Income Statement

v3.24.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Net revenue $ 20,269 $ 11,508 $ 36,923 $ 19,919
Cost of goods sold 7,709 5,309 14,724 8,475
Gross profit 12,560 6,199 22,199 11,444
Operating expenses 10,647 7,191 20,450 14,431
INCOME (LOSS) FROM OPERATIONS 1,913 (992) 1,749 (2,987)
OTHER INCOME (EXPENSE)        
Foreign currency transaction loss (220) (46) (279) (184)
Interest income 323 143 604 286
Income (loss) from joint venture 62 (171) 20 (338)
Other income (expense) 2 (33) 3 (87)
INCOME (LOSS) BEFORE INCOME TAXES 2,080 (1,099) 2,097 (3,310)
Income tax benefit (expense) (3) (17) (3) 41
NET INCOME (LOSS) 2,077 (1,116) 2,094 (3,269)
Foreign currency translation adjustment for the period 144 (641) 29 (1,226)
COMPREHENSIVE INCOME (LOSS) $ 2,221 $ (1,757) $ 2,123 $ (4,495)
Basic net income (loss) per share (in dollars per share) $ 0.09 $ (0.05) $ 0.09 $ (0.15)
Diluted net income (loss) per share (in dollars per share) $ 0.09 $ (0.05) $ 0.09 $ (0.15)
Weighted-average number of common shares outstanding - basic (in shares) 22,728,500 21,866,260 22,383,769 21,863,263
Weighted-average number of common shares outstanding - diluted (in shares) 23,731,076 21,866,260 22,942,530 21,863,263

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