v3.26.3
Operating Segments and Geographic Information
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Operating Segments and Geographic Information

(17) 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.

 

The following table presents selected financial information with respect to the Company’s single operating segment and its significant segment expenses for the three months ended July 31, 2026 and 2025, respectively:

 

       
   Three month ended July 31, 
   2026   2025 
   (in thousands) 
Revenue  $1,703   $1,182 
Less:          
Cost of sales   4,534    1,205 
Product development costs   2,719    136 
Employee-related costs   3,046    2,285 
Professional, consulting and contractor fees   1,645    977 
General and administrative costs   2,225    652 
Facilities costs   463    379 
Share-based compensation   1,829    2,399 
Depreciation and amortization expense   319    227 
Other expense, net   (1)   — 
Interest (income)/expense, net   373    310 
Change in fair value of derivatives   4,912    — 
Loss on extinguishment of debt   —    — 
Net loss  $(10,537)  $(7,388)