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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Nov. 30, 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

 

 

Nine Months Ended

 

 

November 30,

 

 

November 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenues

$

3

 

 

$

66

 

 

$

88

 

 

$

82

 

Research and development

 

528

 

 

 

726

 

 

 

1,964

 

 

 

2,240

 

Selling and marketing

 

737

 

 

 

856

 

 

 

2,046

 

 

 

2,146

 

General and administrative

 

762

 

 

 

1,655

 

 

 

4,088

 

 

 

4,061

 

Other non-operating expense

 

-

 

 

 

(151

)

 

 

-

 

 

 

32

 

 

$

2,030

 

 

$

3,152

 

 

$

8,186

 

 

$

8,561

 

Summary of Stock Option Activity

Changes in our outstanding stock options during the nine months ended November 30, 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

 

(14

)

 

 

(11.11

)

 

 

 

 

 

 

 

 

Outstanding at November 30, 2022

 

650

 

 

$

16.49

 

 

 

4.6

 

 

$

-

 

Exercisable at November 30, 2022

 

577

 

 

$

15.94

 

 

 

4.5

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 nine months ended November 30, 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 Minimum Withholding Taxes

 

Outstanding at February 28, 2022

 

2,940

 

 

$

10.39

 

 

 

 

 

Granted

 

2,272

 

 

 

4.64

 

 

 

 

 

Vested

 

(939

)

 

 

11.21

 

 

 

356

 

Forfeited

 

(634

)

 

 

8.40

 

 

 

 

 

Outstanding at November 30, 2022

 

3,639

 

 

$

6.95