v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net (loss) income $ (8,657) $ 3,764
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,972 3,797
Gain on bargain purchase (4,250)  
Stock-based compensation 2,987 1,925
Capitalized content (2,625) (3,407)
Acquisition-related income tax benefit (2,629) (0)
Fair value adjustment of deferred consideration 950 0
Amortization of debt issuance costs 376 468
Non-cash interest (income) expense (375) 296
Allowance for content advances 685 923
Barter transactions 30 341
Other 326 (166)
Changes in operating assets and liabilities:    
Accounts receivable (7,743) (619)
Content advances (5,618) 1,107
Other current and long-term assets 524 (668)
Accounts payable, accrued expenses, and other liabilities (6,392) 9,863
Deferred revenue (58) (253)
Net cash (used in) provided by operating activities (26,497) 17,370
Cash flows from investing activities:    
Purchase of business, net of cash acquired (9,967) 0
Expenditures for long-lived assets (3,948) (66)
Internally developed software capitalization (405) (1,105)
Sale of equity investment securities 0 536
Net cash used in investing activities (14,320) (635)
Cash flows from financing activities:    
Proceeds from line of credit 62,060 64,102
Payments on line of credit (52,625) (70,485)
Proceeds from issuance of convertible notes 13,000 0
Proceeds from common stock warrant exercise 5,842 38
Proceeds from Issuance of Common Stock for public offering 3,450 0
Proceeds from ATM equity issuance, net of fees 1,018 (42)
Withholding taxes paid on restricted stock units (965) 0
Debt and equity financing fees (811) (209)
Payment of deferred consideration (559) (428)
Payment of earnout consideration 0 (590)
Proceeds from the issuance of a term loan, net of debt issuance costs 0 2,917
Repayment of term loan 0 (3,090)
Cost to acquire treasury shares 0 (215)
Distribution paid on behalf of non-controlling interest (170) 0
Net cash provided by (used in) financing activities 30,240 (8,002)
Net change in cash and cash equivalents (10,577) 8,733
Effect of exchange rate changes on cash and cash equivalents 23 40
Cash and cash equivalents at beginning of period 13,941 5,167
Cash and cash equivalents at end of period 3,387 13,941
Supplemental Cash Flow Elements [Abstract]    
Cash interest paid 669 995
Income taxes paid 73 34
Noncash investing and financing activities:    
Earnout liability settled in stock 0 90
Bonus liability settled in stock 0 42
Issuance of Common Stock for settlement of deferred consideration 2,400 0
Accrued dividends on preferred stock 356 357
Issuance of Common Stock for payment of accrued preferred stock dividends $ 356 $ 356