SeaChange International, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivables, Contract Assets, and Contract Liabilities (Tables)

Accounts Receivables, Contract Assets, and Contract Liabilities (Tables)

3 Months Ended

Apr. 30, 2022

Schedule of Accounts Receivable, Net and Unbilled Receivables

The following table summarizes the Company’s accounts receivable, net and unbilled receivables:

	As of April 30,		As of January 31,
	2022		2022
	(Amounts in thousands)
Accounts receivable, net	$	7,274	$	8,819
Unbilled receivables, current		9,950		9,160
Unbilled receivables, long-term		2,972		3,952
	$	20,196	$	21,931

Schedule of Unbilled Receivables Expected to be Billed in Future

Unbilled receivables are expected to be billed in the future as follows (amounts in thousands, except percentage amounts):

	As of April 30,
	2022		Percentage
1 year or less	$	9,950		77	%
1-2 years		1,975		15	%
2-5 years		997		8	%
Total unbilled receivables	$	12,922		100	%

Schedule of Change in Deferred Revenue

Contract liabilities consist of deferred revenue and customer deposits that arise when amounts are billed to or collected from customers in advance of revenue recognition. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current deferred revenue and the remaining portion is recorded as deferred revenue, long-term. The change in deferred revenue as of April 30, 2022 is due to new billings in advance of revenue recognition offset by revenue recognized during the period.

	Deferred Revenue
	Current		Long-Term
	(Amounts in thousands)
Balance as of January 31, 2022	$	3,947	$	77
Increase		824		70
Balance as of April 30, 2022	$	4,771	$	147