Annual report pursuant to Section 13 and 15(d)

Summary of Selected Quarterly Financial Data (unaudited)

v3.19.3
Summary of Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Jul. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

Note 17 - Summary of Selected Quarterly Financial Data (unaudited)


The following table contains statement of operations information for each quarter of the years ended July 31, 2019 and 2018. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Unaudited quarterly financial data for fiscal 2019 and 2018 is summarized as follows:


    Quarter Ended  
Fiscal 2019   October 31,
2018		     January 31,
2019		     April 30,
2019		     July 31,
2019		  
Total revenues   $ 21,260     $ 19,327     $ 19,662     $ 20,921  
Gross profit     7,021       4,579       5,302       6,346  
Income (loss) before income taxes     (5,978 )     (8,408 )     22,265       (5,390 )
Net income (loss)     (5,978 )     (8,408 )     22,265       (5,390 )
Basic and diluted income (loss) per common share   $ (0.13 )   $ (0.18 )   $ 0.47     $ (0.11 )
                                 

    Quarter Ended  
Fiscal 2018   October 31,
2017 		    January 31,
2018 		    April 30,
2018 		    July 31,
2018 		 
Total revenues   $ 27,676     $ 26,952     $ 25,630     $ 24,455  
Gross profit     12,245       11,345       11,073       9,665  
Income (loss) before income taxes     (640 )     (1,998 )     (3,016 )     (5,758 )
Net income (loss)     (640 )     (901 )     (3,016 )     (5,758 )
Basic and diluted loss per common share   $ (0.01 )   $ (0.02 )   $ (0.06 )   $ (0.11 )