CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Apr. 30, 2023 |
Apr. 30, 2022 |
Apr. 30, 2021 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| Net income |
$ 560
|
$ 127,672
|
$ 11,212
|
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: |
|
|
|
| Stock-based compensation |
10,978
|
7,380
|
3,854
|
| Depreciation and amortization |
7,210
|
4,480
|
3,453
|
| Amortization of debt discount and issuance costs |
1,046
|
1,030
|
916
|
| Deferred income taxes |
1,443
|
(115,082)
|
0
|
| Loss on disposal and/or impairment of property and equipment |
139
|
381
|
0
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable, net |
2,249
|
(1,705)
|
(10,236)
|
| Contract assets |
(4,240)
|
743
|
(2,812)
|
| Inventory |
(17,846)
|
(14,191)
|
(988)
|
| Prepaid expenses and other assets |
(61)
|
(4,232)
|
(1,260)
|
| Accounts payable |
964
|
(943)
|
(608)
|
| Accrued compensation and benefits |
362
|
(376)
|
5,775
|
| Contract liabilities |
(16,446)
|
3,029
|
21,649
|
| Other accrued expenses and liabilities |
755
|
1,279
|
227
|
| Net cash (used in) provided by operating activities |
(12,887)
|
9,465
|
31,182
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Purchase of property and equipment |
(77,638)
|
(56,411)
|
(9,864)
|
| Net cash used in investing activities |
(77,638)
|
(56,411)
|
(9,864)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Proceeds from issuance of common stock under equity compensation plans |
3,406
|
3,359
|
3,984
|
| Proceeds from issuance of common stock, net of issuance costs |
0
|
0
|
32,141
|
| Proceeds from issuance of convertible senior notes, net of issuance costs |
0
|
0
|
138,464
|
| Purchases of capped calls related to convertible senior notes |
0
|
0
|
(12,837)
|
| Repayment of note payable |
0
|
0
|
(4,379)
|
| Dividends paid on preferred stock |
0
|
0
|
(4,455)
|
| Redemption of preferred stock |
0
|
0
|
(37,051)
|
| Impact of preferred stock redemption |
0
|
0
|
(3,439)
|
| Principal payments on finance leases |
(505)
|
(162)
|
(93)
|
| Net cash provided by financing activities |
2,901
|
3,197
|
112,335
|
| Net (decrease) increase in cash, cash equivalents and restricted cash |
(87,624)
|
(43,749)
|
133,653
|
| Cash, cash equivalents and restricted cash, beginning of period |
126,516
|
170,265
|
36,612
|
| Cash, cash equivalents and restricted cash, end of period |
38,892
|
126,516
|
170,265
|
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid for interest |
1,118
|
1,670
|
5
|
| Cash paid for income taxes |
260
|
64
|
0
|
| Supplemental disclosures of non-cash activities: |
|
|
|
| Unpaid purchases of property and equipment in accounts payable |
$ 14,125
|
$ 1,190
|
$ 3,939
|