v3.25.2
Operating Segments and Geographic Information
 12 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
Operating Segments and Geographic Information

(15) Operating Segments and Geographic Information

 

The Company operates as one operating segment. The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer, who reviews financial information on a consolidated basis and utilizes net loss for purposes of making operating decisions, assessing financial performance of the consolidated Company, and making resource allocation decisions. The CODM also reviews total assets. While assets may move throughout the world to support our revenue projects, for reporting purposes they are included in North America total assets. Revenue and expenses are generally attributed to the operating unit that bills the customers. Geographic information is as follows:

 

   Year Ended April 30, 2025 
   North & South
America		   Europe   Asia and
Australia		   Total 
   (in thousands) 
Revenue from external customers  $3,855   $1,888   $118   $5,861 
Operating (loss) income   (22,835)   467    78    (22,290)
Right-of-use assets, net   1,552    —    —    1,552 
Long-lived assets   3,444    —    —    3,444 
Total assets   30,793    —    —    30,793 

 

   Year Ended April 30, 2024 
   North & South
America		   Europe   Asia and
Australia		   Total 
   (in thousands) 
Revenue from external customers  $5,278   $247   $—   $5,525 
Operating (loss) income   (29,548)   217    —    (29,331)
Right-of-use assets, net   2,405    —    —    2,405 
Long-lived assets   3,443    —    —    3,443 
Total assets   28,704    —    —    28,704 

 

The following table presents selected financial information with respect to the Company’s single operating segment and its significant segment expenses for the years ended April 30, 2025 and 2024:

 

   2025   2024 
   Fiscal years ended April 30, 
   2025   2024 
   (in thousands) 
Revenue  $5,861   $5,525 
Less:          
Cost of sales   4,201    2,699 
Product development costs   1,619    5,027 
Employee-related costs   

6,939

    11,045 
Professional, consulting and contractor fees   4,705    9,024 
General and administrative costs   2,889    3,829 
Facilities costs   1,587    1,544 
Stock based compensation   4,603    1,155 
Depreciation and amortization expense   904    568 
Other expense (income)   

168

    171 
Interest income   (47)   (800)
Loss on extinguishment of debt   838    — 
Income tax benefit   (1,034)   (1,254)
Net loss  $(21,511)  $(27,483)