v3.22.2.2
Segment Reporting
 6 Months Ended
Jul. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting

14. Segment Reporting

The Company operates in one reportable segment related to the development and sales of low-power, high-definition (HD), Ultra HD video compression, image processing and 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 July 31,

 

 

Six Months Ended July 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Taiwan

 

$

49,805

 

 

$

49,136

 

 

$

103,441

 

 

$

93,723

 

Asia Pacific

 

 

17,844

 

 

 

20,162

 

 

 

39,399

 

 

 

38,799

 

Europe

 

 

4,479

 

 

 

4,387

 

 

 

12,872

 

 

 

7,405

 

North America other than United States

 

 

4,386

 

 

 

4,443

 

 

 

9,272

 

 

 

7,133

 

United States

 

 

4,370

 

 

 

1,199

 

 

 

6,205

 

 

 

2,400

 

Total revenue

 

$

80,884

 

 

$

79,327

 

 

$

171,189

 

 

$

149,460

 

As of July 31, 2022, substantially all of the Company’s property and equipment were located in the Asia Pacific region, United States and Europe with approximate net amounts of $5.3 million, $3.6 million and $1.6 million, respectively.         

Major Customers

For the three and six months ended July 31, 2022, the customers representing 10% or more of revenue and accounts receivable were WT and Chicony, which accounted for approximately 59.4% and 12.9% of total revenue for the three months ended July 31, 2022, respectively, and accounted for approximately 57.9% and 12.1% of total revenue for the six months ended July 31, 2022, respectively. For the three and six months ended July 31, 2021, the customers representing 10% or more of revenue and accounts receivable were WT and Chicony, which accounted for approximately 61.6% and 15.8% of total revenue for the three months ended July 31, 2021, respectively, and accounted for approximately 62.4% and 15.8% of total revenue for the six months ended July 31, 2021, respectively. Accounts receivable with WT and Chicony were approximately $16.2 million and $10.5 million, respectively, as of July 31, 2022.