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Segment Information (Tables) | 3 Months Ended
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Oct. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Operating segment information, along with a reconciliation of segment net income (loss) and consolidated net loss to Adjusted EBITDA is presented in the tables below:
|  | Three months ended October 31, 2024
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Unallocated |  | Total
Net sales |  | $ | 58,933,000 |  |  | 56,867,000 |  |  | — |  |  | $ | 115,800,000 |
Operating income (loss) |  | $ | (118,807,000) |  |  | 5,315,000 |  |  | (15,678,000) |  |  | $ | (129,170,000) |
Net income (loss) |  | $ | (119,391,000) |  |  | 5,342,000 |  |  | (34,358,000) |  |  | $ | (148,407,000) |
(Benefit from ) provision for income taxes |  | (55,000) |  |  | (9,000) |  |  | 2,198,000 |  |  | 2,134,000 |
Interest expense |  | 11,000 |  |  | — |  |  | 9,521,000 |  |  | 9,532,000 |
Interest (income) and other |  | 628,000 |  |  | (18,000) |  |  | 25,000 |  |  | 635,000 |
Write-off of deferred financing costs |  | — |  |  | — |  |  | 1,412,000 |  |  | 1,412,000 |
Change in fair value of warrants and derivatives |  | — |  |  | — |  |  | 5,524,000 |  |  | 5,524,000 |
Amortization of stock-based compensation |  | — |  |  | — |  |  | 155,000 |  |  | 155,000 |
Amortization of intangibles |  | 2,976,000 |  |  | 3,617,000 |  |  | — |  |  | 6,593,000 |
Depreciation |  | 847,000 |  |  | 1,962,000 |  |  | 86,000 |  |  | 2,895,000 |
Impairment of long-lived assets, including goodwill |  | 79,555,000 |  |  | — |  |  | — |  |  | 79,555,000 |
Amortization of cost to fulfill assets |  | 261,000 |  |  | — |  |  | — |  |  | 261,000 |
Proxy solicitation costs |  | — |  |  | — |  |  | 1,583,000 |  |  | 1,583,000 |
CEO transition costs |  | — |  |  | — |  |  | 598,000 |  |  | 598,000 |
Restructuring costs |  | 13,740,000 |  |  | 90,000 |  |  | 4,023,000 |  |  | 17,853,000 |
Strategic emerging technology costs |  | 280,000 |  |  | — |  |  | — |  |  | 280,000 |
Adjusted EBITDA |  | $ | (21,148,000) |  |  | $ | 10,984,000 |  |  | $ | (9,233,000) |  |  | $ | (19,397,000) |
Purchases of property, plant and equipment |  | $ | 50,000 |  |  | 2,108,000 |  |  | 257,000 |  |  | $ | 2,415,000 |
Total assets at October 31, 2024 |  | $ | 300,262,000 |  |  | 458,443,000 |  |  | 34,498,000 |  |  | $ | 793,203,000 |
|  | Three months ended October 31, 2023
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Unallocated |  | Total
Net sales |  | $ | 102,388,000 |  |  | 49,523,000 |  |  | — |  |  | $ | 151,911,000 |
Operating income (loss) |  | $ | 10,105,000 |  |  | 4,040,000 |  |  | (12,059,000) |  |  | $ | 2,086,000 |
Net income (loss) |  | $ | 9,303,000 |  |  | 4,145,000 |  |  | (14,885,000) |  |  | $ | (1,437,000) |
Provision for (benefit from) income taxes |  | 227,000 |  |  | (300,000) |  |  | (1,271,000) |  |  | (1,344,000) |
Interest expense |  | 872,000 |  |  | — |  |  | 4,060,000 |  |  | 4,932,000 |
Interest (income) and other |  | (297,000) |  |  | 195,000 |  |  | 37,000 |  |  | (65,000) |
Amortization of stock-based compensation |  | — |  |  | — |  |  | 2,645,000 |  |  | 2,645,000 |
Amortization of intangibles |  | 1,672,000 |  |  | 3,617,000 |  |  | — |  |  | 5,289,000 |
Depreciation |  | 954,000 |  |  | 1,973,000 |  |  | 95,000 |  |  | 3,022,000 |
Amortization of cost to fulfill assets |  | 240,000 |  |  | — |  |  | — |  |  | 240,000 |
Restructuring costs |  | 790,000 |  |  | 7,000 |  |  | 2,919,000 |  |  | 3,716,000 |
Strategic emerging technology costs |  | 1,370,000 |  |  | — |  |  | — |  |  | 1,370,000 |
Adjusted EBITDA |  | $ | 15,131,000 |  |  | 9,637,000 |  |  | (6,400,000) |  |  | $ | 18,368,000 |
Purchases of property, plant and equipment |  | $ | 903,000 |  |  | 1,736,000 |  |  | 577,000 |  |  | $ | 3,216,000 |
Total assets at October 31, 2023 |  | $ | 527,343,000 |  |  | 460,088,000 |  |  | 25,112,000 |  |  | $ | 1,012,543,000 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: 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 + Details
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