Composition of Certain Financial Statement Items

9 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Composition of Certain Financial Statement Items

Composition of Certain Financial Statement Items

Inventories

Inventories consisted of the following:

	October 31, 2021		January 31, 2021
	(in thousands)
Raw materials	$	7,489	$	13,029
Work-in-progress	199		68
Finished goods	22,205		20,495
Total Inventories	$	29,893	$	33,592

Property and equipment, net

Property and equipment, net consisted of the following:

	October 31, 2021		January 31, 2021
	(in thousands)
Furniture and fixtures	$	893	$	1,594
Computers and software	5,786		5,384
Machinery and equipment	14,776		10,605
Tooling	10,506		7,705
Leasehold improvements	10,644		9,398
Owned and operated systems	21,236		17,703
Construction in progress	3,460		2,462
	67,301		54,851
Less: Accumulated depreciation	(32,575)		(24,863)
Total Property and Equipment, Net	$	34,726	$	29,988

Depreciation expense for the three months ended October 31, 2021 and 2020 was $3.1 million and $2.8 million, respectively.

Depreciation expense for the nine months ended October 31, 2021 and 2020 was $8.6 million and $7.5 million, respectively.

Accrued and other current liabilities

Accrued and other current liabilities consisted of the following:

	October 31, 2021		January 31, 2021
	(in thousands)
Accrued expenses	$	28,673	$	18,404
Refundable customer deposits	8,286		6,482
Taxes payable	9,760		5,213
Payroll and related expenses	12,917		7,547
Warranty accruals	3,766		3,000
Operating lease liabilities, current	3,665		2,393
Other liabilities	9,406		4,123
Total Accrued and Other Current Liabilities	$	76,473	$	47,162

Revenue

Revenue consisted of the following:

	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
United States	$	54,561	$	29,681	$	139,321	$	92,319
Rest of World	10,473		6,684		22,344		11,779
Total revenue	$	65,034	$	36,365	$	161,665	$	104,098