SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

3 Months Ended

May 31, 2023

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended May 31, 2023												Three Months Ended May 31, 2022
	Reportable Segments												Reportable Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total			Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	44,952		$	25,939					$	70,891		$	39,557		$	25,169					$	64,726
Gross profit	$	20,072		$	6,989					$	27,061		$	18,058		$	7,589					$	25,647
Gross margin		45	%		27	%					38	%		46	%		30	%					40	%
Adjusted EBITDA	$	6,314		$	314		$	(583	)	$	6,045		$	3,955		$	(747	)	$	(1,352	)	$	1,856

Summary of Adjusted EBITDA

The adjustments to our net income (losses) prepared in accordance with GAAP to calculate Adjusted EBITDA are itemized below (in thousands):

	Three Months Ended May 31,
	2023			2022
Net loss	$	(4,032	)	$	(12,173	)
Investment income		(207	)		114
Interest expense		1,678			1,533
Income tax provision		52			249
Depreciation		4,328			4,156
Amortization of intangible assets		1,222			1,342
Stock-based compensation		2,178			2,960
Non-recurring legal expenses		175			3,131
Costs incurred in transition of LoJack North America business to acquiror		36			752
Other		615			(208	)
Adjusted EBITDA	$	6,045		$	1,856

Summary of Revenues by Geographic Area

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

	Three Months Ended
	May 31,
	2023		2022
United States	$	39,402	$	40,402
EMEA		17,003		12,539
LATAM		7,098		5,977
APAC		6,156		5,219
All other		1,232		589
	$	70,891	$	64,726