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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Feb. 28, 2025
May 31, 2024
Current assets:    
Cash and cash equivalents $ 29,411 $ 49,159
Accounts receivable 11,991 9,796
Inventories 42,329 37,470
Prepaid expenses and other current assets 7,968 1,423
Total current assets 91,699 97,848
Property and equipment, net 7,028 3,253
Goodwill 10,742 0
Intangible assets, net 11,147 0
Deferred tax assets, net 18,789 20,773
Operating lease right-of-use assets, net 5,749 5,734
Other non-current assets 453 304
Total assets 145,607 127,912
Current liabilities:    
Accounts payable 6,961 5,332
Accrued expenses and other current liabilities 7,086 3,366
Operating lease liabilities, short-term 1,173 465
Deferred revenue, short-term 844 1,345
Total current liabilities 16,064 10,508
Operating lease liabilities, long-term 5,267 5,732
Deferred revenue, long-term 26 41
Other long-term liabilities 40 38
Total liabilities 21,397 16,319
Shareholders' equity:    
Preferred stock, $0.01 par value: Authorized: 10,000 shares; Issued and outstanding: none 0 0
Issued and outstanding: 29,770 shares and 28,995 shares at February 28, 2025 and May 31, 2024, respectively 298 289
Additional paid-in-capital 144,254 130,612
Accumulated other comprehensive loss (181) (158)
Accumulated deficit (20,161) (19,150)
Total shareholders' equity 124,210 111,593
Total liabilities and shareholders' equity $ 145,607 $ 127,912