SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

9 Months Ended

Nov. 30, 2021

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended November 30, 2021												Three Months Ended November 30, 2020
	Reportable Segments												Reportable Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	36,602		$	32,175					$	68,777		$	34,052		$	44,460					$	78,512
Gross profit	$	18,128		$	9,892					$	28,020		$	17,225		$	14,013					$	31,238
Gross margin		50	%		31	%					41	%		51	%		32	%					40	%
Adjusted EBITDA	$	6,699		$	(2,808	)	$	(900	)	$	2,991		$	9,004		$	869		$	(1,010	)	$	8,863

	Nine Months Ended November 30, 2021												Nine Months Ended November 30, 2020
	Reportable Segments												Reportable Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	113,079		$	114,383					$	227,462		$	95,265		$	131,375					$	226,640
Gross profit	$	56,282		$	37,555					$	93,837		$	47,572		$	40,233					$	87,805
Gross margin		50	%		33	%					41	%		50	%		31	%					39	%
Adjusted EBITDA	$	22,231		$	446		$	(3,000	)	$	19,677		$	23,172		$	2,358		$	(3,328	)	$	22,202

Summary of Adjusted EBITDA

The adjustments to our net income (losses) prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):

	Three Months Ended November 30,						Nine Months Ended November 30,
	2021			2020			2021			2020
Net loss	$	(11,437	)	$	(23,680	)	$	(18,810	)	$	(47,580	)
Less: net income (loss) from discontinued operations		(895	)		(19,942	)	$	3,157		$	(29,644	)
Net loss from continuing operations	$	(10,542	)	$	(3,738	)	$	(21,967	)	$	(17,936	)
Investment income		(150	)		(584	)		(1,218	)		(1,282	)
Interest expense		3,830			3,880			11,483			11,814
Income tax provision		205			319			831			825
Depreciation		4,581			4,367			13,053			12,863
Amortization of intangible assets		1,386			1,201			4,033			3,567
Stock-based compensation		3,152			2,646			8,561			7,491
Restructuring charges		—			(100	)		336			1,917
Non-recurring legal expenses		213			205			1,332			1,168
Costs incurred in transition of LoJack North America business to acquiror		69			—			1,784			—
Other		247			667			1,449			1,775
Adjusted EBITDA	$	2,991		$	8,863		$	19,677		$	22,202

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,
	2021		2020		2021		2020
United States	$	44,613	$	51,323	$	150,133	$	146,192
EMEA		12,097		13,772		39,450		45,214
LATAM		5,537		7,349		19,687		19,078
APAC		5,760		5,017		15,534		11,597
All other		770		1,051		2,658		4,559
	$	68,777	$	78,512	$	227,462	$	226,640