SEGMENT AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Feb. 28, 2023

Segment Reporting [Abstract]

Summary of Segment Information

Information by business segment is as follows (in thousands):

	Year ended February 28, 2023
	Operating Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	184,728		$	110,221					$	294,949
Gross profit	$	79,478		$	29,533					$	109,011
Gross margin		43.0	%		26.8	%					37.0	%
Adjusted EBITDA	$	25,374		$	(4,275	)	$	(3,025	)	$	18,074

	Year ended February 28, 2022
	Operating Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	154,315		$	141,524					$	295,839
Gross profit	$	76,945		$	44,941					$	121,886
Gross margin		49.9	%		31.8	%					41.2	%
Adjusted EBITDA	$	32,979		$	(3,990	)	$	(4,309	)	$	24,680

	Year ended February 28, 2021
	Operating Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	129,933		$	178,654					$	308,587
Gross profit	$	65,411		$	56,994					$	122,405
Gross margin		50.3	%		31.9	%					39.7	%
Adjusted EBITDA	$	32,226		$	4,854		$	(4,974	)	$	32,106

Summary of Adjusted EBITDA

The adjustments to our financial results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to calculate Adjusted EBITDA are itemized below (in thousands):

	Year Ended February 28,
	2023			2022			2021
Net loss from continuing operations	$	(32,490	)	$	(31,148	)	$	(21,157	)
Investment income		(989	)		(1,175	)		(2,119	)
Interest expense		6,260			15,323			15,487
Income tax provision		1,151			1,087			561
Depreciation and amortization		21,758			22,804			22,002
Stock-based compensation		10,211			11,321			10,357
Non-recurring legal expenses, net of reversal of litigation provision		5,158			2,518			2,262
Restructuring		4,586			600			2,534
Impairment losses		-			-			825
Costs incurred in transition of LoJack North America business to acquiror		1,347			2,103			-
Other		1,082			1,247			1,354
Adjusted EBITDA	$	18,074		$	24,680		$	32,106

Summary of Revenues by Geographic Area

Revenues by geographic area are as follows (in thousands):

	Year Ended February 28,
	2023		2022		2021
United States	$	185,468	$	197,178	$	200,665
EMEA		54,695		51,771		58,470
LATAM		32,010		24,760		27,110
APAC		18,450		19,028		16,820
All other		4,326		3,102		5,522
	$	294,949	$	295,839	$	308,587