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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Net sales $ 9,544 $ 15,511 $ 32,348 $ 39,784
Cost of sales 6,814 11,245 23,778 28,279
Gross profit 2,730 4,266 8,570 11,505
Operating expenses:        
Engineering 429 381 1,553 1,033
Selling and general 2,521 2,609 7,423 7,048
Total operating expenses 2,950 2,990 8,976 8,081
Operating (loss) income (220) 1,276 (406) 3,424
Other income 1 39 18 75
(Loss) income before provision (benefit) for income taxes (219) 1,315 (388) 3,499
(Benefit) provision for income taxes (137) 277 (148) 760
Consolidated net (loss) income $ (82) $ 1,038 $ (240) $ 2,739
(Loss) earnings per share        
Basic (in dollars per share) $ (0.01) $ 0.11 $ (0.02) $ 0.29
Diluted (in dollars per share) $ (0.01) $ 0.11 $ (0.02) $ 0.28
Weighted average shares outstanding        
Basic (in shares) 9,714,700 9,363,528 9,661,054 9,343,067
Diluted (in shares) 9,714,700 9,872,899 9,661,054 9,849,889