| In millions, except per share items | Aug-31-23 | Aug-31-22 | Feb-28-22 | Feb-28-21 | Feb-29-20 | Feb-28-19 | Feb-28-18 | Feb-28-17 |
| | 8-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Telematics Systems | | | | | | | 302.1 | 274.3 |
| Software & Subscription Services | | | 154.3 | 129.9 | 123.5 | 74.8 | 63.8 | 61.7 |
| Satellite | | | | | | | | 15.1 |
| Other | | | 141.5 | 178.7 | 198.3 | 236.7 | | |
| Total revenues | 132.6 | 137.6 | 295.8 | 308.6 | 321.8 | 311.5 | 365.9 | 351.1 |
| Revenue growth [+] | -3.6% | | -4.1% | -4.1% | 3.3% | -14.9% | 4.2% | 25.1% |
| Telematics Systems | | | | | | | 10.1% | 33.7% |
| Software & Subscription Services | | | 18.8% | 5.2% | 65.0% | 17.3% | 3.3% | 70.6% |
| Satellite | | | | | | | | -61.7% |
| Cost of goods sold | 83.2 | 82.9 | 174.0 | 186.2 | 196.3 | 185.7 | 215.0 | 207.8 |
| Gross profit | 49.4 | 54.7 | 121.9 | 122.4 | 125.5 | 125.9 | 150.9 | 143.4 |
| Gross margin | 37.3% | 39.7% | 41.2% | 39.7% | 39.0% | 40.4% | 41.2% | 40.8% |
| Selling, general and administrative [+] | 42.0 | 52.9 | 100.9 | 95.3 | 96.9 | 60.6 | 102.2 | 106.2 |
| Sales and marketing | 20.6 | 24.2 | 48.6 | 46.2 | 47.4 | 37.7 | 50.1 | 49.0 |
| General and administrative | 21.4 | 28.7 | 52.3 | 49.1 | 49.5 | 23.0 | 52.1 | 57.1 |
| Research and development | 10.6 | 13.8 | 28.4 | 25.8 | 27.0 | 25.5 | 25.8 | 22.0 |
| Equity in earnings | | | | | | | | |
| EBITDA [+] | -3.2 | -12.0 | 9.9 | 18.5 | 19.1 | 45.6 | 30.9 | 23.6 |
| EBITDA growth | -73.0% | | -46.4% | -2.9% | -58.1% | 47.4% | 31.0% | -37.0% |
| EBITDA margin | -2.4% | -8.7% | 3.4% | 6.0% | 5.9% | 14.6% | 8.4% | 6.7% |
| Depreciation | | | 17.4 | 17.2 | 17.4 | 5.9 | 8.0 | 8.4 |
| EBITA | -3.2 | -12.0 | -7.5 | 1.3 | 1.6 | 39.7 | 22.9 | 15.2 |
| EBITA margin | -2.4% | -8.7% | -2.5% | 0.4% | 0.5% | 12.7% | 6.3% | 4.3% |
| Amortization of intangibles | 2.4 | 2.7 | 5.4 | 4.8 | 5.9 | 3.9 | 15.0 | 15.1 |
| EBIT [+] | -5.6 | -14.7 | -12.9 | -3.5 | -4.2 | 35.8 | 8.0 | 0.1 |
| EBIT growth | -61.9% | | 271.3% | -18.0% | -111.8% | 349.7% | 6367.5% | -99.5% |
| EBIT margin | -4.2% | -10.7% | -4.4% | -1.1% | -1.3% | 11.5% | 2.2% | 0.0% |
| Non-recurring items [+] | | | 0.6 | 3.4 | 8.2 | 2.3 | | |
| Asset impairment | | | | 0.8 | 5.8 | | | |
| Interest expense, net [+] | 3.3 | 3.0 | 14.1 | 13.4 | 15.6 | 11.5 | 8.0 | 8.2 |
| Interest expense | 3.3 | 3.0 | 15.3 | 15.5 | 20.1 | 16.7 | 10.3 | 9.9 |
| Interest income | | | 1.2 | 2.1 | 4.5 | 5.3 | 2.3 | 1.7 |
| Other income (expense), net [+] | 1.1 | -1.6 | -4.6 | -1.5 | -44.0 | -1.9 | 27.4 | 1.7 |
| Litigation settlement | | | | | | 7.5 | 28.3 | |
| Gain (loss) on debt retirement | | | | | -2.4 | -2.0 | | |
| Other | | | -2.4 | -0.4 | -0.1 | -0.7 | 0.4 | -0.1 |
| Pre-tax income | -7.8 | -19.3 | -32.2 | -21.7 | -72.0 | 20.1 | 27.3 | -6.3 |
| Income taxes | 0.5 | 0.4 | -1.1 | -0.6 | -20.5 | -0.6 | 10.7 | 1.6 |
| Tax rate | | | 3.4% | 2.6% | 28.4% | | 39.1% | |
| Net income | -8.3 | -19.7 | -28.0 | -56.3 | -79.3 | 18.4 | 16.6 | -7.9 |
| Net margin | -6.2% | -14.3% | -9.5% | -18.2% | -24.6% | 5.9% | 4.5% | -2.3% |
| |
| Basic EPS [+] | ($0.22) | ($0.55) | ($0.88) | ($0.62) | ($1.53) | $0.60 | $0.47 | ($0.22) |
| Growth | -59.1% | | 43.6% | -59.8% | -356.2% | 26.8% | -314.2% | -147.3% |
| Diluted EPS [+] | ($0.22) | ($0.55) | ($0.88) | ($0.62) | ($1.53) | $0.59 | $0.46 | ($0.22) |
| Growth | -59.1% | | 43.6% | -59.8% | -361.4% | 27.4% | -308.9% | -148.0% |
| |
| Shares outstanding (basic) [+] | 36.8 | 35.9 | 35.3 | 34.4 | 33.7 | 34.6 | 35.3 | 35.9 |
| Growth | 2.6% | | 2.5% | 2.1% | -2.7% | -1.9% | -1.9% | -1.5% |
| Shares outstanding (diluted) [+] | 36.8 | 35.9 | 35.3 | 34.4 | 33.7 | 35.3 | 36.1 | 35.9 |
| Growth | 2.6% | | 2.5% | 2.1% | -4.6% | -2.3% | 0.6% | -2.8% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |