Segment information (Tables)

6 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

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

	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.

	Three Months Ended September 30, 2022
	Subscription revenue (1)		Hardware and other revenue (2)		Total revenue		Segment Adjusted EBITDA
Regional Sales Offices
Africa	$	18,073	$	1,413	$	19,486	$	7,528
Europe	3,019		510		3,529		1,099
Americas	4,281		473		4,754		945
Middle East and Australasia	3,983		1,889		5,872		2,149
Brazil	1,314		277		1,591		408
Total Regional Sales Offices	30,670		4,562		35,232		12,129
Central Services Organization	30		—		30		(2,692)
Total Segment Results	$	30,700	$	4,562	$	35,262	$	9,437

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.

	Six Months Ended September 30, 2022
	Subscription revenue (1)		Hardware and other revenue (2)		Total revenue		Segment Adjusted EBITDA
Regional Sales Offices
Africa	$	37,134	$	3,085	$	40,219	$	15,465
Europe	6,164		999		7,163		2,335
Americas	7,693		1,163		8,856		1,118
Middle East and Australasia	8,082		2,774		10,856		3,987
Brazil	2,549		637		3,186		843
Total Regional Sales Offices	61,622		8,658		70,280		23,748
Central Services Organization	41		—		41		(5,459)
Total Segment Results	$	61,663	$	8,658	$	70,321	$	18,289

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,
	2021		2022		2021		2022
Segment Adjusted EBITDA	$	11,085	$	9,437	$	22,552	$	18,289
Corporate and consolidation entries	(2,474)		(2,778)		(4,850)		(4,952)
Operating lease costs (1)	(373)		(301)		(780)		(635)
Product development costs (2)	(335)		(349)		(698)		(692)
Depreciation and amortization	(3,668)		(3,450)		(7,347)		(7,196)
Impairment of long-lived assets	(28)		—		(28)		—
Stock-based compensation costs	(330)		(243)		(694)		(51)
Restructuring costs	(51)		—		(52)		—
Net profit on sale of property, plant and equipment	43		—		43		33
Net foreign exchange gains/(losses)	60		653		(16)		1,498
Net interest (expense)/income	(141)		(223)		(219)		264
Acquisition-related costs	—		(784)		—		(784)
Income before income tax expense	$	3,788	$	1,962	$	7,911	$	5,774
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 income before income tax expense, 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 income before income tax expense, product development costs capitalized for segment reporting purposes need to be deducted.