Annual report pursuant to Section 13 and 15(d)

Revenue from Contracts with Customers

v3.20.1
Revenue from Contracts with Customers
12 Months Ended
Jan. 31, 2020
Revenue From Contract With Customer [Abstract]  
Revenue from Contracts with Customers

12.

Revenue from Contracts with Customers

Our products and services facilitate the aggregation, licensing, management and distribution of video and advertising content to cable television system operators, telecommunication companies, satellite operators and media companies. Offerings include and revenue is generated from the sales of software and associated hardware, professional services, and maintenance fees related to our software licenses. These offerings can be sold on a standalone basis or as a component of a contract with multiple performance obligations. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price. The performance obligations include future credits, significant discounts and material rights in addition to the software and associated hardware, professional services, and maintenance fees related to our software licenses.

The revenue for perpetual licenses to software applications and hardware is recognized upon delivery or acceptance by the customer. Product maintenance and technical support is recognized ratably over the stated or implied maintenance periods.

The professional services are either fixed price or time and material contracts and consist of installation and integration, customized development and customized software, training, and on-site managed services. The installation and integration is recognized over time based on an input measure of hours incurred to total estimated hours. The customized development and software is recognized at a point in time upon delivery and acceptance of the final software product. The training and the on-site managed services are recognized over the service period.

Disaggregated Revenue

The following table shows our revenue disaggregated by revenue stream:

 

 

 

For the Fiscal Years

Ended January 31,

 

 

 

2020

 

 

2019

 

 

 

(Amounts in thousands)

 

Product

 

$

39,914

 

 

$

20,655

 

Professional services

 

 

6,222

 

 

 

13,908

 

Maintenance

 

 

21,018

 

 

 

27,839

 

Total revenue

 

$

67,154

 

 

$

62,402

 

 

Transaction Price Allocated to Future Performance Obligations

The aggregate amount of transaction price that is allocated to performance obligations that have not yet been satisfied or are partially satisfied as of January 31, 2020 is $31.9 million. This amount in part includes amounts billed for undelivered services that are included in deferred revenue reported on the consolidated balance sheets.