Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]        
Net revenues $ 38,031 $ 22,285 $ 92,042 $ 69,156
Cost of revenues        
License fees and revenue share 27,719 17,039 66,485 54,060
Other direct cost of revenues 651 1,878 1,917 5,640
Total cost of revenues 28,370 18,917 68,402 59,700
Gross profit 9,661 3,368 23,640 9,456
Operating expenses        
Product development 3,623 3,113 9,218 9,065
Sales and marketing 2,042 1,683 5,288 4,655
General and administrative 4,592 3,982 12,504 13,902
Total operating expenses 10,257 8,778 27,010 27,622
Loss from operations (596) (5,410) (3,370) (18,166)
Interest and other expense, net        
Interest expense, net 446 725 1,815 2,029
Foreign exchange transaction gain / (loss) 35 (9) (182) (13)
Change in fair value of convertible note embedded derivative liability (1,658) 2,853 (6,310) 2,423
Change in fair value of warrant liability (898) 937 (2,526) 797
Loss on extinguishment of debt (284) 0 (1,166) (293)
Other income / (expense) (36) 68 0 101
Total interest and other expense, net (3,287) 3,124 (11,999) 986
Loss from operations before income taxes (3,883) (2,286) (15,369) (17,180)
Income tax provision / (benefit) (84) 300 (937) 159
Net loss (3,799) (2,586) (14,432) (17,339)
Other comprehensive income / (loss)        
Foreign currency translation adjustment 0 5 (5) (48)
Comprehensive loss $ (3,799) $ (2,581) $ (14,437) $ (17,387)
Basic and diluted net loss per common share (in dollars per share) $ (0.05) $ (0.04) $ (0.21) $ (0.26)
Weighted average common shares outstanding, basic and diluted (shares) 72,148 66,634 68,575 66,416