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Income Statement

v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
Net revenue $ 12,422 $ 8,703 $ 32,018 $ 30,997
Cost of goods sold 5,545 3,815 14,403 13,807
Gross profit 6,877 4,888 17,615 17,190
Operating expenses 8,283 6,692 25,045 17,382
LOSS FROM OPERATIONS (1,406) (1,804) (7,430) (192)
OTHER INCOME (EXPENSE)        
Foreign currency transaction gain (loss) 28 (115) (67) 78
Interest income (expense) (3) 13 10 (24)
Other income - forgiveness of Paycheck Protection Program loan 0 0 0 190
Other expenses (3) (9) (183) (18)
LOSS BEFORE INCOME TAXES (1,384) (1,915) (7,670) 34
Income tax benefit (provision) (150) 74 (82) (109)
NET LOSS (1,534) (1,841) (7,752) (75)
Dividends on preferred stock 0 0 0 (1,043)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS (1,534) (1,841) (7,752) (1,118)
Foreign currency translation adjustment for the period (639) (55) (624) 123
COMPREHENSIVE INCOME (LOSS) $ (2,173) $ (1,896) $ (8,376) $ 48
Net loss per share – basic and diluted (in dollars per share) $ (0.07) $ (0.08) $ (0.34) $ (0.06)
Weighted-average number of common shares outstanding - basic and diluted (in shares) 21,751,879 22,047,571 22,704,565 18,269,360

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