| Summary of Geographical Segments |
The Company’s revenues are allocated to geographic regions for the year ended April 30, 2025, 2024 and 2023 as follows:
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Years ended
April 30, |
|
Revenue by Region
(in thousands) |
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2025
$ |
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2024
$ |
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2023
$ |
|
United States of America |
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12,614 |
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12,556 |
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9,365 |
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Europe |
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10,178 |
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10,867 |
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9,450 |
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Canada |
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234 |
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389 |
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|
618 |
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Australia |
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896 |
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|
482 |
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|
630 |
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Other |
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598 |
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224 |
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|
602 |
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24,520 |
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24,518 |
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20,665 |
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The Company’s non-current assets are allocated to geographic regions as of April 30, 2025, 2024 and 2023 as follows:
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Non-Current Assets
(in thousands) |
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2025
$ |
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2024
$ |
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2023
$ |
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North America - Corporate |
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|
80 |
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80 |
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89 |
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North America |
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4,167 |
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4,138 |
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1,025 |
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Belgium |
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268 |
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22,261 |
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40,406 |
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Netherlands |
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21,172 |
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22,022 |
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19,501 |
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25,687 |
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|
48,501 |
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|
61,021 |
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Geographic segmentation of the Company’s net income (loss) for the year ended April 30, 2025, 2024 and 2023 is as follows:
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Years ended
April 30, |
|
Net Income (Loss) by Region
(in thousands) |
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2025
$ |
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2024
$ |
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2023
$ |
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North America - Corporate |
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(8,142 |
) |
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(7,846 |
) |
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(8,422 |
) |
North America |
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|
699 |
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(449 |
) |
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(12,601 |
) |
Belgium |
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(23,908 |
) |
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(19,009 |
) |
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(7,024 |
) |
Netherlands |
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1,117 |
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1,189 |
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1,487 |
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(30,234 |
) |
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(26,115 |
) |
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(26,560 |
) |
Geographic segmentation of the interest and accretion, and amortization and depreciation for the year ended April 30, 2025, 2024 and 2023 is as follows:
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Years ended
April 30, |
|
Interest and accretion
(in thousands) |
|
2025
$ |
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2024
$ |
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2023
$ |
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North America - Corporate |
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39 |
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4 |
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39 |
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North America |
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223 |
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|
231 |
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19 |
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Belgium |
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— |
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— |
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|
20 |
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Netherlands |
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|
697 |
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|
619 |
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|
318 |
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|
959 |
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|
854 |
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|
396 |
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Years ended
April 30, |
|
Amortization and depreciation
(in thousands) |
|
2025
$ |
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2024
$ |
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2023
$ |
|
North America - Corporate |
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|
5 |
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11 |
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14 |
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North America |
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672 |
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|
687 |
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|
720 |
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Belgium |
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1,612 |
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2,422 |
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2,543 |
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Netherlands |
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2,830 |
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|
2,615 |
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3,408 |
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5,119 |
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5,735 |
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6,685 |
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| Summary of Revenues Allocated According to Revenue Types |
The Company’s revenues are allocated according to revenue types for the year ended April 30, 2025, 2024 and 2023 as follows:
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Years ended
April 30, |
|
Revenue Allocation
(in thousands) |
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2025
$ |
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2024
$ |
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2023
$ |
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Project revenue |
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22,175 |
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|
22,235 |
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18,677 |
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Product sales revenue |
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|
2,107 |
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|
2,035 |
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|
1,747 |
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Cryostorage revenue |
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|
238 |
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|
248 |
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|
241 |
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|
24,520 |
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|
24,518 |
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|
20,665 |
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