v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]        
Revenues, net $ 15,580 $ 25,433 $ 39,965 $ 50,353
Cost of sales 15,905 16,982 30,927 32,834
Intangible asset impairment       849
Gross (loss) profit (325) 8,451 9,038 16,670
Selling, general and administrative 7,115 8,252 15,166 16,819
Research, development and engineering 832 921 1,709 2,509
Loss (gain) on sale of fixed assets 205 (2,197) 229 (2,197)
Goodwill impairment 20,353   20,353 6,370
Intangible asset impairment 2,569   2,569 430
Severance expense 184 112 256 310
Operating (loss) income (31,583) 1,363 (31,244) (7,571)
Interest income 27 14 31 33
Interest expense (6) (193) (13) (391)
Foreign currency gain (loss)     401 (187)
Other 22 9 42 9
(Loss) income before income tax provision (31,540) 1,193 (30,783) (8,107)
Income tax provision 272 223 717 281
Net (loss) income $ (31,812) $ 970 $ (31,500) $ (8,388)
(Loss) Income Per Share:        
Net (loss) income per basic share $ (2.23) $ 0.07 $ (2.21) $ (0.59)
Net (loss) income per diluted share $ (2.23) $ 0.07 $ (2.21) $ (0.59)
Weighted average shares outstanding - basic 14,296,000 14,197,000 14,284 14,193
Weighted average shares outstanding - diluted 14,296,000 14,209,000 14,284 14,193

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