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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurements | Cash, cash equivalents, and available-for-sale investments were as follows (in thousands):
|  | As of December 31, 2024
|  | Amortized Costs |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value |  | Cash and Cash Equivalents |  | Restricted Cash (Current) |  | Short-Term Investments
Cash |  | $ | 84,209 |  |  | $ | — |  |  | $ | — |  |  | $ | 84,209 |  |  | $ | 84,209 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | 20,418 |  |  | — |  |  | — |  |  | 20,418 |  |  | 19,956 |  |  | 462 |  |  | — |
Total assets |  | $ | 104,627 |  |  | $ | — |  |  | $ | — |  |  | $ | 104,627 |  |  | $ | 104,165 |  |  | $ | 462 |  |  | $ | — |
|  | As of March 31, 2024
|  | Amortized Costs |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value |  | Cash and Cash Equivalents |  | Restricted Cash (Current & Non-current) |  | Short-Term Investments
Cash |  | $ | 53,943 |  |  | $ | — |  |  | $ | — |  |  | $ | 53,943 |  |  | $ | 53,943 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | 37,633 |  |  | — |  |  | — |  |  | 37,633 |  |  | 37,172 |  |  | 461 |  |  | — |
Subtotal |  | 91,576 |  |  | — |  |  | — |  |  | 91,576 |  |  | 91,115 |  |  | 461 |  |  | — |
Level 2: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term deposit |  | 25,147 |  |  | — |  |  | — |  |  | 25,147 |  |  | 25,147 |  |  | — |  |  | — |
Commercial paper |  | 1,049 |  |  | — |  |  | (1) |  |  | 1,048 |  |  | — |  |  | — |  |  | 1,048 |
Subtotal |  | 26,196 |  |  | — |  |  | (1) |  |  | 26,195 |  |  | 25,147 |  |  | — |  |  | 1,048 |
Total assets |  | $ | 117,772 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 117,771 |  |  | $ | 116,262 |  |  | $ | 461 |  |  | $ | 1,048 |
Schedule of Assumptions Used in Determination of Fair Value | The following table presents additional information about valuation techniques and inputs used for the detachable warrants (see Note 8, Convertible Senior Notes and Term Loan) that are measured at fair value and categorized within Level 3 as of December 31, 2024 and March 31, 2024 (dollars in thousands):
| December 31, 2024 |  | March 31, 2024
Estimated fair value of detachable warrants | $ | 2,124 |  | $ | 3,321
Unobservable inputs: |  |  |
Stock volatility | 78.4 | % |  | 87.2 | %
Risk-free rate | 4.3 | % |  | 4.3 | %
Expected term | 2.6 years |  | 3.4 years

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