SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

9 Months Ended

Nov. 30, 2023

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended November 30, 2023												Three Months Ended November 30, 2022
	Reportable Segments												Reportable Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	34,456		$	19,169					$	53,625		$	49,264		$	29,625					$	78,889
Gross profit	$	13,778		$	3,796					$	17,574		$	20,880		$	5,734					$	26,614
Gross margin		40	%		20	%					33	%		42	%		19	%					34	%
Adjusted EBITDA	$	3,139		$	(1,271	)	$	(837	)	$	1,031		$	8,110		$	(2,671	)	$	(741	)	$	4,698

	Nine Months Ended November 30, 2023												Nine Months Ended November 30, 2022
	Reportable Segments												Reportable Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	119,766		$	66,464					$	186,230		$	133,332		$	83,111					$	216,443
Gross profit	$	51,517		$	15,462					$	66,979		$	59,803		$	21,470					$	81,273
Gross margin		43	%		23	%					36	%		45	%		26	%					38	%
Adjusted EBITDA	$	17,068		$	(1,423	)	$	(2,695	)	$	12,950		$	18,688		$	(4,662	)	$	(2,706	)	$	11,320

Summary of Adjusted EBITDA

The adjustments to our net income (losses) prepared in accordance with GAAP to calculate Adjusted EBITDA are itemized below (in thousands):

	Three Months Ended November 30,						Nine Months Ended November 30,
	2023			2022			2023			2022
Net loss	$	(85,004	)	$	(4,733	)	$	(93,261	)	$	(24,400	)
Investment income (loss)		124			(818	)		(360	)		(646	)
Interest expense		1,410			1,648			4,662			4,645
Income tax provision		38			268			525			643
Depreciation		3,837			3,893			12,632			12,108
Amortization of intangible assets		1,116			1,323			3,466			3,995
Stock-based compensation		1,567			2,030			5,469			8,186
Restructuring charges		1,718			—			1,718			—
Non-recurring legal expenses		91			86			280			4,634
Costs (income) incurred in transition of LoJack North America business to acquiror		(79	)		232			(319	)		1,217
Impairment loss		75,106			—			75,106			—
Other		1,107			769			3,032			938
Adjusted EBITDA	$	1,031		$	4,698		$	12,950		$	11,320

Summary of Revenues by Geographic Area

Revenues by geographic area are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	November 30,				November 30,
	2023		2022		2023		2022
United States	$	29,201	$	50,387	$	101,187	$	137,029
EMEA		14,224		14,919		45,073		39,733
LATAM		3,869		9,011		16,219		23,177
APAC		4,821		2,794		18,620		13,603
All other		1,510		1,778		5,131		2,901
	$	53,625	$	78,889	$	186,230	$	216,443