v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current assets    
Cash and cash equivalents $ 116,010 $ 98,533
Spectrum receivable 14,266 10,638
Broadband licenses held for sale 13,000 0
Escrow deposits 3,910 6,130
Prepaid expenses and other current assets 5,892 4,684
Total current assets 153,078 119,985
Property and equipment, net 761 827
Right of use assets, net 3,757 4,069
Intangible assets 310,285 310,712
Deferred broadband costs 29,503 29,069
Other assets 541 548
Total assets 497,925 465,210
Current liabilities    
Accounts payable and other accrued expenses 11,915 15,028
Accrued severance and other related charges 1,633 2,810
Operating lease liabilities 1,447 1,424
Contingent liability 2,220 2,220
Deferred revenue 14,331 14,513
Total current liabilities 31,546 35,995
Operating lease liabilities 2,641 2,995
Contingent liability 6,000 6,000
Deferred revenue 160,582 146,665
Deferred gain on sale of intangible assets 4,911 4,911
Deferred income tax 6,451 6,323
Total liabilities 212,131 202,889
Commitments and contingencies (See Note 12)
Stockholders’ equity    
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at June 30, 2026 and March 31, 2026 0 0
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 19,550,348 shares issued and outstanding at June 30, 2026 and 18,914,271 shares issued and outstanding at March 31, 2026 2 2
Additional paid-in capital 587,850 564,617
Accumulated deficit (302,058) (302,298)
Total stockholders’ equity 285,794 262,321
Total liabilities and stockholders’ equity $ 497,925 $ 465,210