Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income / (Loss)

v3.7.0.1
Consolidated Statements of Operations and Comprehensive Income / (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]      
Net revenues $ 91,553 $ 86,541 $ 28,252
Cost of revenues      
License fees and revenue share 70,252 66,185 20,110
Other direct cost of revenues 7,938 10,537 2,010
Total cost of revenues 78,190 76,722 22,120
Gross profit 13,363 9,819 6,132
Operating expenses      
Product development 12,035 10,983 7,905
Sales and marketing 6,537 6,067 2,933
General and administrative 16,811 18,705 19,031
Total operating expenses 35,383 35,755 29,869
Loss from operations (22,020) (25,936) (23,737)
Interest and other income / (expense), net      
Interest expense, net (2,628) (1,816) (234)
Foreign exchange transaction gain / (loss) (88) (29) 32
Change in fair value of convertible note embedded derivative liability 475 0 0
Change in fair value of warrant liability 147 0  
Loss on extinguishment of debt (293) 0 (9)
Loss on extinguishment of debt (293) 0 0
Gain / (loss) on disposal of fixed assets 0 (37) 2
Other income / (expense) (1) 0 46
Total interest and other income / (expense), net (2,388) (1,882) (163)
Loss from operations before income taxes (24,408) (27,818) (23,900)
Income tax provision (144) 214 747
Net loss (24,264) (28,032) (24,647)
Other comprehensive income / (loss)      
Foreign currency translation adjustment (119) (150) 147
Comprehensive loss $ (24,383) $ (28,182) $ (24,500)
Basic and diluted net loss per common share ($ per share) $ (0.36) $ (0.46) $ (0.63)
Weighted average common shares outstanding, basic and diluted (in shares) 66,511 61,763 38,967