| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net income (loss) | |||||||||
-6,674 | -13,128 | -12,288 | -20,126 | -32,061 | -6,199 | -10,399 | 483 | 341 | -3,473 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||
Depreciation | |||||||||
1,339 | 1,404 | 1,451 | 2,950 | 2,853 | 3,798 | 4,322 | 3,981 | - | - |
Amortization of intangible assets | |||||||||
444 | 607 | 881 | - | - | - | - | - | - | - |
Amortization | |||||||||
- | - | - | 1,215 | 1,327 | 704 | 255 | 255 | - | - |
Depreciation and amortization | |||||||||
- | - | - | - | - | - | - | - | 3,270 | 2,673 |
Stock-based compensation | |||||||||
825 | 1,102 | 1,605 | 1,462 | 1,499 | 1,593 | 1,164 | 1,267 | 1,301 | 1,491 |
Amortization of debt issue costs | |||||||||
101 | 92 | 110 | - | - | - | - | - | - | - |
Accretion of fair value on contingent consideration | |||||||||
- | - | - | - | - | 11 | 0 | 0 | - | - |
Deferred income tax (benefit) expense | |||||||||
- | - | - | - | - | -2,123 | 4,158 | - | - | - |
Deferred income tax benefit | |||||||||
- | - | - | - | - | - | - | -755 | -1,184 | -1,112 |
Impairment of intangible assets | |||||||||
- | 710 | 250 | 6,023 | 12,130 | 0 | 0 | - | - | - |
Loss on sale of property and equipment | |||||||||
- | - | - | -40 | 21 | -1,733 | -69 | -133 | -1,025 | - |
Provision for inventory reserves | |||||||||
-202 | 1,261 | 2,212 | - | - | - | - | - | - | - |
Provision for inventory reserves | |||||||||
- | - | - | 509 | 361 | 1,995 | 859 | 167 | - | - |
Provision for inventory reserves | |||||||||
-202 | 1,261 | 2,212 | - | - | - | - | - | - | - |
Loss on sale of property and equipment | |||||||||
- | - | - | - | - | - | - | - | - | -546 |
Provision for bad debts | |||||||||
56 | 22 | 132 | 575 | 285 | 174 | 757 | 566 | 375 | 458 |
Extinguishment of debt | |||||||||
- | - | - | - | - | - | - | - | - | 139 |
Other | |||||||||
-57 | 94 | -178 | -258 | -265 | -165 | -71 | -85 | -51 | -48 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable, current and long-term | |||||||||
5,840 | -419 | -1,687 | -7,116 | 1,909 | -8,395 | -2,499 | -3,364 | 12,944 | 4,579 |
Revenue earned but not billed | |||||||||
1,390 | - | - | - | - | - | - | - | - | - |
Inventories | |||||||||
4,689 | -4,706 | -1,220 | 3,249 | 2,356 | -3,962 | -2,880 | 1,538 | 3,098 | 6,409 |
Deferred contract costs | |||||||||
0 | 65 | 899 | -137 | -651 | -1,376 | -75 | -7,396 | 8,036 | - |
Prepaid expenses and other assets | |||||||||
-68 | -391 | -1,974 | 2,645 | -1,261 | 1,072 | -1,315 | 2,025 | 2,542 | 1,979 |
Accounts payable | |||||||||
8,916 | 20 | -81 | 713 | 2,475 | -762 | -6,527 | 1,817 | 4,722 | -56 |
Accrued expenses and other | |||||||||
1,975 | -1,736 | -635 | 1,803 | 838 | -1,575 | 2,221 | 841 | -1,606 | - |
Deferred revenue, current and long-term | |||||||||
-44 | -126 | 300 | - | - | - | - | - | - | - |
Deferred revenue, current and long-term | |||||||||
- | - | - | -254 | -410 | -2,274 | -1,458 | -4,542 | 9,680 | - |
Accrued expenses | |||||||||
- | - | - | - | - | - | - | - | - | 1,813 |
Net cash provided by (used in) operating activities | |||||||||
-5,058 | -4,415 | -1,903 | -3,473 | -12,812 | 9,901 | 2,261 | 11,495 | -8,645 | -10,718 |
Investing activities | |||||||||
Cash paid for acquisition, net of cash acquired | |||||||||
- | - | - | - | - | 4,992 | 0 | 0 | - | - |
Purchases of property and equipment | |||||||||
381 | 512 | 660 | 401 | 2,006 | 410 | 2,159 | 4,324 | 2,611 | 5,649 |
