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Income Statement

v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Net revenue $ 11,619 $ 13,401 $ 19,596 $ 22,294
Cost of goods sold 5,495 5,839 8,858 9,991
Gross profit 6,124 7,562 10,738 12,303
Operating expenses 8,739 5,539 16,762 10,691
INCOME (LOSS) FROM OPERATIONS (2,615) 2,023 (6,024) 1,612
OTHER INCOME (EXPENSE)        
Foreign currency transaction gain (loss) (274) 214 (96) 192
Interest income (expense) 13 (9) 14 (37)
Other income - forgiveness of Paycheck Protection Program loan 0 0 0 190
Other expenses (69) (8) (180) (9)
INCOME (LOSS) BEFORE INCOME TAXES (2,945) 2,220 (6,286) 1,948
Income tax benefit (provision) (51) (183) 69 (183)
NET INCOME (LOSS) (2,996) 2,037 (6,217) 1,765
Dividends on preferred stock 0 1,043 0 1,043
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS (2,996) 994 (6,217) 722
Foreign currency translation adjustment for the period 9 120 14 178
COMPREHENSIVE INCOME (LOSS) $ (2,987) $ 2,157 $ (6,203) $ 1,943
Net income (loss) per share – basic (in dollars per share) $ (0.13) $ 0.06 $ (0.27) $ 0.04
Weighted-average number of common shares outstanding - basic (in shares) 23,097,150 17,800,749 23,443,766 16,359,496
Net income per share – diluted (in dollars per share) $ (0.13) $ 0.05 $ (0.27) $ 0.04
Weighted-average number of common shares outstanding - diluted (in shares) 23,097,150 18,989,231 23,443,766 17,604,131

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