Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.4
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenues, net $ 21,558,000 $ 26,463,000
Cost of sales 13,255,000 16,565,000
Gross profit 8,303,000 9,898,000
Selling, general and administrative 9,190,000 7,086,000
Research, development and engineering 1,393,000 1,572,000
Severance expense 400,000 0
Operating (loss) income (2,680,000) 1,240,000
Interest expense and other, net (68,000) (83,000)
(Loss) income before income tax provision (2,748,000) 1,157,000
Income tax (benefit) provision (4,000) 160,000
Net (loss) income $ (2,744,000) $ 997,000
(Loss) income Per Share:    
Net (loss) income per basic share $ (0.20) $ 0.07
Net (loss) income per diluted share $ (0.20) $ 0.07
Weighted average shares outstanding - basic 14,008 14,254
Weighted average shares outstanding - diluted 14,008 14,485