115 10,127
Rentals        
Revenue, net:        
Revenue, net 3,862 4,471 12,487 10,382
Cost of goods sold:        
Total cost of goods sold $ 2,465 $ 2,152 $ 6,555 $ 6,974

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL
v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ 1,321 $ (7,064)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,152 3,023
Amortization of financing costs and discounts 89 71
Paid-in-kind interest expense 1,365 2,714
Interest related to deferred acquisition costs 132  
Non-cash lease expense 2,188 2,957
Provision for credit loss expense 399 621
Inventory write-down 581 639
Provision (benefit) for warranty expenses 145 (203)
Stock-based compensation 590 168
Changes in operating assets and liabilities:    
Accounts receivable (6,659) (6,066)
Inventories (946) 4,279
Lease receivable 443  
Prepaid expenses, other current assets and other assets (1,528) 1,887
Accounts payable 4,878 (552)
Accrued expenses 1,243 (54)
Operating lease liability, net (2,266) (2,988)
Accrued salaries and wages and long-term liabilities (1,239) (166)
Accrued warranty reserve (76) (154)
Deferred revenue (513) 4,083
Factory protection plan liability (1,324) (961)
Net cash provided by operating activities 1,975 2,234
Cash Flows from Investing Activities:    
Total business combination consideration, net of cash acquired 1,410  
Expenditures for property, plant, equipment and rental assets (773) (841)
Net cash provided by (used) in investing activities 637 (841)
Cash Flows from Financing Activities:    
Acquisition of treasury stock (210)  
Proceeds from the PIPE, net (Note 12) 13,592  
Repayment of Exit Note (Note 8) (8,331)  
Repayment of finance lease obligations (1,181) (164)
Net cash provided by (used in) financing activities 3,870 (164)
Net increase in Cash 6,482 1,229
Cash, Beginning of Period 8,671 2,085
Cash and restricted cash, End of Period 15,153 3,314
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:    
Interest 1,838 97
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:    
Income taxes 119 100
Supplemental Disclosures of Non-Cash Information:    
Right-of-use assets obtained in exchange for operating lease obligations 1,419  
Right-of-use assets obtained in exchange for finance lease obligations 1,720  
Rental assets transferred to inventory   3,067
Acquisition of treasury stock with accrued liabilities 46  
Settlement of lease liabilities through accounts receivable 979 $ 572
Operating lease modified to finance lease 614  
Accounts payable negotiated in lease modification $ 1,289  

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL