Segment Reporting

9 Months Ended

Oct. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

14. 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 October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
	(in thousands)
Taiwan	$	59,412	$	35,073	$	153,135	$	96,846
Asia Pacific		21,323		14,642		60,122		43,635
Europe		4,432		1,970		11,837		6,856
North America other than United States		5,984		2,433		13,117		8,449
United States		1,016		1,972		3,416		5,062
Total revenue	$	92,167	$	56,090	$	241,627	$	160,848

As of October 31, 2021, substantially all of the Company’s property and equipment, net, was located in the United States, Asia Pacific region and Europe with approximate net amounts of $3.1 million, $4.0 million and $1.5 million, respectively.         

Major Customers

For the three and nine months ended October 31, 2021, the customers representing 10% or more of revenue and accounts receivable were Wintech and Chicony, which accounted for approximately 63.1% and 13.4% of total revenue for the three months ended October 31, 2021, respectively, and accounted for approximately 62.7% and 14.9% of total revenue for the nine months ended October 31, 2021, respectively. For the three and nine months ended October 31, 2020, the customers representing 10% or more of revenue and accounts receivable were Wintech and Chicony, which accounted for approximately 62.3% and 17.6% of total revenue for the three months ended October 31, 2020, respectively, and accounted for approximately 60.4% and 17.4% of total revenue for the nine months ended October 31, 2020, respectively. Accounts receivable with Wintech and Chicony were approximately $23.5 million and $12.4 million as of October 31, 2021, respectively.