| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | |
|---|---|---|---|---|---|---|
Net cash flows from operating activities | ||||||
Net Income | ||||||
6,925 | -5,001 | -922 | -3,562 | -651 | 2,920 | |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
4,245 | 4,848 | 4,720 | 3,843 | 2,425 | 2,522 | |
Stock-based compensation | ||||||
2,941 | 3,253 | 1,578 | 748 | 248 | 321 | |
Exchange gain on payment of Exaxe acquisition | ||||||
169 | - | - | - | - | - | |
Impairment of goodwill | ||||||
- | - | 60 | - | - | - | |
Provision for doubtful receivables | ||||||
427 | 335 | 984 | -149 | 340 | -9 | |
Gain on sale of property and equipment | ||||||
9 | - | - | - | - | - | |
Deferred income taxes | ||||||
-301 | -1,300 | -429 | -2,227 | -877 | 748 | |
Change in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-2,271 | 6,767 | -9,049 | 13,135 | -2,173 | -2,026 | |
Unbilled accounts receivable | ||||||
8,619 | 1,216 | 1,399 | 1,615 | -2,402 | 785 | |
Prepaid expenses and other current assets | ||||||
6,130 | 3,284 | -428 | 1,355 | 72 | -851 | |
Accounts payable | ||||||
-312 | -570 | -751 | 2,097 | -53 | -82 | |
Accrued expenses and other liabilities | ||||||
8,963 | 7,130 | -1,459 | 6,215 | -2,019 | -3,212 | |
Deferred revenue | ||||||
-1,344 | 1,179 | -215 | 3,859 | -1,439 | -793 | |
Other liabilities | ||||||
-1,145 | -1,257 | -1,283 | -470 | 1,211 | -1,423 | |
Net cash provided by operating activities | ||||||
7,743 | -2,650 | 10,361 | - | - | - | |
Net cash flows from investing activities | ||||||
Net cash generated (used in) from operating activities | ||||||
- | - | - | -5,751 | 3,688 | 3,084 | |
Purchase of property and equipment | ||||||
1,690 | 1,166 | 2,104 | 2,875 | 775 | 1,007 | |
Purchase of intangible assets | ||||||
8 | 532 | 955 | 268 | 744 | 847 | |
Proceeds from the sale of property and equipment | ||||||
19 | 40 | 139 | 60 | - | - | |
Cash acquired on business combination | ||||||
- | - | - | 3,203 | - | - | |
Consideration paid for acquisition of Exaxe Holdings Ltd | ||||||
6,938 | - | - | 276 | - | - | |
Purchase consideration paid on acquisition of business (net of cash acquired) | ||||||
- | - | - | 0 | 2,842 | - | |
Sale/(Purchase) of investments | ||||||
28,108 | -869 | 223 | - | - | - | |
Sale/(Purchase) of investments | ||||||
- | - | - | 364 | -2,755 | 2,869 | |
Payment to related party | ||||||
- | - | - | 0 | 5,907 | - | |
Payment to Majesco as reorganization consideration | ||||||
- | - | - | 3,520 | - | - | |
Decrease in restricted cash | ||||||
3 | - | -1 | -48 | 3 | 208 | |
Net cash used in investing activities | ||||||
-36,728 | -789 | -3,142 | - | - | - | |
Net cash flows from financing activities | ||||||
Net cash used in investing activities | ||||||
- | - | - | -3,992 | -7,516 | -4,931 | |
Payment of capital lease obligations | ||||||
203 | 395 | -318 | 62 | 29 | 22 | |
Payment for buy back of non-controlling Interest | ||||||
- | - | - | 0 | -5 | - | |
Repayment of term loans | ||||||
8,333 | -4,709 | -13,404 | 34,060 | - | - | |
Repayment of working capital loan | ||||||
4,752 | 3,624 | 14,553 | - | - | - | |
Proceeds from right issue of shares | ||||||
43,477 | - | - | - | - | - | |
Proceeds from share issued to employees | ||||||
738 | - | - | - | - | - | |
Receipt of loan proceeds | ||||||
- | - | - | 43,340 | 3,000 | - | |
Net cash provided by/(used in) financing activities | ||||||
30,927 | 690 | -831 | - | - | - | |
Net cash (used in)/provided by financing activities | ||||||
- | - | - | 9,218 | 2,966 | -22 | |
Effect of exchange rate changes on cash and cash equivalents and restricted cash | ||||||
- | - | - | -217 | 108 | -432 | |
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash | ||||||
225 | 266 | -477 | - | - | - | |
Net increase in cash and cash equivalents, and restricted cash | ||||||
2,167 | -2,483 | 5,911 | - | - | - | |
Net increase in cash and cash equivalents | ||||||
- | - | - | -742 | -754 | -2,301 | |
Supplementary disclosure of cash flow information | ||||||
Cash paid for interest | ||||||
450 | 491 | 591 | - | - | - | |
Cash paid for interest | ||||||
- | - | - | 510 | 200 | 64 | |
Income taxes paid | ||||||
3,165 | 3,235 | 614 | 1,257 | 1,278 | 2,238 | |
Non-cash items - Assets acquired under capital leases | ||||||
- | - | 484 | 40 | 12 | 11 | |