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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Aug. 31, 2022
Equity [Abstract]  
Schedule of Stock-based Compensation Expense

Stock-based compensation expense is included in the following captions of the condensed consolidated statements of comprehensive loss (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

August 31,

 

 

August 31,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenues

$

30

 

 

$

795

 

 

$

85

 

 

$

789

 

Research and development

 

672

 

 

 

321

 

 

 

1,436

 

 

 

1,031

 

Selling and marketing

 

749

 

 

 

979

 

 

 

1,309

 

 

 

1,623

 

General and administrative

 

1,745

 

 

 

723

 

 

 

3,326

 

 

 

1,783

 

Other non-operating expense

 

-

 

 

 

119

 

 

 

-

 

 

 

183

 

 

$

3,196

 

 

$

2,937

 

 

$

6,156

 

 

$

5,409

 

Summary of Stock Option Activity

Changes in our outstanding stock options during the six months ended August 31, 2022 were as follows (options in thousands):

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

average

remaining

contractual

life (years)

 

 

Aggregate

intrinsic value

 

Outstanding at February 28, 2022

 

664

 

 

$

16.38

 

 

 

5.4

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at August 31, 2022

 

664

 

 

$

16.38

 

 

 

4.9

 

 

$

-

 

Exercisable at August 31, 2022

 

577

 

 

$

15.94

 

 

 

4.8

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Restricted Stock Shares (RSU's), and Performance Stock Units (PSU's) Activity

Changes in our outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the six months ended August 31, 2022 were as follows (restricted shares, PSUs and RSUs in thousands):

 

 

Number of

Restricted

Shares, PSUs

and RSUs

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Shares

Retained

to Cover

Statutory

Withholding

Taxes

 

Outstanding at February 28, 2022

 

2,940

 

 

$

10.39

 

 

 

 

 

Granted

 

2,237

 

 

 

4.65

 

 

 

 

 

Vested

 

(857

)

 

 

11.14

 

 

 

327

 

Forfeited

 

(198

)

 

 

11.13

 

 

 

 

 

Outstanding at August 31, 2022

 

4,122

 

 

$

7.09