Income Statement

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
NET REVENUES:        
Contract staffing services $ 33,217 $ 33,879 $ 99,057 $ 107,860
Direct hire placement services 4,884 6,388 13,764 17,496
NET REVENUES 38,101 40,267 112,821 125,356
Cost of contract services 24,521 25,546 74,093 81,235
GROSS PROFIT 13,580 14,721 38,728 44,121
Selling, general and administrative expenses (including noncash stock-based compensation expense of $549 and $336, and $1,130 and $629 respectively) 10,995 12,111 31,547 35,839
Acquisition, integration and restructuring expenses 564 514 2,990 1,712
Depreciation expense 89 92 269 287
Amortization of intangible assets 1,396 1,409 4,189 4,199
INCOME (LOSS) FROM OPERATIONS (3,764) 595 (4,567) 2,084
Interest expense (3,176) (2,889) (9,209) (8,381)
LOSS BEFORE INCOME TAX PROVISION (6,940) (2,294) (13,776) (6,297)
Provision for income tax 106 407 (400) (259)
NET LOSS (6,834) (1,887) (14,176) (6,556)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (6,834) $ (1,887) $ (14,176) $ (6,556)
BASIC AND DILUTED LOSS PER SHARE $ (0.57) $ (0.18) $ (1.22) $ (0.64)
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC AND DILUTED 12,041 10,526 11,609 10,177

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