Deferred Revenue |
3 Months Ended |
|---|---|
Apr. 30, 2025 | |
| Deferred Revenue [Abstract] | |
| Deferred Revenue | 8. Deferred Revenue
Deferred revenue is primarily related to nonrecurring engineering (NRE) charges that are either invoiced or paid but for which the related performance obligations are not yet satisfied, as well as, for product shipments, a portion of a transaction price that exceeds the weighted average selling price for products sold to date under tiered-pricing contracts that contain material rights. During the three months ended April 30, 2025 and 2024, the amount recognized as revenue that was included in the deferred revenue balance at the end of prior fiscal year was approximately $5.2 million and $0.4 million, respectively.
As of April 30, 2025, the amount of remaining unsatisfied performance obligations on contracts, primarily consisting of NRE project service agreements and product purchase orders with original contract duration of more than one year, was approximately $50.1 million, of which approximately 92% is expected to be recognized within the next 12 months. This does not include amounts from contracts that have an original expected contract duration of one year or less. |