Segment Reporting

6 Months Ended

Jul. 31, 2018

15. Segment Reporting

The Company operates in one reportable segment related to the development and sales of low-power, high-definition (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:

	Three Months Ended July 31,				Six Months Ended July 31,
	2018		2017		2018		2017
	(in thousands)
Taiwan	$	39,144	$	48,052	$	72,350	$	94,468
Asia Pacific		18,045		12,291		34,401		24,050
Europe		2,875		6,444		7,457		8,344
North America other than United States		1,503		2,979		3,509		4,984
United States		907		1,864		1,695		3,919
Total revenue	$	62,474	$	71,630	$	119,412	$	135,765

As of July 31, 2018, substantially all of the Company’s property and equipment, net were located in the United States and Asia Pacific region with approximate net amounts of $2.5 million and $3.0 million, respectively.

Major Customers

The customers representing 10% or more of revenue and accounts receivable were Wintech and Chicony, which accounted for approximately 63% and 15% of total revenue for the three months ended July 31, 2018, respectively, and accounted for approximately 61% and 13% of total revenue for the six months ended July 31, 2018, respectively. For the three and six months ended July 31, 2017, the only customer representing 10% or more of revenue and accounts receivable was Wintech, which accounted for approximately 67% and 70% of total revenue, respectively. Accounts receivable with Wintech and Chicony was approximately $14.7 million and $9.5 million as of July 31, 2018, respectively.