CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 50,955	$ 30,054
Short-term investments	0	17,853
Accounts receivable, net	13,161	16,594
Inventories	31,557	23,908
Prepaid expenses and other current assets	540	621
Total current assets	96,213	89,030
Property and equipment, net	3,083	2,759
Operating lease right-of-use assets, net	5,951	6,123
Other non-current assets	222	231
Total assets	105,469	98,143
Current liabilities:
Accounts payable	8,328	9,206
Accrued expenses	4,536	4,143
Operating lease liabilities, short-term	275	137
Deferred revenue, short-term	6,114	2,822
Total current liabilities	19,253	16,308
Operating lease liabilities, long-term	5,997	6,163
Deferred revenue, long-term	33	31
Other long-term liabilities	41	41
Total liabilities	25,324	22,543
Shareholders' equity:
Preferred stock, $0.01 par value: Authorized: 10,000 shares; Issued and outstanding: none	0	0
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 28,763 shares and 28,539 shares at August 31, 2023 and May 31, 2023, respectively	288	285
Additional paid-in-capital	127,630	127,776
Accumulated other comprehensive loss	(141)	(155)
Accumulated deficit	(47,632)	(52,306)
Total shareholders' equity	80,145	75,600
Total liabilities and shareholders' equity	$ 105,469	$ 98,143