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SEGMENT REPORTING (Tables)

9 Months Ended

May 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the results for each segment for the three months ended May 31, 2024, and May 31, 2023:

(in thousands)						Three Months Ended May 31, 2024
						Software						Services						Total
Revenues						$	11,908					$	6,636					$	18,544
Cost of revenues						1,400						3,887						5,287
Gross profit						$	10,508					$	2,749					$	13,257
Gross margin						88		%				41		%				71		%

Our software business and services business represented 64% and 36% of total revenue, respectively, for the three months ended May 31, 2024.

(in thousands)						Three Months Ended May 31, 2023
						Software						Services						Total
Revenues						$	10,632					$	5,602					$	16,234
Cost of revenues						908						2,053						2,961
Gross profit						$	9,724					$	3,549					$	13,273
Gross margin						91		%				63		%				82		%

Our software business and services business represented 65% and 35% of total revenue, respectively, for the three months ended May 31, 2023.

The following tables summarize the results for each segment for the nine months ended May 31, 2024, and May 31, 2023:

(in thousands)						Nine Months Ended May 31, 2024
						Software						Services						Total
Revenues						$	31,111					$	20,238					$	51,349
Cost of revenues						3,739						11,284						15,023
Gross profit						$	27,372					$	8,954					$	36,326
Gross margin						88		%				44		%				71		%

Our software business and services business represented 61% and 39% of total revenue, respectively, for the nine months ended May 31, 2024.

(in thousands)						Nine Months Ended May 31, 2023
						Software						Services						Total
Revenues						$	27,193					$	16,755					$	43,948
Cost of revenues						2,636						5,616						8,252
Gross profit						$	24,557					$	11,139					$	35,696
Gross margin						90		%				66		%				81		%

Our software business and services business represented 62% and 38% of total revenue, respectively, for the nine months ended May 31, 2023.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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