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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (28,290) $ (45)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization 330 455
Stock compensation expense 7,754 8,103
Deferred income taxes 1,389 373
Right of use assets 832 545
Gain on disposal of intangible assets, net (93) (19,298)
Gain on sale of intangible assets, net 0 (7,332)
Loss from disposal of long-lived assets, net 0 36
Changes in operating assets and liabilities    
Prepaid expenses and other assets 1,525 788
Accounts payable and accrued expenses (1,537) 374
Due to related parties 0 (533)
Operating lease liabilities (1,032) (759)
Contingent liability 10,000 0
Deferred revenue 4,415 19,506
Other liabilities (302) 0
Net cash (used in) provided by operating activities (5,009) 2,213
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets, including refundable deposits, retuning costs and swaps (10,904) (10,077)
Proceeds from sale of spectrum 0 25,178
Purchases of equipment (41) (212)
Net cash (used in) provided by investing activities (10,945) 14,889
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 1,960 7
Repurchases of common stock (2,027) (10,735)
Payments of withholding tax on net issuance of restricted stock (1,366) (1,022)
Net cash used in financing activities (1,433) (11,750)
Net change in cash and cash equivalents and restricted cash (17,387) 5,352
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents and restricted cash at beginning of the period 68,124 43,182
Cash and cash equivalents and restricted cash at end of the period 50,737 48,534
Cash paid during the period:    
Taxes paid 885 1
Operating leases paid 1,199 1,152
Non-cash investing activity:    
Network equipment provided in exchange for wireless licenses 47 568
Deferred gain on sale of intangible assets 0 4,889
Derecognition of contingent liability related to sale of intangible assets 0 18,840
Right of use assets new leases 290 106
Right of use assets modifications and renewals $ 1,097 $ 55