Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Revenues $ 19,662,000 $ 25,230,000 $ 60,249,000 $ 78,258,000
Operating costs, expenses and legal settlements, net:        
Cost of Revenues 14,360,000 14,557,000 43,347,000 45,595,000
Research and development 781,000 799,000 2,342,000 2,358,000
Selling, general and administrative 10,920,000 11,021,000 33,387,000 32,975,000
Legal fee expense 257,000 1,651,000 2,700,000 3,782,000
Legal settlements, net (28,925,000)   (28,925,000)  
Total operating costs, expenses and legal settlements, net (2,607,000) 28,028,000 52,851,000 84,710,000
Operating income (loss) 22,269,000 (2,798,000) 7,398,000 (6,452,000)
Other income (expense):        
Interest 258,000 227,000 759,000 569,000
Other 70,000 17,000 249,000 86,000
Foreign exchange (loss) gain (332,000) (462,000) (530,000) 143,000
Income (loss) before income taxes 22,265,000 (3,016,000) 7,876,000 (5,654,000)
Benefit for income taxes 0 0 0 1,097,000
Net income (loss) $ 22,265,000 $ (3,016,000) $ 7,876,000 $ (4,557,000)
Net income (loss) per common share:        
Basic (in Dollars per share) $ 0.47 $ (0.06) $ 0.17 $ (0.10)
Diluted (in Dollars per share) $ 0.47 $ (0.06) $ 0.17 $ (0.10)
Weighted average common shares outstanding:        
Basic (in Shares) 47,452 47,073 47,259 46,895
Diluted (in Shares) 47,555 47,073 47,364 46,895