Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisition (Tables)

v3.25.1
Acquisition (Tables)
 12 Months Ended
Mar. 31, 2025
Business Combinations [Abstract]  
Schedule of Contingent Earn Out Liability A rollforward of the P3 contingent earn-out liability since the date of acquisition is as follows:

 

Balance at November 9, 2023

 

$

2,040

 

Change in fair value

 

 

80

 

Payments

 

 

—

 

Balance at March 31, 2024

 

 

2,120

 

Change in fair value

 

 

(1,215

)

Payments

 

 

—

 

Balance at March 31, 2025

 

$

905

 
Schedule of Final Purchase Price Allocation, After Adjustments of the Assets Acquired and Liabilities Assumed The following table summarizes the final purchase price allocation of the assets acquired and liabilities assumed:

 

 

 

November 9,

 

 

 

2023

 

Assets acquired:

 

 

 

  Cash and cash equivalents

 

$

286

 

  Trade accounts receivable, net of allowances

 

 

465

 

  Unbilled revenue

 

 

302

 

  Inventories

 

 

808

 

  Prepaid expenses and other current assets

 

 

93

 

  Property, plant & equipment, net

 

 

542

 

  Operating lease assets

 

 

130

 

  Goodwill

 

 

1,997

 

  Customer relationships

 

 

4,400

 

  Technology and technical know-how

 

 

2,500

 

  Tradename

 

 

300

 

Total assets acquired

 

 

11,823

 

Liabilities assumed:

 

 

 

  Accrued compensation

 

 

62

 

  Customer deposits

 

 

389

 

  Operating lease liabilities

 

 

134

 

Total liabilities assumed

 

 

585

 

Purchase price

 

$

11,238

 

 
Schedule of Unaudited Pro Forma Information The following unaudited pro forma information presents the consolidated results of operations of the Company as if the P3 acquisition had occurred at the beginning of each of the fiscal periods presented:

 

 

 

For the Years Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Net sales

 

$

209,896

 

 

$

189,089

 

 

$

160,376

 

Net income (loss)

 

 

12,230

 

 

 

5,949

 

 

 

(21

)

Earnings per share

 

 

 

 

 

 

 

 

 

     Basic

 

$

1.12

 

 

$

0.55

 

 

$

—

 

     Diluted

 

$

1.11

 

 

$

0.54

 

 

$

—