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QUARTERLY FINANCIAL INFORMATION (unaudited) | 12 Months Ended
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Jan. 31, 2020
QUARTERLY FINANCIAL INFORMATION (unaudited) |
QUARTERLY FINANCIAL INFORMATION (unaudited) | NOTE 18 – QUARTERLY FINANCIAL INFORMATION (unaudited) Certain unaudited financial information reported for the quarterly periods ended April 30, July 31, October 31 and January 31 included in the years ended January 31, 2020 and 2019 is presented below:
2020 |  | April 30(3) |  | July 31(3) |  | October 31 |  | January 31(3) |  | Full Year |
Revenues |  | $ | 49,544 |  | $ | 63,059 |  | $ | 58,406 |  | $ | 67,988 |  | $ | 238,997 |
Gross (loss) profit |  |  | (21,026) |  |  | 2,965 |  |  | 5,992 |  |  | 5,249 |  |  | (6,820) |
Loss from operations |  |  | (32,686) |  |  | (7,073) |  |  | (6,143) |  |  | (9,938) |  |  | (55,840) |
Net (loss) income (1) |  |  | (29,800) |  |  | 1,154 |  |  | (6,855) |  |  | (7,188) |  |  | (42,689) |
(Loss) income per share (1,2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (1.91) |  | $ | 0.07 |  | $ | (0.44) |  | $ | (0.46) |  | $ | (2.73) |
Diluted |  | $ | (1.91) |  | $ | 0.07 |  | $ | (0.44) |  | $ | (0.46) |  | $ | (2.73) |
2019 |  | April 30 |  | July 31 |  | October 31(4) |  | January 31 |  | Full Year |
Revenues |  | $ | 141,366 |  | $ | 136,670 |  | $ | 116,459 |  | $ | 87,658 |  | $ | 482,153 |
Gross profit |  |  | 15,452 |  |  | 30,708 |  |  | 29,532 |  |  | 6,746 |  |  | 82,438 |
Income (loss) from operations |  |  | 5,815 |  |  | 20,330 |  |  | 18,385 |  |  | (4,293) |  |  | 40,237 |
Net income (loss) (1) |  |  | 4,837 |  |  | 16,972 |  |  | 32,434 |  |  | (2,207) |  |  | 52,036 |
Income (loss) per share(1,2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.31 |  | $ | 1.09 |  | $ | 2.08 |  | $ | (0.14) |  | $ | 3.34 |
Diluted |  | $ | 0.31 |  | $ | 1.08 |  | $ | 2.07 |  | $ | (0.14) |  | $ | 3.32 |
| (1) |  | The net (loss) income and (loss) income per share amounts are attributable to the stockholders of Argan, Inc.
| (2) |  | (Loss) income per share amounts for the quarter periods may not cross-foot to the corresponding full-year amounts as the amounts for each quarter are calculated independently of the calculations for the full-year amounts.
| (3) |  | The losses for the quarterly periods ended April 30, 2019, July 31, 2019 and January 31, 2020 were caused by the recognition of losses on the TeesREP project by APC in the amounts of $27.6 million, $3.4 million and $2.6 million, respectively.
| (4) |  | The net income reported by the Company for the quarterly period ended October 31, 2018 reflected a favorable adjustment recorded to recognize research and development tax credits in the amount of $16.5 million (see Note 13).

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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