EARNINGS (LOSS) PER SHARE

6 Months Ended

Apr. 30, 2025

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

5. EARNINGS (LOSS) PER SHARE

Per share results have been computed based on the average number of common shares outstanding over the period in question. The computation of basic and diluted net income (loss) per share is determined using net income (loss) applicable to common shareholders as the numerator and the number of shares outstanding as the denominator as follows (in thousands, except per share amounts):


		Three Months Ended												Six Months Ended
		April 30,												April 30,
		2025						2024						2025						2024
		Basic			Diluted			Basic			Diluted			Basic			Diluted			Basic			Diluted
Net (loss) income		$	(4,063)		$	(4,063)		$	(3,922)		$	(3,922)		$	(8,383)		$	(8,383)		$	(5,570)		$	(5,570)
Undistributed earnings allocated to participating shares			—			—			—			—			—			—			—			—
Net (loss) income applicable to common shareholders		$	(4,063)		$	(4,063)		$	(3,922)		$	(3,922)		$	(8,383)		$	(8,383)		$	(5,570)		$	(5,570)

Weighted average shares outstanding			6,500			6,500			6,518			6,518			6,479			6,479			6,500			6,500
Stock options and contingently issuable securities			—			—			—			—			—			—			—			—
			6,500			6,500			6,518			6,518			6,479			6,479			6,500			6,500
(Loss) income per share		$	(0.62)		$	(0.62)		$	(0.61)		$	(0.61)		$	(1.29)		$	(1.29)		$	(0.86)		$	(0.86)

For the three and six months ended April 30, 2025, there were an immaterial number of stock options and contingently issuable securities that were excluded from the diluted loss per share calculation because they were anti-dilutive due to the net loss in the period.