Income Statement

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
NET REVENUES:        
Contract staffing services $ 33,087 $ 32,539 $ 103,516 $ 94,850
Direct hire placement services 8,026 5,529 20,073 12,579
NET REVENUES 41,113 38,068 123,589 107,429
Cost of contract services 24,612 24,242 76,992 70,115
GROSS PROFIT 16,501 13,826 46,597 37,314
Selling, general and administrative expenses 12,860 11,113 37,447 29,779
Depreciation expense 96 78 276 228
Amortization of intangible assets 720 1,015 2,749 3,074
Goodwill impairment charge 0 0 2,150 0
INCOME FROM OPERATIONS 2,825 1,620 3,975 4,233
Gain (loss) on extinguishment of debt 0 (2,047) 16,773 (1,768)
Interest expense (96) (539) (301) (5,759)
INCOME (LOSS) BEFORE INCOME TAX PROVISION 2,729 (966) 20,447 (3,294)
Provision for income tax expense (benefit) 96 (29) 59 (307)
NET INCOME (LOSS) $ 2,633 $ (937) $ 20,388 $ (2,987)
BASIC EARNINGS (LOSS) PER SHARE $ 0.02 $ (0.01) $ 0.18 $ (0.07)
DILUTED EARNINGS (LOSS) PER SHARE $ 0.02 $ (0.01) $ 0.18 $ (0.07)
WEIGHTED AVERAGE SHARES OUTSTANDING:        
BASIC 114,100 92,354 114,100 42,563
DILUTED 115,642 92,354 115,609 42,563

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