Segment Reporting

12 Months Ended

Jan. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

16. Segment Reporting

The Company operates in one operating and reporting segment related to the development and sales of low-power, HD, Ultra HD video compression, image processing and computer vision solutions. The Chief Executive Officer of the Company has been identified as the Chief Operating Decision Maker (the CODM) and manages the Company’s operations as a whole. For the purpose of evaluating financial performance and allocating resources, the CODM reviews financial information presented on a consolidated basis accompanied by information by customer and geographic region.

Geographic Revenue

The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.

	Year Ended January 31,
	2023		2022		2021
	(in thousands)
Taiwan	$	203,828	$	209,044	$	139,327
Asia Pacific		73,371		81,480		57,270
Europe		25,065		17,823		9,415
North America other than United States		23,164		18,191		10,304
United States		12,178		5,318		6,674
Total revenue	$	337,606	$	331,856	$	222,990

Substantially all of the Company’s property and equipment were located in the Asia Pacific region, United States and Europe. As of January 31, 2023, the net amount of these fixed assets located in these regions was approximately $6.3 million, $4.0 million and $1.5 million, respectively. As of January 31, 2022, the net amount of these fixed assets located in these regions was approximate $5.6 million, $3.1 million and $1.5 million, respectively.

Major Customers

The customers representing 10% or more of revenue and accounts receivable for the fiscal years ended January 31, 2023, 2022 ad 2021 were Wintech and Chicony. For the fiscal years ended January 31, 2023, 2022 and 2021, Wintech accounted for approximately 57%, 62% and 63% of total revenue, respectively. For the fiscal years ended January 31, 2023, 2022 and 2021, Chicony accounted for approximately 12%, 13% and 16% of total revenue, respectively. Accounts receivable with Wintech and Chicony were approximately $21.0 million and $9.4 million as of January 31, 2023, respectively. Accounts receivable with Wintech and Chicony were approximately $23.3 million and $7.4 million as of January 31, 2022, respectively.