Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.1
Accounts Receivables, Contract Assets, and Contract Liabilities (Tables)
3 Months Ended
Apr. 30, 2022
Receivables [Abstract]  
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