Income Statement

v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
NET REVENUES:        
Contract staffing services $ 30,265 $ 31,827 $ 63,342 $ 65,840
Direct hire placement services 4,416 4,350 8,895 8,880
NET REVENUES 34,681 36,177 72,237 74,720
Cost of contract services 22,767 24,459 47,729 50,271
GROSS PROFIT 11,914 11,718 24,508 24,449
Selling, general and administrative expenses (including noncash stock-based compensation expense of $356 and $549, and $953 and $1,130 respectively) 12,800 11,041 24,091 22,279
Depreciation expense 69 101 148 180
Amortization of intangible assets 1,398 1,397 2,795 2,793
LOSS FROM OPERATIONS (2,353) (821) (2,527) (803)
Interest expense (3,065) (3,085) (6,284) (6,033)
LOSS BEFORE INCOME TAX PROVISION (5,418) (3,906) (8,811) (6,836)
Provision for income tax (10) 16 (181) (506)
NET LOSS (5,428) (3,890) (8,991) (7,342)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (5,428) $ (3,890) $ (8,992) $ (7,342)
BASIC AND DILUTED LOSS PER SHARE $ (0.38) $ (0.34) $ (0.66) $ (0.66)
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC AND DILUTED 14,262 11,414 13,661 11,047

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