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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Net sales $ 16,110,000 $ 22,298,000 $ 29,568,000 $ 40,642,000
Cost of sales 11,286,000 16,178,000 21,441,000 29,435,000
Gross profit 4,824,000 6,120,000 8,127,000 11,207,000
Operating expenses:        
Engineering 637,000 882,000 1,405,000 1,845,000
Selling and general 4,602,000 4,749,000 9,221,000 10,042,000
Total operating expenses 5,239,000 5,631,000 10,626,000 11,887,000
Operating (loss) income (415,000) 489,000 (2,499,000) (680,000)
Other expense (230,000) (72,000) (339,000) (225,000)
(Loss) income before benefit for income taxes (645,000) 417,000 (2,838,000) (905,000)
Provision for (benefit) income taxes 3,649,000 (164,000) 2,818,000 (324,000)
Consolidated net (loss) income $ (4,294,000) $ 581,000 $ (5,656,000) $ (581,000)
Loss earnings per share:        
Basic (in dollars per share) $ (0.41) $ 0.06 $ (0.54) $ (0.06)
Diluted (in dollars per share) $ (0.41) $ 0.06 $ (0.54) $ (0.06)
Weighted average shares outstanding:        
Basic (in shares) 10,495,548 10,290,911 10,452,597 10,256,158
Diluted (in shares) 10,495,548 10,327,271 10,452,597 10,256,158