| Mar'20 | Mar'19 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-16,500 | -7,083 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization of property and equipment | ||||||
258 | 188 | |||||
Amortization of intangible assets | ||||||
66 | 57 | |||||
Foreign exchange gain | ||||||
2,828 | 2,116 | |||||
Loss on disposal of property and equipment | ||||||
-16 | 0 | |||||
Stock-based compensation expense | ||||||
2,291 | 1,260 | |||||
Amortization of discount on investments | ||||||
47 | 209 | |||||
Deferred tax expense | ||||||
177 | 148 | |||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-1,092 | 733 | |||||
Operating lease right-of-use assets and lease obligations | ||||||
-3 | -3 | |||||
Prepaid expenses and other current assets | ||||||
4,656 | 284 | |||||
Accounts payable | ||||||
386 | 1,099 | |||||
Accrued expenses | ||||||
-916 | -2,018 | |||||
Deferred revenue | ||||||
-4,602 | -3,822 | |||||
Net cash used in operating activities | ||||||
-25,260 | -13,510 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of marketable securities | ||||||
17,091 | 11,263 | |||||
Proceeds from maturities of marketable securities | ||||||
13,251 | 19,717 | |||||
Purchases of intangible assets | ||||||
0 | 178 | |||||
Purchases of property and equipment | ||||||
148 | 421 | |||||
Net cash (used in) provided by investing activities | ||||||
-3,988 | 7,855 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Payment of offering costs | ||||||
164 | 0 | |||||
Proceeds from stock options exercised | ||||||
602 | 28 | |||||
Net cash provided by financing activities | ||||||
438 | 28 | |||||
Foreign exchange impact on cash, cash equivalents and restricted cash | ||||||
-3,002 | -2,004 | |||||
Net decrease in cash, cash equivalents and restricted cash | ||||||
-31,812 | -7,631 | |||||
SUPPLEMENTAL DISCLOSURES: | ||||||
Non-cash purchases of property, equipment and intangibles | ||||||
126 | 0 | |||||