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Segment Reporting
 3 Months Ended
Apr. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting

15. Segment Reporting

The Company operates in one operating and reporting segment related to the development and sales of low-power, HD, Ultra HD video compression, image processing and AI computer vision solutions. The Chief Executive Officer of the Company has been identified as the Chief Operating Decision Maker (the CODM) and manages the Company’s operations as a whole. For the purpose of evaluating financial performance and allocating resources, the CODM reviews financial information presented on a consolidated basis accompanied by information by customer and geographic region.

Geographic Revenue

The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.

 

 

Three Months Ended April 30,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Taiwan

 

$

33,685

 

 

$

30,634

 

Asia Pacific

 

 

12,750

 

 

 

15,605

 

Europe

 

 

4,199

 

 

 

3,516

 

North America other than United States

 

 

2,770

 

 

 

10,877

 

United States

 

 

1,069

 

 

 

1,510

 

Total revenue

 

$

54,473

 

 

$

62,142

 

 

Substantially all of the Company’s property and equipment were located in the Asia Pacific region, United States and Europe. As of April 30, 2024, the net amount of these fixed assets located in these regions was approximately $4.9 million, $3.7 million and $1.2 million, respectively. As of January 31, 2024, the net amount of these fixed assets located in these regions was approximately $5.3 million, $3.9 million and $1.2 million, respectively.

Major Customers

For the three months ended April 30, 2024, the customers representing 10% or more of revenue were WT and Chicony, which accounted for approximately 62% and 13% of total revenue, respectively. For the three months ended April 30, 2023, the customers representing 10% or more of revenue were WT, Chicony and Motorola, which accounted for approximately 49%, 16% and 11% of total revenue, respectively. Accounts receivable with WT and Chicony were approximately $13.8 million and $7.4 million as of April 30, 2024, respectively. Accounts receivable with WT and Chicony were approximately $10.3 million and $7.0 million as of January 31, 2024, respectively.