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Segment Information (Tables)

9 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

Segment Information

Operating segment information, along with a reconciliation of segment net income (loss) and consolidated net income (loss) to Adjusted EBITDA is presented in the tables below:

						Three months ended April 30, 2024
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	71,445,000					56,631,000						—						$	128,076,000
Operating income (loss)						$	2,796,000					5,727,000						(11,993,000)						$	(3,470,000)
Net income (loss)						$	1,828,000					5,266,000						(4,299,000)						$	2,795,000
Provision for (benefit from) income taxes						11,000						274,000						(5,666,000)						(5,381,000)
Interest expense						884,000						—						4,262,000						5,146,000
Interest (income) and other						73,000						187,000						149,000						409,000
Change in fair value of warrants						—						—						(6,439,000)						(6,439,000)
Amortization of stock-based compensation						—						—						404,000						404,000
Amortization of intangibles						1,671,000						3,618,000						—						5,289,000
Depreciation						1,047,000						1,985,000						89,000						3,121,000
Amortization of cost to fulfill assets						240,000						—						—						240,000
CEO transition costs						—						—						2,492,000						2,492,000
Restructuring costs						549,000						—						2,206,000						2,755,000
Strategic emerging technology costs						880,000						—						—						880,000
Loss on business divestiture, net						—						—						200,000						200,000
Adjusted EBITDA						$	7,183,000					11,330,000						(6,602,000)						$	11,911,000
Purchases of property, plant and equipment						$	388,000					2,154,000						125,000						$	2,667,000
Total assets at April 30, 2024						$	498,449,000					455,169,000						37,381,000						$	990,999,000

						Three months ended April 30, 2023
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	82,249,000					54,067,000						—						$	136,316,000
Operating income (loss)						$	37,000					3,160,000						(8,473,000)						$	(5,276,000)
Net income (loss)						$	650,000					2,902,000						(11,010,000)						$	(7,458,000)
(Benefit from) provision for income taxes						(1,188,000)						84,000						(1,828,000)						(2,932,000)
Interest expense						(25,000)						—						4,411,000						4,386,000
Interest (income) and other						600,000						174,000						(46,000)						728,000
Amortization of stock-based compensation						—						—						4,126,000						4,126,000
Amortization of intangibles						1,828,000						3,521,000						—						5,349,000
Depreciation						1,027,000						1,921,000						33,000						2,981,000
Amortization of cost to fulfill assets						240,000						—						—						240,000
Restructuring costs						2,191,000						548,000						1,357,000						4,096,000
Strategic emerging technology costs						1,029,000						—						—						1,029,000
Adjusted EBITDA						$	6,352,000					9,150,000						(2,957,000)						$	12,545,000
Purchases of property, plant and equipment						$	1,106,000					3,549,000						300,000						$	4,955,000
Total assets at April 30, 2023						$	488,814,000					475,380,000						25,665,000						$	989,859,000

						Nine months ended April 30, 2024
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	252,436,000					161,776,000												$	414,212,000
Operating income (loss)						$	14,756,000					17,901,000						(31,068,000)						$	1,589,000
Net income (loss)						$	10,672,000					17,011,000						(36,883,000)						$	(9,200,000)
Provision for (benefit from) income taxes						547,000						696,000						(604,000)						639,000
Interest expense						2,659,000						—						12,684,000						15,343,000
Interest (income) and other						878,000						194,000						174,000						1,246,000
Change in fair value of warrants						—						—						(6,439,000)						(6,439,000)
Amortization of stock-based compensation						—						—						5,238,000						5,238,000
Amortization of intangibles						5,014,000						10,852,000						—						15,866,000
Depreciation						2,865,000						5,933,000						275,000						9,073,000
Amortization of cost to fulfill assets						720,000						—						—						720,000
CEO transition costs						—						—						2,492,000						2,492,000
Restructuring costs						2,793,000						8,000						6,396,000						9,197,000
Strategic emerging technology costs						3,228,000						—						—						3,228,000
Gain on business divestiture, net						—						—						(2,013,000)						(2,013,000)
Adjusted EBITDA						$	29,376,000					$	34,694,000					$	(18,680,000)					$	45,390,000
Purchases of property, plant and equipment						$	1,763,000					6,175,000						966,000						$	8,904,000
Total assets at April 30, 2024						$	498,449,000					455,169,000						37,381,000						$	990,999,000

						Nine months ended April 30, 2023
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	243,529,000					157,651,000						—						$	401,180,000
Operating income (loss)						$	8,380,000					7,216,000						(31,377,000)						$	(15,781,000)
Net income (loss)						$	9,588,000					7,070,000						(40,017,000)						$	(23,359,000)
Benefit from income taxes						(1,832,000)						(197,000)						(1,733,000)						(3,762,000)
Interest expense						2,000						—						10,410,000						10,412,000
Interest (income) and other						622,000						343,000						(37,000)						928,000
Amortization of stock-based compensation						—						—						6,298,000						6,298,000
Amortization of intangibles						5,484,000						10,563,000						—						16,047,000
Depreciation						3,057,000						5,579,000						110,000						8,746,000
Amortization of cost to fulfill assets						720,000						—						—						720,000
Restructuring costs						4,336,000						548,000						2,080,000						6,964,000
Strategic emerging technology costs						2,513,000						—						—						2,513,000
CEO transition costs						—						—						9,090,000						9,090,000
Adjusted EBITDA						$	24,490,000					23,906,000						(13,799,000)						$	34,597,000
Purchases of property, plant and equipment						$	5,660,000					8,505,000						708,000						$	14,873,000
Total assets at April 30, 2023						$	488,814,000					475,380,000						25,665,000						$	989,859,000

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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