Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
NET REVENUES:    
Contract staffing services $ 133,143 $ 142,228
Direct hire placement services 18,531 23,056
NET REVENUES 151,674 165,284
Cost of contract services 99,653 106,352
GROSS PROFIT 52,021 58,932
Selling, general and administrative expenses (including noncash stock-based compensation expense of $2,186 and $1,660 respectively) 42,458 47,406
Acquisition, integration and restructuring expenses 4,281 3,092
Depreciation expense 349 390
Amortization of intangible assets 5,586 5,582
Goodwill impairment charge 4,300
INCOME (LOSS) FROM OPERATIONS (4,953) 2,462
Change in acquisition deposit for working capital guarantee 617
Interest expense (12,440) (11,502)
LOSS BEFORE INCOME TAX PROVISION (17,393) (8,423)
Provision for income tax (370) 859
NET LOSS (17,763) (7,564)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (17,763) $ (7,564)
BASIC AND DILUTED LOSS PER SHARE $ (1.50) $ (0.74)
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC AND DILUTED 11,840 10,239