v3.25.2
SEGMENT REPORTING (Tables)
9 Months Ended
May 31, 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 May 31, 2025, and May 31, 2024, respectively. Please refer to Results of Operations within MD&A for a discussion of results in below tables:
(in thousands)Three Months Ended May 31, 2025
SoftwareServicesTotal
Revenues$12,615 $7,748 $20,363 
Cost of revenues2,540 4,791 7,331 
Gross profit$10,075 $2,957 $13,032 
Gross margin80 %38 %64 %
Our software segment and services segment represented 62% and 38% of total revenue, respectively, for the three months ended May 31, 2025.
(in thousands)Three Months Ended May 31, 2024
SoftwareServicesTotal
Revenues$11,908 $6,636 $18,544 
Cost of revenues1,400 3,887 5,287 
Gross profit$10,508 $2,749 $13,257 
Gross margin88 %41 %71 %
Our software segment and services segment represented 64% and 36% of total revenue, respectively, for the three months ended May 31, 2024.
The following tables summarize the results for each segment for the nine months ended May 31, 2025, and May 31, 2024, respectively. Please refer to Results of Operations within MD&A for a discussion of results in below tables:
(in thousands)Nine Months Ended May 31, 2025
SoftwareServicesTotal
Revenues$36,814 $24,905 $61,719 
Cost of revenues7,765 17,577 25,342 
Gross profit$29,049 $7,328 $36,377 
Gross margin79 %29 %59 %
Our software segment and services segment represented 60% and 40% of total revenue, respectively, for the nine months ended May 31, 2025.
(in thousands)Nine Months Ended May 31, 2024
SoftwareServicesTotal
Revenues$31,111 $20,238 $51,349 
Cost of revenues3,739 11,284 15,023 
Gross profit$27,372 $8,954 $36,326 
Gross margin88 %44 %71 %
Our software segment and services segment represented 61% and 39% of total revenue, respectively, for the nine months ended May 31, 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 nine months ended May 31, 2025, and May 31, 2024, were as follows:
(in thousands)Three Months Ended
May 31, 2025May 31, 2024
$% of total $% of total
Americas$14,544 71 %$12,428 67 %
EMEA3,698 18 %4,513 24 %
Asia Pacific2,121 11 %1,603 %
Total$20,363 100 %$18,544 100 %
(in thousands)Nine Months Ended
May 31, 2025May 31, 2024
$% of total*$% of total
Americas$45,125 73 %$35,781 70 %
EMEA11,224 18 %11,479 22 %
Asia Pacific5,370 %4,089 %
Total$61,719 100 %$51,349 100 %
*Percentages may not add due to rounding