Segment information (Tables)

6 Months Ended

Sep. 30, 2021

The following tables provide revenue and Segment Adjusted EBITDA (in thousands):


	Three Months Ended September 30, 2020
	Subscription revenue (1)		Hardware and other revenue (2)		Total revenue		Segment Adjusted EBITDA
Regional Sales Offices
Africa	$	14,855	$	1,635	$	16,490	$	7,249
Europe	2,919		474		3,393		1,536
Americas	4,786		240		5,026		2,170
Middle East and Australasia	4,118		948		5,066		2,405
Brazil	928		28		956		363
Total Regional Sales Offices	27,606		3,325		30,931		13,723
Central Services Organization	17		—		17		(1,674)
Total Segment Results	$	27,623	$	3,325	$	30,948	$	12,049

1.Subscription revenue is recognized over time.

2.Hardware and other revenue is recognized at a point in time.


	Three Months Ended September 30, 2021
	Subscription revenue (1)		Hardware and other revenue (2)		Total revenue		Segment Adjusted EBITDA
Regional Sales Offices
Africa	$	18,686	$	1,596	$	20,282	$	8,874
Europe	3,413		1,337		4,750		1,682
Americas	3,444		468		3,912		33
Middle East and Australasia	4,207		1,750		5,957		2,665
Brazil	1,121		16		1,137		288
Total Regional Sales Offices	30,871		5,167		36,038		13,542
Central Services Organization	14		22		36		(2,457)
Total Segment Results	$	30,885	$	5,189	$	36,074	$	11,085

1.Subscription revenue is recognized over time.

2.Hardware and other revenue is recognized at a point in time.



	Six Months Ended September 30, 2020
	Subscription revenue (1)		Hardware and other revenue (2)		Total revenue		Segment Adjusted EBITDA
Regional Sales Offices
Africa	$	28,778	$	2,236	$	31,014	$	14,494
Europe	5,769		608		6,377		2,838
Americas	8,961		395		9,356		3,578
Middle East and Australasia	7,999		1,657		9,656		4,323
Brazil	1,959		51		2,010		773
Total Regional Sales Offices	53,466		4,947		58,413		26,006
Central Services Organization	32		—		32		(3,537)
Total Segment Results	$	53,498	$	4,947	$	58,445	$	22,469

1.Subscription revenue is recognized over time.

2.Hardware and other revenue is recognized at a point in time.



	Six Months Ended September 30, 2021
	Subscription revenue (1)		Hardware and other revenue (2)		Total revenue		Segment Adjusted EBITDA
Regional Sales Offices
Africa	$	37,397	$	2,811	$	40,208	$	17,778
Europe	6,786		2,598		9,384		3,433
Americas	7,067		663		7,730		572
Middle East and Australasia	8,556		2,855		11,411		5,208
Brazil	2,141		48		2,189		605
Total Regional Sales Offices	61,947		8,975		70,922		27,596
Central Services Organization	28		22		50		(5,044)
Total Segment Results	$	61,975	$	8,997	$	70,972	$	22,552

1.Subscription revenue is recognized over time.

2.Hardware and other revenue is recognized at a point in time.

Reconciliation of Segment Results to Income Before Tax

A reconciliation of the segment results to income before income tax expense is disclosed below (in thousands):


	Three Months Ended September 30,				Six Months Ended September 30,
	2020		2021		2020		2021
Segment Adjusted EBITDA	$	12,049	$	11,085	$	22,469	$	22,552
Corporate and consolidation entries	(2,507)		(2,474)		(4,837)		(4,850)
Operating lease costs (1)	(399)		(373)		(791)		(780)
Product development costs (2)	(271)		(335)		(514)		(698)
Depreciation and amortization	(3,836)		(3,668)		(7,464)		(7,347)
Impairment of long-lived assets	(1)		(28)		(1)		(28)
Stock-based compensation costs	(301)		(330)		(594)		(694)
Increase in restructuring costs (3)	(153)		(51)		(997)		(52)
Net (loss)/profit on sale of property and equipment	(7)		43		(8)		43
Net foreign exchange (losses)/gains	(78)		60		(183)		(16)
Net interest expense	(70)		(141)		(140)		(219)
Income before income tax expense for the period	$	4,426	$	3,788	$	6,940	$	7,911

1.For the purposes of calculating Segment Adjusted EBITDA, operating lease expenses are excluded from the Segment Adjusted EBITDA. Therefore, in order to reconcile Segment Adjusted EBITDA to net income before taxes, the total lease expense in respect of operating leases needs to be deducted.

2.For segment reporting purposes, product development costs, which do not meet the capitalization requirements under ASC 730 Research and Development or under ASC 985 Software, are capitalized and amortized. The amortization is excluded from Segment Adjusted EBITDA. In order to reconcile Segment Adjusted EBITDA to net income before taxes, product development costs capitalized for segment reporting purposes need to be deducted.

3.For the three months ended September 30, 2020, $0.1 million of the restructuring costs related to the North America reporting segment. For the six months ended September 30, 2020, $0.6 million, $0.2 million and $0.1 million of the restructuring costs related to CSO, Africa and North America reporting segments, respectively.