Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
May 31, 2025
May 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income for the period $ 4,089 $ 2,094
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation expense 1,562 1,796
Depreciation and amortization 999 675
Amortization of debt issuance costs 0 4
Operating lease costs 368 332
Income from joint venture 0 (20)
Deferred tax provision 1,040 0
Changes in assets and liabilities:    
Accounts receivable (3,906) 1,310
Deferred revenue (1,458) (483)
Inventory (12,314) (1,610)
Prepaid expenses and other current assets (592) (910)
Other assets (64) 0
Accounts payable and accrued liabilities 1,269 3,049
Operating lease liabilities (228) (362)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (9,235) 5,875
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,581) (693)
Proceeds from sale of marketable debt securities 2,997 0
Acquisition of Federal Firearms License (6) 0
NET CASH USED IN INVESTING ACTIVITIES (590) (693)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 234 128
Repurchase of common stock (55) (253)
Payment of taxes withheld on issuance of restricted stock units (86) (800)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 93 (925)
Effects of foreign currency exchange rate changes (96) 33
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS FOR THE PERIOD (9,828) 4,290
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 16,829 20,498
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 7,001 $ 24,788