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v3.24.3

Summary of Significant Accounting and Reporting Policies (Tables) | 12 Months Ended
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Jul. 31, 2024
Accounting Policies [Abstract] |
Sale by geography and customer type | Sales by geography and customer type, as a percentage of consolidated net sales, are as follows:
|  | Fiscal Years Ended July 31,
|  | 2024 |  | 2023 |  | 2022
United States |  |  |  |  |  |
U.S. government |  | 33.7 | % |  | 31.3 | % |  | 27.2 | %
Domestic |  | 44.8 | % |  | 44.7 | % |  | 47.8 | %
Total United States |  | 78.5 | % |  | 76.0 | % |  | 75.0 | %
International |  | 21.5 | % |  | 24.0 | % |  | 25.0 | %
Total |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Disaggregation of revenue | The following tables summarize our disaggregation of revenue consistent with information reviewed by our Chief Operating Decision Maker ("CODM") for the fiscal years ended July 31, 2024, 2023 and 2022. We believe these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors which impact our business. See Note (12) - "Segment Information" for more information related to our segments.
|  | Fiscal Year Ended July 31, 2024
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Geographical region and customer type |  |  |  |  |  |
U.S. government |  | $ | 179,816,000 |  |  | 2,504,000 |  |  | $ | 182,320,000 |
Domestic |  | 48,793,000 |  |  | 193,366,000 |  |  | 242,159,000 |
Total United States |  | 228,609,000 |  |  | 195,870,000 |  |  | 424,479,000 |
International |  | 95,460,000 |  |  | 20,464,000 |  |  | 115,924,000 |
Total |  | $ | 324,069,000 |  |  | 216,334,000 |  |  | $ | 540,403,000 |
Contract type |  |  |  |  |  |
Firm fixed-price |  | $ | 275,428,000 |  |  | 216,334,000 |  |  | $ | 491,762,000 |
Cost reimbursable |  | 48,641,000 |  |  | — |  |  | 48,641,000 |
Total |  | $ | 324,069,000 |  |  | 216,334,000 |  |  | $ | 540,403,000 |
Transfer of control |  |  |  |  |  |
Point in time |  | $ | 135,070,000 |  |  | 1,578,000 |  |  | $ | 136,648,000 |
Over time |  | 188,999,000 |  |  | 214,756,000 |  |  | 403,755,000 |
Total |  | $ | 324,069,000 |  |  | 216,334,000 |  |  | $ | 540,403,000 |
|  | Fiscal Year Ended July 31, 2023
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Geographical region and customer type |  |  |  |  |  |
U.S. government |  | $ | 168,411,000 |  |  | 3,567,000 |  |  | $ | 171,978,000 |
Domestic |  | 56,568,000 |  |  | 189,331,000 |  |  | 245,899,000 |
Total United States |  | 224,979,000 |  |  | 192,898,000 |  |  | 417,877,000 |
International |  | 112,777,000 |  |  | 19,340,000 |  |  | 132,117,000 |
Total |  | $ | 337,756,000 |  |  | 212,238,000 |  |  | $ | 549,994,000 |
Contract type |  |  |  |  |  |
Firm fixed-price |  | $ | 288,482,000 |  |  | 212,238,000 |  |  | $ | 500,720,000 |
Cost reimbursable |  | 49,274,000 |  |  | — |  |  | 49,274,000 |
Total |  | $ | 337,756,000 |  |  | 212,238,000 |  |  | $ | 549,994,000 |
Transfer of control |  |  |  |  |  |
Point in time |  | $ | 197,808,000 |  |  | 2,968,000 |  |  | $ | 200,776,000 |
Over time |  | 139,948,000 |  |  | 209,270,000 |  |  | 349,218,000 |
Total |  | $ | 337,756,000 |  |  | 212,238,000 |  |  | $ | 549,994,000 |
|  | Fiscal Year Ended July 31, 2022
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Geographical region and customer type |  |  |  |  |  |
U.S. government |  | $ | 127,536,000 |  |  | 5,061,000 |  |  | $ | 132,597,000 |
Domestic |  | 50,274,000 |  |  | 181,976,000 |  |  | 232,250,000 |
Total United States |  | 177,810,000 |  |  | 187,037,000 |  |  | 364,847,000 |
International |  | 101,868,000 |  |  | 19,524,000 |  |  | 121,392,000 |
Total |  | $ | 279,678,000 |  |  | 206,561,000 |  |  | $ | 486,239,000 |
Contract type |  |  |  |  |  |
Firm fixed-price |  | $ | 249,497,000 |  |  | 206,561,000 |  |  | $ | 456,058,000 |
Cost reimbursable |  | 30,181,000 |  |  | — |  |  | 30,181,000 |
Total |  | $ | 279,678,000 |  |  | 206,561,000 |  |  | $ | 486,239,000 |
Transfer of control |  |  |  |  |  |
Point in time |  | $ | 186,052,000 |  |  | 2,633,000 |  |  | $ | 188,685,000 |
Over time |  | 93,626,000 |  |  | 203,928,000 |  |  | 297,554,000 |
Total |  | $ | 279,678,000 |  |  | 206,561,000 |  |  | $ | 486,239,000 |
Schedule of numerators and denominators used in basic and diluted EPS calculations | The following table reconciles the numerators and denominators used in the basic and diluted EPS calculations:
|  | Fiscal Years Ended July 31,
|  | 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |
Net loss |  | $ | (99,985,000) |  |  | (26,899,000) |  |  | (33,052,000) |
Loss on extinguishment of convertible preferred stock |  | (19,555,000) |  |  | — |  |  | — |
Convertible preferred stock issuance costs |  | (4,349,000) |  |  | — |  |  | (4,007,000) |
Establishment of initial convertible preferred stock purchase option liability |  | — |  |  | — |  |  | (1,005,000) |
Dividend on convertible preferred stock |  | (11,551,000) |  |  | (7,007,000) |  |  | (5,204,000) |
Net loss attributable to common stockholders |  | $ | (135,440,000) |  |  | (33,906,000) |  |  | (43,268,000) |
Denominator: |  |  |  |  |  |
Denominator for basic and diluted calculation |  | 28,799,000 |  |  | 28,002,000 |  |  | 26,506,000 |

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