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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Net sales $ 10,390 $ 13,626 $ 22,804 $ 24,273
Cost of sales 7,804 9,532 16,965 17,033
Gross profit 2,586 4,094 5,839 7,240
Operating expenses:        
Engineering 528 332 1,124 652
Selling and general 2,246 2,400 4,902 4,439
Total operating expenses 2,774 2,732 6,026 5,091
Operating (loss) income (188) 1,362 (187) 2,149
Other income 7 14 18 35
(Loss) income before provision (benefit) for income taxes (181) 1,376 (169) 2,184
Provision (benefit) for income taxes 3 315 (11) 483
Consolidated net (loss) income $ (184) $ 1,061 $ (158) $ 1,701
(Loss) earnings per share        
Basic (in dollars per share) $ (0.02) $ 0.11 $ (0.02) $ 0.18
Diluted (in dollars per share) $ (0.02) $ 0.11 $ (0.02) $ 0.17
Weighted average shares outstanding        
Basic (in shares) 9,704,880 9,356,660 9,633,935 9,332,665
Diluted (in shares) 9,704,880 9,837,964 9,633,935 9,837,718