SEGMENT AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Feb. 28, 2022

Segment Reporting [Abstract]

Summary of Segment Information

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

	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

	Year ended February 29, 2020
	Operating Segments
	Software & Subscription Services			Telematics Products			Corporate Expenses			Total
Revenues	$	123,460		$	198,313					$	321,773
Gross profit	$	56,283		$	69,210					$	125,493
Gross margin		45.6	%		34.9	%					39.0	%
Adjusted EBITDA	$	21,674		$	21,763		$	(4,528	)	$	38,909

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 28/29,
	2022			2021			2020
Net loss from continuing operations	$	(31,148	)	$	(21,157	)	$	(51,552	)
Investment income		(1,175	)		(2,119	)		(4,497	)
Interest expense		15,323			15,487			20,096
Income tax provision		1,087			561			20,454
Depreciation and amortization		22,804			22,002			23,312
Stock-based compensation		11,321			10,357			10,667
Loss on extinguishment of debt		-			-			2,408
Acquisition and integration related expenses		-			-			2,210
Non-recurring legal expenses, net of reversal of litigation provision		2,518			2,262			6,213
Restructuring		600			2,534			2,465
Impairment losses		-			825			5,754
Costs incurred in transition of LoJack North America business to acquiror		2,103			-			-
Other		1,247			1,354			1,379
Adjusted EBITDA	$	24,680		$	32,106		$	38,909

Summary of Revenues by Geographic Area

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

	Year Ended February 28/29,
	2022		2021		2020
United States	$	197,178	$	200,665	$	222,055
EMEA		51,771		58,470		55,185
LATAM		24,760		27,110		21,232
APAC		19,028		16,820		14,342
All other		3,102		5,522		8,959
	$	295,839	$	308,587	$	321,773