BALANCE SHEET INFORMATION (Tables)

12 Months Ended

May 31, 2024

BALANCE SHEET INFORMATION

Inventories

	May 31,
(In thousands)	2024		2023
Raw materials and sub-assemblies	$	22,410	$	15,953
Work in process		13,593		5,764
Finished goods		1,467		2,191
	$	37,470	$	23,908

Property and equipment, net

	May 31,
(In thousands)	2024			2023
Leasehold improvements	$	1,588		$	1,310
Machinery and equipment		4,528			5,445
Test equipment		1,928			2,998
Furniture and fixtures		175			706
		8,219			10,459
Less: accumulated depreciation and amortization		(4,966	)		(7,700	)
	$	3,253		$	2,759

Accrued expenses

	May 31,
(In thousands)	2024		2023
Commissions and bonuses	$	1,290	$	1,728
Payroll related		1,202		1,491
Professional services		503		520
Other		371		404
	$	3,366	$	4,143

Warranty reserve

	May 31,
(In thousands)	2024			2023
Balance at the beginning of the period	$	267		$	410
Accruals for warranties issued during the period		511			420
Adjustments to previously existing warranty accruals		-			61
Consumption of reserves		(544	)		(624	)
Balance at the end of the period	$	234		$	267

Customer deposits and deferred revenue, short-term

	May 31,
(In thousands)	2024		2023
Customer deposits	$	1,248	$	2,690
Deferred revenue		97		132
	$	1,345	$	2,822