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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

Cash, cash equivalents, and available-for-sale investments were as follows:

As of December 31, 2022						Amortized Costs						Gross Unrealized Gain						Gross Unrealized Loss						Estimated Fair Value						Cash and Cash Equivalents						Restricted Cash (Current & Non-current)						Short-Term Investments						Long-Term Investments
Cash						$	89,158					$	—					$	—					$	89,158					$	89,158					$	—					$	—					$	—
Level 1:
Money market funds						359						—						—						359						359						—						—						—
Treasury securities						3,514						—						(2)						3,512						—						—						3,512						—
Subtotal						93,031						—						(2)						93,029						89,517						—						3,512						—
Level 2:
Certificate of deposit						1,329						—						—						1,329						—						1,329						—						—
Commercial paper						18,826						—						(11)						18,815						3,443												15,372						—
Corporate debt						18,659												(98)						18,561																		18,561						—
Subtotal						38,814						—						(109)						38,705						3,443						1,329						33,933						—
Total assets						$	131,845					$	—					$	(111)					$	131,734					$	92,960					$	1,329					$	37,445					$	—

As of March 31, 2022						Amortized Costs						Gross Unrealized Gain						Gross Unrealized Loss						Estimated Fair Value						Cash and Cash Equivalents						Restricted Cash (Current & Non-current)						Short-Term Investments						Long-Term Investments
Cash						$	70,095					$	—					$	—					$	70,095					$	70,095					$	—					$	—					$	—
Level 1:
Money market funds						12,865						—						—						12,865						12,865						—						—						—
Treasury securities						4,573						—						(7)						4,566						—						—						4,566						—
Subtotal						87,533						—						(7)						87,526						82,960						—						4,566						—
Level 2:
Certificate of deposit						9,509						—						—						9,509						—						9,509						—						—
Commercial paper						23,950						—						(34)						23,916						800						—						16,471						—
Corporate debt						27,442						—						(163)						27,279						7,445						—						23,808						2,671
Subtotal						60,901						—						(197)						60,704						8,245						9,509						40,279						2,671
Total assets						$	148,434					$	—					$	(204)					$	148,230					$	91,205					$	9,509					$	44,845					$	2,671

Summary of Assumptions Used in Determination of Fair Value

The following table presents additional information about valuation techniques and inputs used for the Warrants (See Note 8, Convertible Senior Notes, Term Loan and Capped Calls) that are measured at fair value and categorized within Level 3 as of December 31, 2022 (fair value amounts in thousands):

Fair Value

Valuation Technique

Unobservable Inputs

Inputs value

Warrants

$5,393

Black-Scholes option-pricing model

Stock volatility

60.5

%

Risk-free rate

4.0

%

Expected term

4.6 years

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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-Section 50
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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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