v3.26.3
Segmented Information and Economic Dependence
3 Months Ended
Jul. 31, 2026
Disclosure of operating segments [abstract]  
SEGMENTED INFORMATION AND ECONOMIC DEPENDENCE
13.
SEGMENTED INFORMATION AND ECONOMIC DEPENDENCE

At July 31, 2026, and April 30, 2026, the Company had one reportable segment, being antibody discovery and related services.

The Company’s revenues are allocated to geographic regions for the three months ended July 31, 2026, and 2025 as follows:

 

 

 

Three months ended
July 31,

 

(in thousands)

 

2026
$

 

 

2025
$

 

United States of America

 

 

2,554

 

 

2,449

 

Europe

 

 

174

 

 

520

 

Canada

 

 

120

 

 

174

 

Australia

 

 

—

 

 

18

 

Other

 

 

986

 

 

—

 

 

 

 

3,834

 

 

 

3,161

 

 

The Company’s revenues are allocated according to revenue types for the three months ended July 31, 2026, and 2025 as follows:

 

 

 

Three months ended
July 31,

 

(in thousands)

 

2026
$

 

 

2025
$

 

Project revenue

 

 

3,831

 

 

 

3,126

 

Product sales revenue

 

 

1

 

 

 

2

 

Cryostorage revenue

 

 

2

 

 

 

33

 

 

 

 

3,834

 

 

 

3,161

 

 

The Company’s non-current assets are allocated to geographic regions as of July 31, 2026, and April 30, 2026 as follows:

 

 

 

July 31,
2026
$

 

 

April 30,
2026
$

 

North America - Corporate

 

 

89

 

 

 

82

 

North America

 

 

4,711

 

 

 

4,741

 

Belgium

 

 

309

 

 

 

333

 

Netherlands

 

 

—

 

 

 

—

 

 

 

 

5,109

 

 

 

5,156

 

 

 

Geographic segmentation of the Company’s net income (loss) for the three months ended July 31, 2026, and 2025 is as follows:

 

 

 

Three months ended
July 31,

 

(in thousands)

 

2026
$

 

 

2025
$

 

North America - Corporate

 

 

(268

)

 

(2,810

)

North America

 

 

376

 

 

307

 

Belgium

 

 

(3,223

)

 

(1,781

)

Netherlands

 

 

(2,970

)

 

1,325

 

 

 

 

(6,085

)

 

 

(2,959

)

 

Geographic segmentation of the interest and accretion, and amortization and depreciation for the three months ended July 31, 2026, and 2025 is as follows:

 

 

 

Three months ended
July 31,

 

Interest and accretion
(in thousands)

 

2026
$

 

 

2025
$

 

North America - Corporate

 

 

—

 

 

—

 

North America

 

 

55

 

 

59

 

Belgium

 

 

—

 

 

—

 

Netherlands

 

 

—

 

 

—

 

 

 

 

55

 

 

 

59

 

 

 

 

Three months ended
July 31,

 

Amortization and depreciation
(in thousands)

 

2026
$

 

 

2025
$

 

North America - Corporate

 

 

—

 

 

1

 

North America

 

 

172

 

 

181

 

Belgium

 

 

91

 

 

19

 

Netherlands

 

 

3

 

 

—

 

 

 

 

266

 

 

 

201