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Segment Information (Tables)

3 Months Ended

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

X

- 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

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- References

No definition available.

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