Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.22.1
Revenue (Tables)
 9 Months Ended
Oct. 31, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Customers That Represent 10% or More of the Company's Total Revenue The following table presents customers that represent 10% or more of the Company’s total revenue:

 

 

For the Three Months Ended October 31,

 

For the Nine Months Ended October 31,

 

2021

 

2020

 

2021

 

2020

Customer A

12%

 

*

 

11%

 

*

Customer B

11%

 

15%

 

11%

 

*

Customer C

*

 

*

 

*

 

10%

 

23%

 

15%

 

22%

 

10%

 

* - less than 10%
Schedule of Deferred Costs

The Company defers contract fulfillment costs that include appliance hardware. The balances in deferred costs are as follows:

 

Balance at February 1, 2021

 

$

2,805

 

Cost of revenue recognized

 

 

(1,033

)

Costs deferred

 

 

473

 

Foreign exchange

 

 

(3

)

Balance at October 31, 2021

 

$

2,242

 

Balance at February 1, 2020

 

 

3,080

 

Cost of revenue recognized

 

 

(832

)

Costs deferred

 

 

711

 

Foreign exchange

 

 

(3

)

Balance at October 31, 2020

 

$

2,956

 
Schedule of Deferred Revenue

The balance in deferred revenue is as follows:

 

 

 

(As Restated)

 

Balance at February 1, 2021

 

$

34,044

 

Revenue recognized

 

 

(23,687

)

Revenue deferred

 

 

23,944

 

Foreign exchange

 

 

(12

)

Balance at October 31, 2021

 

$

34,289

 

 

 

 

 

 

 

 

 

Balance at February 1, 2020

 

 

20,312

 

Revenue recognized

 

 

(19,507

)

Revenue deferred

 

 

22,196

 

Foreign exchange

 

-

 

Balance at October 31, 2020

 

$

23,001

 
Schedule of Company's Recognition of Revenue The Company’s recognition of revenue in the future thereon will be as follows:

 

Years Ending January 31,

 

 

 

2022 (3 months)

 

$

7,413

 

2023

 

 

12,477

 

2024

 

 

8,382

 

2025

 

 

4,466

 

2026

 

 

1,551

 

 

 

$

34,289