XML 36 R24.htm IDEA: XBRL DOCUMENT v3.25.4
SEGMENT INFORMATION
 9 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company operates in one reportable segment, wireless AIoT asset management.

The Company has a single operating and reportable segment. The Company’s Chief Operating Decision Maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM makes operating decisions, assesses financial performance, and allocates resources based on consolidated net loss attributable to common stockholders as reported on the Company’s Consolidated Statement of Operations. The Company derives its revenue from the sale of systems and products and from customer SaaS and hosting infrastructure fees. The measure of segment assets is reported on the Consolidated Balance Sheet as net fixed assets.

The following table summarizes the revenues and significant expenses and regularly provided to the CODM (in thousands):

Three Months Ended December 31,Nine Months Ended December 31,
2024202520242025
Total revenues$106,429 $113,487 $258,877 $329,287 
Total cost of revenues47,646 50,799 119,103 147,529 
Selling and marketing expenses15,256 18,860 33,965 55,859 
General and administrative expenses38,784 30,782 106,726 96,576 
Development costs incurred8,526 9,122 19,799 26,615 
Development costs capitalized(3,905)(4,550)(8,642)(12,992)
Depreciation and amortization1,365 2,128 6,831 7,149 
Interest income359 111 831 569 
Interest expense, net(7,942)(6,844)(14,675)(20,607)
Other (expense) income, net(2,011)14 (961)(1,775)
Income tax expense(3,513)(2,991)(4,821)(4,624)
Net loss before non-controlling interest(14,350)(3,364)(38,531)(17,886)
Non-controlling interest1 — (17)— 
Preferred stock dividend— — (25)— 
Net loss attributable to common stockholders$(14,349)$(3,364)$(38,573)$(17,886)

The following table summarizes revenues by geographic region (in thousands):

Three Months Ended December 31,Nine Months Ended December 31,
2024202520242025
North America$41,440 $41,330 $83,837 $119,998 
Israel12,232 14,828 34,643 42,299 
Africa25,416 28,526 73,994 80,813 
Europe and Middle East13,004 12,435 30,047 37,828 
Australia
9,290 10,787 20,851 32,056 
Other5,047 5,581 15,505 16,293 
$106,429 $113,487 $258,877 $329,287 
The following table summarizes long-lived assets by geographic region (in thousands):

March 31,
2025		December 31,
2025
North America$13,051 $15,933 
Israel2,249 1,600 
Africa32,391 34,422 
Europe and Middle East4,824 5,730 
Australia
825 668 
Other4,671 4,665 
$58,011 $63,018