CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
|
| NET REVENUES: | ||||
| Contract staffing services | $ 33,087 | $ 32,539 | $ 103,516 | $ 94,850 |
| Direct hire placement services | 8,026 | 5,529 | 20,073 | 12,579 |
| NET REVENUES | 41,113 | 38,068 | 123,589 | 107,429 |
| Cost of contract services | 24,612 | 24,242 | 76,992 | 70,115 |
| GROSS PROFIT | 16,501 | 13,826 | 46,597 | 37,314 |
| Selling, general and administrative expenses | 12,860 | 11,113 | 37,447 | 29,779 |
| Depreciation expense | 96 | 78 | 276 | 228 |
| Amortization of intangible assets | 720 | 1,015 | 2,749 | 3,074 |
| Goodwill impairment charge | 0 | 0 | 2,150 | 0 |
| INCOME FROM OPERATIONS | 2,825 | 1,620 | 3,975 | 4,233 |
| Gain (loss) on extinguishment of debt | 0 | (2,047) | 16,773 | (1,768) |
| Interest expense | (96) | (539) | (301) | (5,759) |
| INCOME (LOSS) BEFORE INCOME TAX PROVISION | 2,729 | (966) | 20,447 | (3,294) |
| Provision for income tax expense (benefit) | 96 | (29) | 59 | (307) |
| NET INCOME (LOSS) | $ 2,633 | $ (937) | $ 20,388 | $ (2,987) |
| BASIC EARNINGS (LOSS) PER SHARE | $ 0.02 | $ (0.01) | $ 0.18 | $ (0.07) |
| DILUTED EARNINGS (LOSS) PER SHARE | $ 0.02 | $ (0.01) | $ 0.18 | $ (0.07) |
| WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||
| BASIC | 114,100 | 92,354 | 114,100 | 42,563 |
| DILUTED | 115,642 | 92,354 | 115,609 | 42,563 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase from purchase of right to consideration in exchange for good or service transferred to customer when right is conditioned on passage of time. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax of loss recognized that results from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. No definition available.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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