Income Statement

v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
NET REVENUES:    
Contract staffing services $ 31,248 $ 33,078
Direct hire placement services 3,395 4,479
NET REVENUES 34,643 37,557
Cost of contract services 22,063 24,962
GROSS PROFIT 12,580 12,595
Selling, general and administrative expenses (including noncash stock-based compensation expense of $311 and $597, respectively) 9,487 11,291
Depreciation expense 73 79
Amortization of intangible assets 1,044 1,398
INCOME (LOSS) FROM OPERATIONS 1,976 (173)
Interest expense (2,686) (3,219)
LOSS BEFORE INCOME TAX PROVISION (710) (3,392)
Provision for income tax expense (benefit) (395) 171
NET LOSS $ (315) $ (3,563)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS    
BASIC AND DILUTED LOSS PER SHARE $ (0.02) $ (0.27)
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC AND DILUTED 17,667 13,067

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