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Segment Information (Tables) | 9 Months Ended
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Apr. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Operating segment information, along with a reconciliation of segment Adjusted EBITDA to consolidated income (loss) before income taxes is presented in the tables below:
|  | Three months ended April 30, 2025 |  | Nine months ended April 30, 2025
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total |  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Net sales |  | $ | 67,566,000 |  |  | 59,221,000 |  |  | $ | 126,787,000 |  |  | $ | 200,220,000 |  |  | 168,941,000 |  |  | $ | 369,161,000 |
Adjusted EBITDA |  | $ | 5,705,000 |  |  | 13,917,000 |  |  | $ | 19,622,000 |  |  | $ | (22,107,000) |  |  | 33,821,000 |  |  | $ | 11,714,000 |
Unallocated corporate expenses |  |  |  |  |  | (7,046,000) |  |  |  |  |  |  | (27,001,000) |
Amortization of cost to fulfill assets |  |  |  |  |  | — |  |  |  |  |  |  | (261,000) |
Restructuring costs |  |  |  |  |  | (4,338,000) |  |  |  |  |  |  | (14,222,000) |
Amortization of stock-based compensation |  |  |  |  |  | (1,195,000) |  |  |  |  |  |  | (2,520,000) |
Depreciation |  |  |  |  |  | (2,726,000) |  |  |  |  |  |  | (8,400,000) |
Strategic emerging technology costs |  |  |  |  |  | — |  |  |  |  |  |  | (280,000) |
Amortization of intangibles |  |  |  |  |  | (5,044,000) |  |  |  |  |  |  | (16,680,000) |
Impairment of long-lived asset, including goodwill |  |  |  |  |  | — |  |  |  |  |  |  | (79,555,000) |
Proxy solicitation costs |  |  |  |  |  | — |  |  |  |  |  |  | (2,682,000) |
CEO transition costs |  |  |  |  |  | (805,000) |  |  |  |  |  |  | (1,072,000) |
Interest expense |  |  |  |  |  | (12,907,000) |  |  |  |  |  |  | (33,447,000) |
Interest (income) and other |  |  |  |  |  | 509,000 |  |  |  |  |  |  | — |
Write-off of deferred financing costs and debt discounts |  |  |  |  |  | (3,479,000) |  |  |  |  |  |  | (4,891,000) |
Change in fair value of warrants and derivatives |  |  |  |  |  | 49,542,000 |  |  |  |  |  |  | 15,450,000 |
Income (loss) before income taxes |  |  |  |  |  | $ | 32,133,000 |  |  |  |  |  |  | $ | (163,847,000) |
Purchases of property, plant and equipment |  | $ | 171,000 |  |  | 2,290,000 |  |  | $ | 2,461,000 |  |  | $ | 310,000 |  |  | 5,808,000 |  |  | $ | 6,118,000 |
Unallocated amounts |  |  |  |  |  | — |  |  |  |  |  |  | 411,000 |
Consolidated total |  |  |  |  |  | $ | 2,461,000 |  |  |  |  |  |  | $ | 6,529,000 |
Total assets as of April 30, 2025 |  |  |  |  |  |  |  | $ | 268,261,000 |  |  | 451,121,000 |  |  | $ | 719,382,000 |
Unallocated amounts |  |  |  |  |  |  |  |  |  |  |  | 31,762,000 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  | $ | 751,144,000 |
|  | Three months ended April 30, 2024 |  | Nine months ended April 30, 2024
|  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total |  | Satellite and Space Communications |  | Terrestrial and Wireless Networks |  | Total
Net sales |  | $ | 71,445,000 |  |  | 56,631,000 |  |  | $ | 128,076,000 |  |  | $ | 252,436,000 |  |  | 161,776,000 |  |  | $ | 414,212,000 |
Adjusted EBITDA |  | $ | 7,183,000 |  |  | 11,330,000 |  |  | $ | 18,513,000 |  |  | $ | 29,376,000 |  |  | 34,694,000 |  |  | $ | 64,070,000 |
Unallocated corporate expenses |  |  |  |  |  | (6,602,000) |  |  |  |  |  |  | (18,680,000) |
Amortization of cost to fulfill assets |  |  |  |  |  | (240,000) |  |  |  |  |  |  | (720,000) |
Restructuring costs |  |  |  |  |  | (2,755,000) |  |  |  |  |  |  | (9,197,000) |
Amortization of stock-based compensation |  |  |  |  |  | (404,000) |  |  |  |  |  |  | (5,238,000) |
Depreciation |  |  |  |  |  | (3,121,000) |  |  |  |  |  |  | (9,073,000) |
Strategic emerging technology costs |  |  |  |  |  | (880,000) |  |  |  |  |  |  | (3,228,000) |
Amortization of intangibles |  |  |  |  |  | (5,289,000) |  |  |  |  |  |  | (15,866,000) |
CEO transition costs |  |  |  |  |  | (2,492,000) |  |  |  |  |  |  | (2,492,000) |
(Loss) gain on business divestiture, net |  |  |  |  |  | (200,000) |  |  |  |  |  |  | 2,013,000 |
Interest expense |  |  |  |  |  | (5,146,000) |  |  |  |  |  |  | (15,343,000) |
Interest (income) and other |  |  |  |  |  | (409,000) |  |  |  |  |  |  | (1,246,000) |
Change in fair value of warrants and derivatives |  |  |  |  |  | 6,439,000 |  |  |  |  |  |  | 6,439,000 |
Loss before income taxes |  |  |  |  |  | $ | (2,586,000) |  |  |  |  |  |  | $ | (8,561,000) |
Purchases of property, plant and equipment |  | $ | 388,000 |  |  | 2,154,000 |  |  | $ | 2,542,000 |  |  | $ | 1,763,000 |  |  | 6,175,000 |  |  | $ | 7,938,000 |
Unallocated amounts |  |  |  |  |  | 125,000 |  |  |  |  |  |  | 966,000 |
Consolidated total |  |  |  |  |  | $ | 2,667,000 |  |  |  |  |  |  | $ | 8,904,000 |
Total assets as of April 30, 2024 |  |  |  |  |  |  |  | $ | 498,449,000 |  |  | 455,169,000 |  |  | $ | 953,618,000 |
Unallocated amounts |  |  |  |  |  |  |  |  |  |  |  | 37,381,000 |
Consolidated total |  |  |  |  |  |  |  |  |  |  |  | $ | 990,999,000 |

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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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