v3.25.2
SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company operates in one reportable segment, wireless AIoT asset management.

The Company has a single operating and reportable segment. The Company’s Chief Operating Decision Maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM makes operating decisions, assesses financial performance, and allocates resources based on consolidated net loss attributable to common stockholders as reported on the Company’s Consolidated Statement of Operations. The Company derives its revenue from the sale of systems and products and from customer SaaS and hosting infrastructure fees. The measure of segment assets is reported on the Consolidated Balance Sheet as net fixed assets.
The following table summarizes the revenues and significant expenses and regularly provided to the CODM (in thousands):

Year Ended
December 31,		Three Months Ended
March 31,		Year Ended March 31,
2022202320242025
Total revenues$135,912 $133,736 $33,740 $362,515 
Total cost of revenues70,919 66,660 17,537 167,978 
Selling and marketing expenses22,964 24,076 5,720 53,048 
General and administrative expenses34,564 41,303 15,152 141,803 
Development costs incurred
10,641 12,716 3,417 28,881 
Development costs capitalized
(2,169)(4,336)(1,399)(12,820)
Depreciation and amortization5,964 5,874 960 9,510 
Interest income71 103 259 926 
Interest expense, net994 (1,602)(709)(20,330)
Bargain purchase - Movingdots— 9,034 — — 
Other income (expense), net
24 (29)(55)(1,163)
Income tax expense(870)(589)(352)(4,517)
Net loss before non-controlling interest(6,752)(5,640)(8,504)(50,969)
Non-controlling interest(2)(35)(11)(18)
Accretion of preferred stock(5,906)(7,139)(9,996)— 
Preferred stock dividend(4,231)(4,493)(1,128)(25)
Net loss attributable to common stockholders$(16,891)$(17,307)$(19,639)$(51,012)

The following table summarizes revenues by geographic region (in thousands):

Year Ended
December 31,		Three Months Ended
March 31,		Year Ended March 31,
2022202320242025
North America$70,820 $74,671 $18,090 $121,623 
Israel44,580 41,689 11,267 49,555 
Africa3,241 3,283 863 97,586 
Europe and Middle East3,120 1,908 1,016 43,190 
Australia
— — — 30,962 
Other14,151 12,185 2,504 19,599 
$135,912 $133,736 $33,740 $362,515 
The following table summarizes long-lived assets by geographic region (in thousands):

March 31,
2024		March 31,
2025
North America$4,083 $13,051 
Israel3,946 2,249 
Africa705 32,391 
Europe and Middle East2,850 4,824 
Australia
— 825 
Other1,135 4,671 
$12,719 $58,011