v3.22.2.2
Segment Reporting
 9 Months Ended
Oct. 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

October 31,

 

 

Nine Months Ended

October 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Taiwan

 

$

54,443

 

 

$

59,412

 

 

$

157,884

 

 

$

153,135

 

Asia Pacific

 

 

15,292

 

 

 

21,323

 

 

 

54,691

 

 

 

60,122

 

Europe

 

 

5,295

 

 

 

4,432

 

 

 

18,167

 

 

 

11,837

 

North America other than United States

 

 

5,748

 

 

 

5,984

 

 

 

15,020

 

 

 

13,117

 

United States

 

 

2,318

 

 

 

1,016

 

 

 

8,523

 

 

 

3,416

 

Total revenue

 

$

83,096

 

 

$

92,167

 

 

$

254,285

 

 

$

241,627

 

As of October 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, $3.9 million and $1.6 million, respectively.         

Major Customers

For the three and nine months ended October 31, 2022, the customers representing 10% or more of revenue and accounts receivable were WT and Chicony, which accounted for approximately 61.6% and 10.7% of total revenue for the three months ended October 31, 2022, respectively, and accounted for approximately 59.1% and 11.6% of total revenue for the nine months ended October 31, 2022, respectively. For the three and nine months ended October 31, 2021, the customers representing 10% or more of revenue and accounts receivable were WT and Chicony, which accounted for approximately 63.1% and 13.4% of total revenue for the three months ended October 31, 2021, respectively, and accounted for approximately 62.7% and 14.9% of total revenue for the nine months ended October 31, 2021, respectively. Accounts receivable with WT and Chicony were approximately $25.4 million and $8.9 million, respectively, as of October 31, 2022.