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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Net sales $ 11,057,000 $ 10,390,000 $ 21,059,000 $ 22,804,000
Cost of sales 6,287,000 7,804,000 13,683,000 16,965,000
Gross profit 4,770,000 2,586,000 7,376,000 5,839,000
Operating expenses:        
Engineering 202,000 528,000 633,000 1,124,000
Selling and general 1,884,000 2,246,000 4,647,000 4,902,000
Total operating expenses 2,086,000 2,774,000 5,280,000 6,026,000
Operating income (loss) 2,684,000 (188,000) 2,096,000 (187,000)
Other income 2,809,000 7,000 2,800,000 18,000
Income (loss) before provision (benefit) for income taxes 5,493,000 (181,000) 4,896,000 (169,000)
Provision (benefit) for income taxes 648,000 3,000 454,000 (11,000)
Consolidated net income (loss) $ 4,845,000 $ (184,000) $ 4,442,000 $ (158,000)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.49 $ (0.02) $ 0.45 $ (0.02)
Diluted (in dollars per share) $ 0.48 $ (0.02) $ 0.44 $ (0.02)
Weighted average shares outstanding:        
Basic (in shares) 9,963,291 9,704,880 9,927,776 9,633,935
Diluted (in shares) 10,129,472 9,704,880 10,096,916 9,633,935