v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Revenue $ 109,617 $ 120,671 $ 314,390 $ 322,037
Cost of operations 65,112 71,187 194,804 192,625
Gross profit 44,505 49,484 119,586 129,412
General and administrative expenses 27,880 29,937 89,450 87,236
Income from operations 16,625 19,547 30,136 42,176
Other income (expense):        
Interest expense and amortization of deferred financing costs (6,318) (7,066) (19,744) (21,285)
Change in fair value of warrant liabilities 0 911 130 6,639
Interest income 58 0 148 0
Other income (expense), net 276 262 360 296
Total other expense (5,984) (5,893) (19,106) (14,350)
Income before income taxes 10,641 13,654 11,030 27,826
Income tax expense 3,081 3,318 4,250 5,427
Net income 7,560 10,336 6,780 22,399
Less accretion of liquidation preference on preferred stock (440) (441) (1,310) (1,309)
Income available to common shareholders $ 7,120 $ 9,895 $ 5,470 $ 21,090
Weighted average common shares outstanding        
Basic (in shares) 53,699 53,199 53,556 53,377
Diluted (in shares) 53,775 54,105 54,191 54,263
Net income per common share        
Basic (in dollars per share) $ 0.13 $ 0.18 $ 0.1 $ 0.38
Diluted (in dollars per share) $ 0.13 $ 0.18 $ 0.1 $ 0.38

Source