REVENUE RECOGNITION (Tables)

4 Months Ended

Apr. 30, 2024

REVENUE RECOGNITION

Schedule of disaggregated revenue

The following table presents the disaggregation of our revenue for the four months ended April 30, 2024 and three months ended March 31, 2023 (in thousands):

		Four Months Ended April 30, 2024		Three Months Ended March 31, 2023
Fixed fee license revenue	$	39,131	$	1,214
Per-unit royalty revenue		6,651		5,795
Total royalty and license revenue		45,782		7,009
Development, services, and other revenue		—		65
Total revenues	$	45,782	$	7,074

Schedule of deferred revenue

The following table presents changes in deferred revenue associated with contract liabilities (in thousands): 

		April 30, 2024
Deferred revenue at December 31, 2023	$	12,629
Additions to deferred revenue during the period		9,437
Reductions to deferred revenue for revenue recognized during the period		(1,594	)
Deferred revenue balance at April 30, 2024	$	20,472