EARNINGS PER SHARE

9 Months Ended

Jul. 31, 2026

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 weighted average number of shares outstanding as the denominator as follows (in thousands, except per share amounts):


		Three Months Ended												Nine Months Ended
		July 31,												July 31,
		2026						2025						2026						2025
		Basic			Diluted			Basic			Diluted			Basic			Diluted			Basic			Diluted
Net income (loss)		$	2,314		$	2,314		$	(3,693)		$	(3,693)		$	(3,526)		$	(3,526)		$	(12,076)		$	(12,076)
Undistributed earnings allocated to participating shares			(69)			(69)			—			—			—			—			—			—
Net income (loss) applicable to common shareholders		$	2,245		$	2,245		$	(3,693)		$	(3,693)		$	(3,526)		$	(3,526)		$	(12,076)		$	(12,076)

Weighted average shares outstanding			6,476			6,476			6,463			6,463			6,456			6,456			6,474			6,474
Contingently issuable securities			—			21			—			—			—			—			—			—
			6,476			6,497			6,463			6,463			6,456			6,456			6,474			6,474
Income (loss) per share		$	0.35		$	0.35		$	(0.58)		$	(0.58)		$	(0.55)		$	(0.55)		$	(1.87)		$	(1.87)

For the three months ended July 31, 2025 and nine months ended July 31, 2026 and July 31, 2025, there were an immaterial number of contingently issuable securities that were excluded from the diluted loss per share calculation because they were anti-dilutive due to the net loss in those periods.