Income Statement

v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Net revenue $ 11,508 $ 11,619 $ 19,919 $ 19,596
Cost of goods sold 5,309 5,495 8,475 8,858
Gross profit 6,199 6,124 11,444 10,738
Operating expenses 7,015 8,739 14,255 16,762
LOSS FROM OPERATIONS (816) (2,615) (2,811) (6,024)
OTHER INCOME (EXPENSE)        
Foreign currency transaction loss (46) (274) (184) (96)
Interest income 143 13 286 14
Loss from joint venture (171) 0 (338) 0
Other expenses (209) (69) (263) (180)
LOSS BEFORE INCOME TAXES (1,099) (2,945) (3,310) (6,286)
Income tax (provision) benefit (17) (51) 41 69
NET LOSS (1,116) (2,996) (3,269) (6,217)
Foreign currency translation adjustment for the period (641) 9 (1,226) 14
COMPREHENSIVE LOSS $ (1,757) $ (2,987) $ (4,495) $ (6,203)
Net loss per share – basic and diluted (in dollars per share) $ (0.05) $ (0.13) $ (0.15) $ (0.27)
Weighted-average number of common shares outstanding - basic and diluted (in shares) 21,866,260 23,097,150 21,863,263 23,443,766

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