| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 |
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-105,386 | -82,338 | -85,069 | -33,878 | -59,059 | -10,165 | -4,714 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation, amortization and loss on disposal of fixed assets | ||||||
12,767 | 10,405 | 9,461 | 2,945 | 1,676 | 622 | 691 |
Share-based compensation | ||||||
4,957 | 4,156 | 4,221 | 2,004 | 1,138 | 933 | 471 |
Amortization of lease incentive | ||||||
-372 | 435 | 428 | 434 | 443 | - | - |
Swiss pension obligation | ||||||
575 | 659 | 616 | - | - | - | - |
Amortization of deferred debt issue costs | ||||||
5,908 | 4,359 | 6,774 | 1,472 | 776 | 464 | - |
Accrued preference share dividends | ||||||
1,050 | 1,050 | 1,050 | 1,050 | 175 | - | - |
Deferred income taxes | ||||||
44 | -649 | - | - | - | - | - |
Change in financial liability for share warrants | ||||||
- | - | - | -15,857 | 22,966 | - | - |
Net change in assets and liabilities: | ||||||
Trade accounts receivable, net | ||||||
637 | 87 | 584 | 519 | -362 | 748 | 64 |
Inventories | ||||||
93 | 1,741 | 1,766 | 8,126 | 552 | 897 | 776 |
Accounts payable and accrued liabilities | ||||||
370 | -3,310 | 9,960 | 955 | 7,358 | 5,100 | -200 |
Accrued compensation and benefits | ||||||
1,121 | 1,596 | 778 | 812 | 772 | 874 | 720 |
Lease incentive | ||||||
- | - | - | - | - | 2,907 | - |
Other assets | ||||||
-3,297 | 2,083 | 1,213 | -2,603 | 1,760 | 3,470 | -254 |
Net cash used in operating activities | ||||||
-75,655 | -68,418 | -56,200 | -46,973 | -26,591 | -4,380 | -3,618 |
Increase in short-term investments | ||||||
119,000 | 78,000 | 30,009 | - | - | - | - |
Realization of short-term investments | ||||||
34,735 | 88,395 | 13,971 | - | - | - | - |
Purchase of property and equipment | ||||||
4,791 | 21,604 | 20,155 | 28,906 | 23,854 | 7,226 | 891 |
Sale of property and equipment | ||||||
- | 19,741 | - | - | - | - | - |
Payment of rent deposit | ||||||
- | 5,043 | - | - | - | - | - |
Purchase of intangible assets | ||||||
3 | 150 | 71 | 71 | 188 | -94 | 234 |
Net cash used in investing activities | ||||||
-89,059 | 3,339 | -36,264 | -28,977 | -24,042 | -7,132 | -1,125 |
FINANCING ACTIVITIES: | ||||||
Repayment of finance leases | ||||||
486 | 1,692 | 141 | -39 | 195 | -166 | 410 |
Proceeds from drawdown of new debt | ||||||
36,000 | - | 84,000 | 15,500 | - | 15,000 | - |
Repayment of debt | ||||||
- | - | 33,450 | 500 | - | 3,000 | - |
Debt issuance costs and fees paid to noteholders | ||||||
1,216 | - | 5,530 | 703 | - | 372 | - |
Fees paid to noteholders | ||||||
3,900 | - | - | - | - | - | - |
Proceeds from issuance of ordinary shares and warrants | ||||||
115,024 | 84,984 | 16,703 | 71,390 | - | - | - |
Net cash generated from financing activities | ||||||
145,422 | 83,292 | 61,582 | 85,648 | 85,074 | 14,594 | 4,673 |
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | ||||||
5,690 | -2,802 | -3,424 | -3,123 | -4,108 | -109 | -65 |
Change in cash, cash equivalents and restricted cash | ||||||
-13,602 | 15,411 | -34,306 | 6,575 | 30,333 | 2,973 | -135 |
Supplemental cash flow disclosures: | ||||||
Interest paid | ||||||
11,838 | 10,144 | 1,702 | 2,164 | 1,364 | 637 | 123 |
Reconciliation of cash, cash equivalents and restricted cash: | ||||||
Proceeds from issuance of preference shares | ||||||
- | - | - | - | 15,000 | 2,885 | 4,263 |
Proceeds from issuance of ordinary shares | ||||||
- | - | - | - | 69,879 | 247 | - |