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SEGMENT REPORTING (Tables) | 6 Months Ended
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Feb. 28, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the results for each segment for the three months ended February 28, 2025, and February 29, 2024, respectively. Please refer to Results of Operations within MD&A for a discussion of results in below tables:
(in thousands) |  | Three Months Ended February 28, 2025
|  | Software |  | Services |  | Total
Revenues |  | $ | 13,484 |  |  | $ | 8,948 |  |  | $ | 22,432 |
Cost of revenues |  | 2,587 |  |  | 6,718 |  |  | 9,305 |
Gross profit |  | $ | 10,897 |  |  | $ | 2,230 |  |  | $ | 13,127 |
Gross margin |  | 81 | % |  | 25 | % |  | 59 | %
Our software business and services business represented 60% and 40% of total revenue, respectively, for the three months ended February 28, 2025.
(in thousands) |  | Three Months Ended February 29, 2024
|  | Software |  | Services |  | Total
Revenues |  | $ | 11,614 |  |  | $ | 6,691 |  |  | $ | 18,305 |
Cost of revenues |  | 1,348 |  |  | 3,736 |  |  | 5,084 |
Gross profit |  | $ | 10,266 |  |  | $ | 2,955 |  |  | $ | 13,221 |
Gross margin |  | 88 | % |  | 44 | % |  | 72 | %
Our software business and services business represented 63% and 37% of total revenue, respectively, for the three months ended February 29, 2024. The following tables summarize the results for each segment for the six months ended February 28, 2025, and February 29, 2024, respectively. Please refer to Results of Operations within MD&A for a discussion of results in below tables:
(in thousands) |  | Six Months Ended February 28, 2025
|  | Software |  | Services |  | Total
Revenues |  | $ | 24,199 |  |  | $ | 17,157 |  |  | $ | 41,356 |
Cost of revenues |  | 5,225 |  |  | 12,786 |  |  | 18,011 |
Gross profit |  | $ | 18,974 |  |  | $ | 4,371 |  |  | $ | 23,345 |
Gross margin |  | 78 | % |  | 25 | % |  | 56 | %
Our software business and services business represented 59% and 41% of total revenue, respectively, for the six months ended February 28, 2025.
(in thousands) |  | Six Months Ended February 29, 2024
|  | Software |  | Services |  | Total
Revenues |  | $ | 19,203 |  |  | $ | 13,602 |  |  | $ | 32,805 |
Cost of revenues |  | 2,339 |  |  | 7,397 |  |  | 9,736 |
Gross profit |  | $ | 16,864 |  |  | $ | 6,205 |  |  | $ | 23,069 |
Gross margin |  | 88 | % |  | 46 | % |  | 70 | %
Our software business and services business represented 59% and 41% of total revenue, respectively, for the six months ended February 29, 2024.
Schedule of Geographical Revenues | The Company allocates revenues to geographic areas based on the locations of its customers. Geographical revenues for the three and six months ended February 28, 2025, and February 29, 2024, were as follows:
(in thousands) |  | Three Months Ended
|  | February 28, 2025 |  | February 29, 2024
|  | $ |  | % of total |  | $ |  | % of total
Americas |  | $ | 16,112 |  |  | 72 | % |  | $ | 12,461 |  |  | 68 | %
EMEA |  | 4,806 |  |  | 21 | % |  | 4,665 |  |  | 25 | %
Asia Pacific |  | 1,514 |  |  | 7 | % |  | 1,179 |  |  | 6 | %
Total |  | $ | 22,432 |  |  | 100 | % |  | $ | 18,305 |  |  | 100 | %
(in thousands) |  | Six Months Ended |  |  |  |
|  | February 28, 2025 |  | February 29, 2024 |  |
|  | $ |  | % of total* |  | $ |  | % of total |  |  |  |
Americas |  | $ | 30,581 |  |  | 74 | % |  | $ | 23,353 |  |  | 71 | % |  |  |  |
EMEA |  | 7,526 |  |  | 18 | % |  | 6,966 |  |  | 21 | % |  |  |  |
Asia Pacific |  | 3,249 |  |  | 8 | % |  | 2,486 |  |  | 8 | % |  |  |  |
Total |  | $ | 41,356 |  |  | 100 | % |  | $ | 32,805 |  |  | 100 | % |  |  |  |
*Percentages may not add due to rounding

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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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 + Details
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