Recently Issued Accounting Standard Not Yet Adopted

We continue to monitor and respond to the impacts of the COVID-19 pandemic on all aspects of our business, including our customers, employees, suppliers, vendors, and business partners.

Three and Nine Months Ended April 30, 2022 Compared to Three and Nine Months Ended April 30, 2021

The following is a discussion of certain of our consolidated expenses, and our consolidated income and expense line items below income from operations.

At April 30, 2022, we had cash, cash equivalents, debt securities, and current equity investments of $136.0 million and working capital (current assets in excess of current liabilities) of $55.7 million.

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