Income Statement

v3.22.4
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
NET REVENUES:    
Contract staffing services $ 138,507 $ 129,802
Direct hire placement services 26,605 19,078
NET REVENUES 165,112 148,880
Cost of contract services 103,434 96,339
GROSS PROFIT 61,678 52,541
Selling, general and administrative expenses 51,913 41,651
Depreciation expense 371 311
Amortization of intangible assets 3,469 4,089
Goodwill impairment charge 2,150 0
INCOME FROM OPERATIONS 3,775 6,490
Gain (loss) on extinguishment of debt 16,773 (548)
Interest income 16 0
Interest expense (377) (5,878)
INCOME BEFORE INCOME TAX PROVISION 20,187 64
Provision for income tax expense 588 58
NET INCOME $ 19,599 $ 6
BASIC EARNINGS PER SHARE $ 0.17 $ 0.00
DILUTED EARNINGS PER SHARE $ 0.17 $ 0.00
WEIGHTED AVERAGE SHARES OUTSTANDING:    
BASIC 114,139 60,594
DILUTED 114,890 61,948

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