Quarterly report [Sections 13 or 15(d)]

Note 22 - Segment and Geographical Disclosures (Tables)

v3.26.3
Note 22 - Segment and Geographical Disclosures (Tables)
9 Months Ended
Aug. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]

Revenue:

                                       

Three Months Ended

 

U.S./Mexico

   

South Africa

   

Europe/South America/Asia

   

Canada

   

Total

 

August 31, 2026

  $ 14,245     $ —     $ 381     $ 670     $ 15,296  

August 31, 2025

  $ 25,236     $ 998     $ 1,477     $ 468     $ 28,179  

Nine Months Ended

 

U.S./Mexico

   

South Africa

   

Europe/South America/Asia

   

Canada

   

Total

 

August 31, 2026

  $ 57,115     $ 1     $ 1,581     $ 2,036     $ 60,733  

August 31, 2025

  $ 74,391     $ 1,456     $ 5,656     $ 1,371     $ 82,874  

Total Assets

 

US

   

South Africa

   

Canada

   

Total

 

August 31, 2026

  $ 62,893     $ 1,399     $ 291     $ 64,583  

November 30, 2025

  $ 80,160     $ 3,990     $ 338     $ 84,488  
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Table Text Block]

Long-lived assets

 

US

   

South Africa

   

Total

 

August 31, 2026

  $ 9,109     $ —     $ 9,109  

November 30, 2025

  $ 14,256     $ 93     $ 14,349  
Segment Reporting, Reconciliation of Revenue by Segment to Consolidated [Table Text Block]
   

Three Months Ended

 
   

August 31, 2026

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 11,096     $ 4,200     $ 15,296  

COS

    2,041       1,101       3,142  

Gross Margin

  $ 9,055     $ 3,099     $ 12,154  

Gross Margin %

    81.6 %     73.8 %     79.5 %
                         

Operating Expenses

                $ 15,084  
                         

Loss from operations

                  $ (2,930 )

Operating Margin %

                    -19.2 %
   

Nine Months Ended

 
   

August 31, 2026

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 41,546     $ 19,187     $ 60,733  

COS

    17,394       12,000       29,394  

Gross Margin

  $ 24,152     $ 7,187     $ 31,339  

Gross Margin %

    58.1 %     37.5 %     51.6 %
                         

Operating Expenses

                $ 46,186  
                         

Loss from operations

                  $ (14,847 )

Operating Margin %

                    -24.4 %
   

Three Months Ended

 
   

August 31, 2025

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 17,382     $ 10,797     $ 28,179  

COS

    5,877       5,380       11,257  

Gross Margin

  $ 11,505     $ 5,417     $ 16,922  

Gross Margin %

    66.2 %     50.2 %     60.1 %
                         

Operating Expenses

                $ 14,059  
                         

Profit from operations

                  $ 2,863  

Operating Margin %

                    10.2 %
   

Nine Months Ended

 
   

August 31, 2025

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 55,164     $ 27,710     $ 82,874  

COS

    18,820       13,644       32,464  

Gross Margin

  $ 36,344     $ 14,066     $ 50,410  

Gross Margin %

    65.9 %     50.8 %     60.8 %
                         

Operating Expenses

                $ 42,525  
                         

Profit from operations

                  $ 7,885  

Operating Margin %

                    9.5 %