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SEGMENT REPORTING (Tables)
12 Months Ended
Aug. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables summarize the results for each segment as follows for the years ended August 31, 2023, 2022, and 2021:
(in thousands)Year ended August 31, 2023
SoftwareServicesTotal
Revenues$36,517 $23,060 $59,577 
Cost of revenues3,627 8,003 11,630 
Gross profit$32,890 $15,057 $47,947 
Gross margin90 %65 %80 %
Our software business and services business represented 61% and 39% of total revenue, respectively, for the year ended August 31, 2023.
(in thousands)Year ended August 31, 2022
SoftwareServicesTotal
Revenues$32,642 $21,264 $53,906 
Cost of revenues3,060 7,762 10,822 
Gross profit$29,582 $13,502 $43,084 
Gross margin91 %63 %80 %
Our software business and services business represented 61% and 39% of total revenue, respectively, for the year ended August 31, 2022.
(in thousands)Year ended August 31, 2021
SoftwareServicesTotal
Revenues$27,670 $18,796 $46,466 
Cost of revenues3,235 7,365 10,600 
Gross profit$24,435 $11,431 $35,866 
Gross margin88 %61 %77 %
Our software business and services business represented 60% and 40% of total revenue, respectively, for the year ended August 31, 2021.