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Revenue (Tables)
 12 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table provides information regarding the Company’s revenue for each of the services it provides pursuant to its spectrum revenue agreements for the years ended March 31, 2025 and 2024 (in thousands):
20252024
Spectrum revenue
900 MHz Broadband Spectrum Revenue
Ameren$737 $609 
Evergy1,542 966 
Xcel Energy (1)
3,205 1,887 
Narrowband Spectrum Revenue
Motorola547 729 
Total spectrum revenue (2)
$6,031 $4,191 
1.The Company commenced revenue recognition in connection with the delivery of cleared 900 MHz Broadband Spectrum and the associated broadband leases to Xcel Energy Services Inc. (“Xcel Energy”) in September 2023.
2.Revenue recognized during the years ended March 31, 2025 and 2024 was included in deferred revenue at the beginning of the respective periods.
Schedule of Contract Assets
The Company capitalizes incremental costs associated with obtaining a spectrum revenue agreement with a customer, which generally includes sales commissions. Capitalized incremental costs are amortized over the contractual term beginning on the first delivery of a broadband lease. The Company’s capitalized contract costs consisted of the following activity (in thousands):
20252024
Balance at the beginning of the year$1,027 $870 
Additions339 199 
Amortization(125)(42)
Balance at the end of the year1,241 1,027 
Less amount classified as current assets (1)
(132)(580)
Noncurrent assets (1)
$1,109 $447 
1.Current assets are recorded as prepaid expenses and other current assets and noncurrent assets are recorded as other assets on the Company’s Consolidated Balance Sheets.
Schedule of Contract Liabilities
Contract liabilities primarily relate to advanced consideration received from customers in connection with spectrum revenue agreements, for which revenue is recognized over the term of each delivered broadband lease. The Company’s contract liabilities consisted of the following activity (in thousands):
20252024
Balance at the beginning of the year$122,212 $60,759 
Net additions (1)
8,491 65,644 
Revenue recognized(6,031)(4,191)
Balance at the end of the year124,672 122,212 
Less amount classified as current liabilities (2)
(6,095)(6,470)
Noncurrent liabilities (2)
$118,577 $115,742 
1.Represents milestone payments received from customer contracts pursuant to the terms of the associated spectrum revenue agreements, net of delivery delay adjustments.
2.Current liabilities and noncurrent liabilities are recorded as deferred revenue on the Company’s Consolidated Balance Sheets.