Acquisition (Tables)

12 Months Ended

Mar. 31, 2024

Schedule of Consideration Transferred to Acquired Identifiable Assets and Assumed Liabilities

The following is the allocation of the consideration transferred to acquired identifiable assets and assumed liabilities, net of cash acquired, in the Lemonaid Acquisition as of the acquisition date:


	Amount
	(in thousands)
Cash	$	7,711
Prepaid expenses and other current assets	3,388
Property and equipment, net	1,019
Intangible Assets:
Customer relationships	14,900
Partnerships	23,200
Trademark	11,000
Developed technology	24,100
Non-compete agreements	2,800
Operating lease right-of-use asset	848
Other assumed assets	407
Accounts payable	(3,106)
Accrued liabilities	(4,218)
Operating lease liability	(971)
Deferred tax liability	(6,645)
Other assumed liabilities	(1,311)
Total acquired identifiable assets and liabilities	73,122
Goodwill	351,598
Total consideration transferred	$	424,720

Pro Forma Revenue and Net Loss Information

The pro forma revenue and net loss is presented for informational purposes only and does not purport to be indicative of the results of future operations or the results that would have occurred had the transaction taken place on April 1, 2020.


	Year Ended March 31,
	2022
	(in thousands)
Pro forma revenue(1)	$	295,025
Pro forma net loss(1)	$	(241,382)

(1)As if the Lemonaid Acquisition was consummated on April 1, 2020.