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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 31, 2024
Jul. 31, 2023
Current Assets    
Cash and cash equivalents $ 276,422,000 $ 121,372,000
Accounts receivable, trade, net of allowance for credit losses of $216 and $219 at January 31, 2024 and July 31, 2023, respectively 29,179,000 28,616,000
Inventories, net 7,742,000 8,569,000
Funds held for clients 2,479,000 2,031,000
Prepaid expenses and other current assets 5,550,000 158,686,000
Total current assets 321,372,000 319,274,000
Property and equipment, net 4,433,000 3,698,000
Operating lease right-of-use assets 24,813,000 27,098,000
Investments 3,174,000 0
Other intangible assets, net 32,821,000 34,589,000
Goodwill 22,785,000 22,785,000
Other assets 3,317,000 3,737,000
Total assets 412,715,000 411,181,000
Current Liabilities    
Accounts payable 25,463,000 26,514,000
Accrued expenses 21,936,000 26,774,000
Funds held for clients 2,445,000 1,949,000
Current lease obligations 9,027,000 7,973,000
Convertible note payable 12,903,000 0
Other current liabilities 3,843,000 4,544,000
Total current liabilities 75,617,000 67,754,000
Convertible note payable 0 12,461,000
Long-term lease obligations 16,135,000 19,161,000
Other long-term liabilities 5,867,000 5,442,000
Total long-term liabilities 22,002,000 37,064,000
Total liabilities 97,619,000 104,818,000
Contingently redeemable preferred stock 237,739,000 237,739,000
Stockholders' equity:    
Preferred stock, $0.01 par value per share. 4,965,000 shares authorized at January 31, 2024 and July 31, 2023; zero shares issued and outstanding at January 31, 2024 and July 31, 2023 0 0
Common stock, $0.01 par value per share. Authorized 1,400,000,000 shares; 6,285,591 issued and outstanding shares at January 31, 2024; 6,250,493 issued and outstanding shares at July 31, 2023 65,000 65,000
Additional paid-in capital 61,831,000 61,534,000
Accumulated earnings 16,321,000 7,612,000
Accumulated other comprehensive loss (860,000) (587,000)
Total stockholders' equity 77,357,000 68,624,000
Total liabilities, contingently redeemable preferred stock and stockholders' equity 412,715,000 411,181,000
Series C Contingently Redeemable Preferred Stock    
Current Liabilities    
Contingently redeemable preferred stock 35,006,000 35,006,000
Series E Contingently Redeemable Preferred Stock    
Current Liabilities    
Contingently redeemable preferred stock $ 202,733,000 $ 202,733,000