v3.26.1
SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2026
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 statements of operations. The Company derives its revenue from product revenue and service revenue. Product revenue consists primarily of the sale of hardware devices. Service revenue consists primarily of recurring subscription services as well as professional implementation and other non-recurring services. The measure of segment assets is reported on the consolidated balance sheets 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,
2023202420252026
Total revenues$133,736 $33,740 $362,515 $443,777 
Total cost of revenues66,660 17,537 167,978 197,355 
Selling and marketing expenses24,076 5,720 53,048 73,160 
General and administrative expenses41,303 15,152 141,803 127,029 
Development costs incurred
12,716 3,417 28,881 34,771 
Development costs capitalized
(4,336)(1,399)(12,820)(16,412)
Depreciation and amortization5,874 960 9,510 8,298 
Interest income103 259 926 780 
Interest expense(1,602)(709)(20,330)(27,526)
Bargain purchase - Movingdots9,034 — — — 
Other expense(29)(55)(1,163)(4,086)
Income tax expense(589)(352)(4,517)(8,688)
Net loss before non-controlling interest(5,640)(8,504)(50,969)(19,944)
Non-controlling interest(35)(11)(18)(608)
Accretion of preferred stock(7,139)(9,996)— — 
Preferred stock dividend(4,493)(1,128)(25)— 
Net loss attributable to common stockholders$(17,307)$(19,639)$(51,012)$(20,552)

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

Year Ended
December 31,		Three Months Ended
March 31,		Year Ended March 31,
2023202420252026
North America$74,671 $18,090 $121,623 $159,339 
Israel41,689 11,267 49,555 58,385 
Africa3,283 863 97,586 109,702 
Europe and Middle East1,908 1,016 43,190 51,092 
Australia
— — 30,962 42,963 
Other12,185 2,504 19,599 22,296 
$133,736 $33,740 $362,515 $443,777 
The following table summarizes long-lived assets by geographic region (in thousands):

March 31,
2025		March 31,
2026
North America$13,051 $16,409 
Israel2,249 1,576 
Africa32,391 33,004 
Europe and Middle East4,824 6,098 
Australia
825 550 
Other4,671 4,761 
$58,011 $62,398