Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.3.0.15
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues        
Product $ 3,390 $ 2,282 $ 6,100 $ 4,327
Service 273 184 503 403
Total revenues 3,663 2,466 6,603 4,730
Cost of revenues        
Product 668 638 1,458 1,334
Service 217 155 418 334
Total cost of revenues 885 793 1,876 1,668
Gross profit 2,778 1,673 4,727 3,062
Operating expenses        
Research and development 560 553 996 949
Selling, general and administrative 2,848 2,765 6,379 6,154
Total operating expenses 3,408 3,318 7,375 7,103
Loss from operations (630) (1,645) (2,648) (4,041)
Interest expense (230) (88) (392) (147)
Interest income 1 1 2 1
Change in fair value of derivative liability 121 166 218 254
Other expense, net (101) (83) (194) (91)
Net loss (839) (1,649) (3,014) (4,024)
Net loss per common share: basic and diluted (in dollars per share) $ (0.03) $ (0.06) $ (0.11) $ (0.15)
Weighted-average number of shares used in per common share calculations:        
Basic and diluted (in shares) 26,828 26,321 26,771 26,268
Other comprehensive loss, net of tax        
Net loss (839) (1,649) (3,014) (4,024)
Foreign currency translation adjustments (174) 125 (207) 23
Other comprehensive loss $ (1,013) $ (1,524) $ (3,221) $ (4,001)