Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
NET REVENUES:        
Contract staffing services $ 33,976 $ 33,745 $ 69,377 $ 70,429
Direct hire placement services 4,883 5,884 10,630 12,047
NET REVENUES 38,859 39,629 80,007 82,476
Cost of contract services 25,643 25,115 52,400 52,380
GROSS PROFIT 13,216 14,514 27,607 30,096
Selling, general and administrative expenses 11,705 12,228 24,513 24,587
Depreciation expense 98 94 199 180
Amortization of intangible assets 719 1,015 1,439 2,029
Goodwill impairment charge 0 0 0 2,150
INCOME FROM OPERATIONS 694 1,177 1,456 1,150
Gain on extinguishment of debt 0 0 0 16,773
Interest expense (73) (98) (146) (205)
Interest income 95 0 133 0
INCOME BEFORE INCOME TAX PROVISION 716 1,079 1,443 17,718
Provision for income tax expense (benefit) 58 (8) 131 (37)
NET INCOME $ 658 $ 1,087 $ 1,312 $ 17,755
BASIC EARNINGS PER SHARE $ 0.01 $ 0.01 $ 0.01 $ 0.16
DILUTED EARNINGS PER SHARE $ 0.01 $ 0.01 $ 0.01 $ 0.15
WEIGHTED AVERAGE SHARES OUTSTANDING:        
BASIC 114,450 114,100 114,450 114,100
DILUTED 115,185 115,642 115,226 115,592