<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR YEAR <FISCAL-YEAR-END> MAR-31-2000 MAR-31-1999 MAR-31-1998 <PERIOD-START> APR-01-1999 APR-01-1998 APR-01-1997 <PERIOD-END> DEC-31-1999 MAR-31-1999 MAR-31-1998 <CASH> 5,660 4,148 2,701 <SECURITIES> 12,679 1,999 1,000 <RECEIVABLES> 2,685 772 475 <ALLOWANCES> (27) (27) (27) <INVENTORY> 0 0 0 <CURRENT-ASSETS> 21,531 7,152 4,480 <PP&E> 1,710 1,164 502 <DEPRECIATION> (653) (319) (121) <TOTAL-ASSETS> 23,514 9,655 5,399 <CURRENT-LIABILITIES> 4,539 4,588 1,558 <BONDS> 2,129 2,812 1,221 <PREFERRED-MANDATORY> 40,824 19,926 9,761 <PREFERRED> 0 0 0 <COMMON> 4,754 751 330 <OTHER-SE> (28,732) (18,422) (7,471) <TOTAL-LIABILITY-AND-EQUITY> 23,514 9,655 5,399 <SALES> 0 0 0 <TOTAL-REVENUES> 6,252 4,085 1,106 <CGS> 0 0 0 <TOTAL-COSTS> 3,042 2,520 714 <OTHER-EXPENSES> 10,950 12,141 5,780 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 15 120 (172) <INCOME-PRETAX> (7,555) (10,696) (5,216) <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> (7,555) (10,696) (5,216) <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> (7,755) (10,696) (5,216) <EPS-BASIC> (2.50) (4.41) (3.96) <EPS-DILUTED> (2.50) (4.41) (3.96)