v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Jun. 30, 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):

Three Months Ended June 30,
20252026
Total revenues$104,121 $110,793 
Total cost of revenues47,640 49,632 
Selling and marketing expenses17,597 21,168 
General and administrative expenses33,275 33,081 
Development costs incurred8,559 9,283 
Development costs capitalized(3,702)(4,923)
Depreciation and amortization2,790 2,282 
Interest income196 234 
Interest expense(6,786)(6,983)
Other expense(1,243)(405)
Income tax expense(362)(1,373)
Net loss(10,234)(8,257)
Non-controlling interest— (183)
Net loss attributable to common stockholders$(10,234)$(8,440)

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

Three Months Ended June 30,
20252026
North America$37,425 $34,430 
Israel13,295 17,735 
Africa25,462 29,230 
Europe and Middle East12,352 12,066 
Australia
10,618 11,207 
Other4,969 6,125 
$104,121 $110,793 

The following table summarizes long-lived assets by geographic region (in thousands):

March 31,
2026		June 30,
2026
North America$16,409 $16,819 
Israel1,576 1,528 
Africa33,004 34,015 
Europe and Middle East6,098 6,254 
Australia
550 455 
Other4,761 4,729 
$62,398 $63,800