Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]      
Net revenues $ 74,751 $ 40,207 $ 22,251
Cost of revenues      
License fees and revenue share 47,967 26,374 13,314
Other direct cost of revenues 1,729 2,575 7,477
Total cost of revenues 49,696 28,949 20,791
Gross profit 25,055 11,258 1,460
Operating expenses      
Product development 9,653 9,283 4,883
Sales and marketing 6,087 4,180 2,908
General and administrative 15,124 14,766 16,203
Total operating expenses 30,864 28,229 23,994
Loss from operations (5,809) (16,971) (22,534)
Interest and other expense, net      
Interest expense, net (2,067) (2,625) (1,716)
Foreign exchange transaction loss (148) (26) (24)
Change in fair value of convertible note embedded derivative liability (7,559) 475 0
Change in fair value of warrant liability (3,208) 147 0
Loss on extinguishment of debt (1,785) (293) 0
Other income / (expense) (72) 11 (4)
Total interest and other expense, net (14,839) (2,311) (1,744)
Loss from operations before income taxes (20,648) (19,282) (24,278)
Income tax provision / (benefit) (951) (144) 214
Net loss from operations, net of taxes (19,697) (19,138) (24,492)
Discontinued operations, net of taxes      
Net loss from operations of discontinued components (33,160) (5,126) (3,540)
Net loss from discontinued operations, net of taxes (33,160) (5,126) (3,540)
Net loss (52,857) (24,264) (28,032)
Other comprehensive loss      
Foreign currency translation adjustment (4) (119) (150)
Comprehensive loss $ (52,861) $ (24,383) $ (28,182)
Basic and diluted net loss per common share (in dollars per share) $ (0.75) $ (0.36) $ (0.46)
Continuing operations (in dollars per share) (0.28) (0.29) (0.40)
Discontinued operations (in dollars per share) $ (0.47) $ (0.07) $ (0.06)
Weighted average common shares outstanding, basic and diluted (in shares) 70,263 66,511 61,763