Balance Sheet Components

12 Months Ended

Jan. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Balance Sheet Components

Inventories

Inventories consisted of the following:

	January 31,
	2023		2022
	(in thousands)
Raw materials	$	11,509	$	9,712
Finished goods	57,221		26,167
Total Inventories	$	68,730	$	35,879

Prepaid expense and other current assets

Prepaid expense and other current assets consisted of the following:

	January 31,
	2023		2022
	(in thousands)
Prepaid expense	$	48,464	$	16,951
Other current assets	22,556		19,652
Total Prepaid Expense and Other Current Assets	$	71,020	$	36,603

Property and Equipment, net

Property and equipment, net consisted of the following:

	January 31,
	2023		2022
	(in thousands)
Furniture and fixtures	$	1,244	$	903
Computers and software	7,164		6,147
Machinery and equipment	25,144		16,193
Tooling	13,782		10,572
Leasehold improvements	9,357		10,549
Owned and operated systems	24,119		22,546
Construction in progress	2,790		2,720
	83,600		69,630
Less: Accumulated depreciation	(43,554)		(35,037)
Total Property and Equipment, Net	$	40,046	$	34,593

The following table presents the depreciation expense related to fixed assets:

	Year ended January 31,
	2023		2022		2021
	(in thousands)
Depreciation Expense	$	13,404	$	11,840	$	10,083

Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following:

	January 31,
	2023		2022
	(in thousands)
Accrued expenses	$	46,105	$	31,865
Refundable customer deposits	14,551		9,409
Payroll and related expenses	21,495		16,131
Taxes payable	14,232		8,955
Other current liabilities(1)	37,100		17,968
Total Accrued and Other Current Liabilities	$	133,483	$	84,328

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(1) Beginning July 31, 2022, ViriCiti Earnout liability was reclassified from long-term liabilities to current liabilities as the Company expected the liability to be payable within twelve months of July 31, 2022. The ViriCiti Earnout liability was subsequently paid in full on March 6, 2023 (see Note 18, Subsequent Events).