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Segment Information (Tables) | 6 Months Ended
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Jan. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Operating segment information, along with a reconciliation of segment Adjusted EBITDA to consolidated loss before income taxes is presented in the tables below:
|  | Three months ended January 31, 2025 |  | Six months ended January 31, 2025
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total |  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Net sales |  | $ | 73,721,000 |  |  | 52,853,000 |  |  | $ | 126,574,000 |  |  | $ | 132,654,000 |  |  | 109,720,000 |  |  | $ | 242,374,000 |
Adjusted EBITDA |  | $ | 4,705,000 |  |  | 8,920,000 |  |  | $ | 13,625,000 |  |  | $ | (16,443,000) |  |  | 19,904,000 |  |  | $ | 3,461,000 |
Unallocated corporate expenses |  |  |  |  |  | (10,722,000) |  |  |  |  |  |  | (19,955,000) |
Impairment of long-lived asset, including goodwill |  |  |  |  |  | — |  |  |  |  |  |  | (79,555,000) |
Restructuring expenses |  |  |  |  |  | (3,400,000) |  |  |  |  |  |  | (21,253,000) |
Strategic emerging technology costs |  |  |  |  |  | — |  |  |  |  |  |  | (280,000) |
CEO transition costs |  |  |  |  |  | 331,000 |  |  |  |  |  |  | (267,000) |
Proxy solicitation costs |  |  |  |  |  | (1,099,000) |  |  |  |  |  |  | (2,682,000) |
Amortization of cost to fulfill assets |  |  |  |  |  | — |  |  |  |  |  |  | (261,000) |
Depreciation |  |  |  |  |  | (2,779,000) |  |  |  |  |  |  | (5,674,000) |
Amortization of intangibles |  |  |  |  |  | (5,043,000) |  |  |  |  |  |  | (11,636,000) |
Amortization of stock-based compensation |  |  |  |  |  | (1,170,000) |  |  |  |  |  |  | (1,325,000) |
Change in fair value of warrants and derivatives |  |  |  |  |  | (28,568,000) |  |  |  |  |  |  | (34,092,000) |
Write-off of deferred financing costs |  |  |  |  |  | — |  |  |  |  |  |  | (1,412,000) |
Interest (income) and other |  |  |  |  |  | 126,000 |  |  |  |  |  |  | (509,000) |
Interest expense |  |  |  |  |  | (11,008,000) |  |  |  |  |  |  | (20,540,000) |
Loss before income taxes |  |  |  |  |  | $ | (49,707,000) |  |  |  |  |  |  | $ | (195,980,000) |
Purchases of property, plant and equipment |  | $ | 89,000 |  |  | 1,410,000 |  |  | 1,499,000 |  |  | $ | 139,000 |  |  | 3,518,000 |  |  | 3,657,000 |
Unallocated amounts |  |  |  |  |  | $ | 154,000 |  |  |  |  |  |  | $ | 411,000 |
Consolidated total |  |  |  |  |  | $ | 1,653,000 |  |  |  |  |  |  | $ | 4,068,000 |
Total assets |  | $ | 293,176,000 |  |  | 448,610,000 |  |  | 741,786,000 |  |  | $ | 293,176,000 |  |  | 448,610,000 |  |  | 741,786,000 |
Unallocated amounts |  |  |  |  |  | $ | 28,775,000 |  |  |  |  |  |  | $ | 28,775,000 |
Consolidated total |  |  |  |  |  | $ | 770,561,000 |  |  |  |  |  |  | $ | 770,561,000 |
|  | Three months ended January 31, 2024 |  | Six months ended January 31, 2024
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total |  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Net sales |  | $ | 78,603,000 |  |  | 55,622,000 |  |  | $ | 134,225,000 |  |  | $ | 180,991,000 |  |  | 105,145,000 |  |  | $ | 286,136,000 |
Adjusted EBITDA |  | $ | 7,062,000 |  |  | 13,727,000 |  |  | $ | 20,789,000 |  |  | $ | 22,193,000 |  |  | 23,364,000 |  |  | $ | 45,557,000 |
Unallocated corporate expenses |  |  |  |  |  | (5,678,000) |  |  |  |  |  |  | (12,078,000) |
Restructuring costs |  |  |  |  |  | (2,726,000) |  |  |  |  |  |  | (6,442,000) |
Strategic emerging technology costs |  |  |  |  |  | (978,000) |  |  |  |  |  |  | (2,348,000) |
Amortization of cost to fulfill assets |  |  |  |  |  | (240,000) |  |  |  |  |  |  | (480,000) |
Depreciation |  |  |  |  |  | (2,930,000) |  |  |  |  |  |  | (5,952,000) |
Amortization of intangibles |  |  |  |  |  | (5,288,000) |  |  |  |  |  |  | (10,577,000) |
Amortization of stock-based compensation |  |  |  |  |  | (2,189,000) |  |  |  |  |  |  | (4,834,000) |
Gain on business divestiture, net |  |  |  |  |  | 2,213,000 |  |  |  |  |  |  | 2,213,000 |
Interest (income) and other |  |  |  |  |  | (902,000) |  |  |  |  |  |  | (837,000) |
Interest expense |  |  |  |  |  | (5,265,000) |  |  |  |  |  |  | (10,197,000) |
Loss before income taxes |  |  |  |  |  | $ | (3,194,000) |  |  |  |  |  |  | $ | (5,975,000) |
Purchases of property, plant and equipment |  | $ | 1,724,000 |  |  | 2,285,000 |  |  | $ | 4,009,000 |  |  | $ | 2,627,000 |  |  | 4,021,000 |  |  | 6,648,000 |
Unallocated amounts |  |  |  |  |  | $ | 264,000 |  |  |  |  |  |  | $ | 841,000 |
Consolidated total |  |  |  |  |  | $ | 4,273,000 |  |  |  |  |  |  | $ | 7,489,000 |
Total assets |  | $ | 480,008,000 |  |  | 461,246,000 |  |  | $ | 941,254,000 |  |  | $ | 480,008,000 |  |  | 461,246,000 |  |  | 941,254,000 |
Unallocated amounts |  |  |  |  |  | $ | 55,501,000 |  |  |  |  |  |  | 55,501,000 |
Consolidated total |  |  |  |  |  | $ | 996,755,000 |  |  |  |  |  |  | $ | 996,755,000 |

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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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