v3.26.1
Operating Segments and Geographic Information
 12 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Operating Segments and Geographic Information

(16) 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, 2026 
   North & South
America		   Europe   Asia and
Australia		   Total 
   (in thousands) 
Revenue from external customers  $1,220   $1,793   $724   $3,737 
Operating loss   (36,494)   (82)   (1,787)   (38,363)
Right-of-use assets, net   1,886    —    —    1,886 
Long-lived assets   10,255    —    —    10,255 
Total assets   39,923    —    —    39,923 

 

   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 

 

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, 2026 and 2025:

 

   2026   2025 
   Fiscal years ended April 30, 
   2026   2025 
   (in thousands) 
Revenue  $3,737   $5,861 
Less:          
Cost of sales   9,658    4,201 
Product development costs   1,690    1,619 
Employee-related costs   8,425    6,939 
Professional, consulting and contractor fees   5,584    4,705 
General and administrative costs   3,568    2,889 
Facilities costs   1,726    1,587 
Share-based compensation   9,488    4,603 
Depreciation and amortization expense   1,028    904 
Other expense, net   891    68 
Interest expense/(income), net   2,785    (47)
Credit loss expense   933    100 
Change in fair value of derivatives   5,690   2,956 
Loss on extinguishment of debt   1,186    838 
Income tax benefit   —   (1,034)
Net loss  $(48,915)  $(24,466)