Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Revenue $ 425,872 $ 442,241
Cost of operations 260,038 263,937
Gross profit 165,834 178,304
General and administrative expenses 116,487 116,852
Income from operations 49,347 61,452
Other income (expense):    
Interest expense and amortization of deferred financing costs (25,880) (28,131)
Change in fair value of warrant liabilities 130 6,899
Interest income 308 12
Other income, net 406 330
Total other expense (25,036) (20,890)
Income before income taxes 24,311 40,562
Income tax expense 8,104 8,772
Net income 16,207 31,790
Less accretion of liquidation preference on preferred stock (1,750) (1,750)
Income available to common shareholders $ 14,457 $ 30,040
Weighted average common shares outstanding    
Basic (in shares) 53,543 53,276
Diluted (in shares) 54,238 54,174
Net income per common share    
Basic (in dollars per share) $ 0.27 $ 0.54
Diluted (in dollars per share) $ 0.26 $ 0.54