Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income / (Loss) (Unaudited)

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Consolidated Statements of Operations and Comprehensive Income / (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net revenues $ 36,016 $ 30,411 $ 99,364 $ 76,377
Cost of revenues        
License fees and revenue share 21,576 19,195 59,997 50,213
Other direct costs of revenues 400 538 1,022 1,553
Total cost of revenues 21,976 19,733 61,019 51,766
Gross profit 14,040 10,678 38,345 24,611
Operating expenses        
Product development 2,783 2,428 8,312 8,174
Sales and marketing 2,815 1,962 7,534 5,711
General and administrative 4,310 3,832 12,212 9,215
Total operating expenses 9,908 8,222 28,058 23,100
Income from operations 4,132 2,456 10,287 1,511
Interest and other income / (expense), net        
Interest income / (expense), net 59 (194) 118 (648)
Foreign exchange transaction gain / (loss) 0 (2) 0 7
Change in fair value of convertible note embedded derivative liability 0 (1,476) 0 1,096
Change in fair value of warrant liability (870) (1,651) (10,601) 845
Loss on extinguishment of debt 0 (10) 0 (25)
Other income / (expense) (19) (43) 455 (169)
Total interest and other income / (expense), net (830) (3,376) (10,028) 1,106
Income / (loss) from continuing operations before income taxes 3,302 (920) 259 2,617
Income tax provision 41 216 6 157
Income / (loss) from continuing operations, net of taxes 3,261 (1,136) 253 2,460
Income / (loss) from discontinued operations 65 (212) (171) (1,612)
Net income / (loss) from discontinued operations, net of taxes 65 (212) (171) (1,612)
Net income / (loss) 3,326 (1,348) 82 848
Foreign currency translation adjustment (44) (5) (364) (5)
Comprehensive income / (loss) $ 3,282 $ (1,353) $ (282) $ 843
Basic and diluted net income / (loss) per common share        
Continuing operations (in dollars per share) $ 0.04 $ (0.01) $ 0.00 $ 0.03
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.02)
Net income / (loss) (in dollars per share) $ 0.04 $ (0.01) $ 0.00 $ 0.01
Weighted-average common shares outstanding, basic 85,876 77,645 83,869 76,977
Weighted-average common shares outstanding, diluted 92,472 77,645 89,759 79,371