Purchase of property and equipment leased to customers under PPAs | |||||||||
- | - | - | - | - | - | - | 3 | 2,343 | 2,651 |
Purchase of short-term investments | |||||||||
- | - | - | - | 2 | 4 | 5 | 5 | 11 | - |
Sale of short-term investments | |||||||||
- | - | - | - | 472 | 555 | 0 | 0 | - | 5,522 |
Additions to patents and licenses | |||||||||
68 | 73 | 291 | 6 | 234 | 43 | 153 | 224 | 157 | 299 |
Proceeds from sales of property, plant and equipment | |||||||||
- | - | 2,600 | 35 | 1,040 | 80 | 46 | 24 | 1 | 7 |
Net cash used in investing activities | |||||||||
-449 | -585 | 1,649 | -372 | -730 | -4,814 | -2,271 | -4,532 | -5,121 | -3,070 |
Financing activities | |||||||||
Payment of long-term debt | |||||||||
80 | 158 | 880 | 1,901 | 4,494 | 3,229 | 3,169 | 1,856 | 2,077 | 805 |
Proceeds from revolving credit facility | |||||||||
60,270 | 68,734 | 87,935 | 65,767 | 2,500 | 0 | 0 | - | - | - |
Payments of revolving credit facility | |||||||||
54,976 | 71,456 | 85,025 | 64,549 | 0 | 0 | - | - | - | - |
Proceeds from long-term debt | |||||||||
- | - | - | - | 446 | 0 | 380 | 5,989 | 3,721 | 200 |
Proceeds from repayment of shareholder notes | |||||||||
- | - | - | - | 46 | 215 | 38 | 56 | 3 | - |
Proceeds from issuance of common stock, net of issuance costs | |||||||||
- | - | - | -2 | 17,465 | 0 | 0 | 174 | 504 | 1,989 |
Payments to settle employee tax withholdings on stock-based compensation | |||||||||
10 | 9 | 19 | 34 | 22 | 0 | - | - | - | - |
Debt issue costs | |||||||||
396 | - | - | - | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | |||||||||
- | - | - | - | - | 13 | 70 | 989 | -132 | 80 |
Repurchase of common stock into treasury | |||||||||
- | - | - | - | - | - | 6,007 | 740 | 0 | 475 |
Deferred financing costs | |||||||||
- | - | - | - | 406 | 19 | 0 | 124 | 57 | - |
Net proceeds from employee equity exercises | |||||||||
4 | 6 | 8 | 104 | - | - | - | - | - | - |
Net proceeds from employee equity exercises | |||||||||
4 | 6 | 8 | 104 | 441 | 1,125 | 63 | - | - | - |
Net cash used in financing activities | |||||||||
4,812 | -2,883 | 2,019 | -615 | 15,976 | -1,895 | -8,625 | 4,488 | 1,962 | 989 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-695 | -7,883 | 1,765 | -4,460 | 2,434 | 3,192 | -8,635 | 11,451 | -11,804 | -12,799 |
Cash paid for interest | |||||||||
176 | 147 | 164 | - | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | 191 | 287 | 423 | 535 | 488 | 368 | 277 |
Cash received for income taxes | |||||||||
12 | 17 | 153 | 18 | 42 | - | - | - | - | - |
Cash paid for income taxes | |||||||||
- | - | - | - | - | 22 | 102 | 104 | 34 | 32 |
Purchase of property, plant and equipment by issuing a debt | |||||||||
74 | - | 175 | - | - | - | - | - | - | - |
Vendor financed capital lease addition | |||||||||
- | - | - | 396 | 0 | 0 | - | - | - | - |
Shares issued from treasury for shareholder note receivable | |||||||||
- | - | - | - | - | - | 82 | 84 | 196 | - |
Shares returned to treasury in satisfaction of employee tax liabilities from restricted stock vesting | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Shares returned to treasury in satisfaction of receivable | |||||||||
- | - | - | - | - | 48 | 0 | 0 | 50 | - |
Acquisition related contingent consideration liability | |||||||||
- | - | - | - | - | 612 | 0 | 0 | - | - |
Acquisition financed through debt | |||||||||
- | - | - | - | - | 3,123 | 0 | 0 | - | - |
Common stock issued for acquisition | |||||||||
- | - | - | - | - | 2,416 | 0 | 0 | - | - |