QUARTERLY INFORMATION (UNAUDITED)

12 Months Ended

Sep. 30, 2023

Quarterly Financial Information Disclosure [Abstract]

13. QUARTERLY INFORMATION (UNAUDITED)

As previously reported, there was a restatement of the second and third quarters of fiscal 2022, as described in Note 15 of the accompanying notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022. The following table sets forth selected quarterly financial information for fiscal 2023 and 2022 as follows (amounts in thousands except per share data):


	2023
	Q1		Q2		Q3		Q4
Revenue	$	45,703	$	46,123	$	43,070	$	37,656
Cost of revenue (exclusive of depreciation & amortization)	5,069		5,898		5,712		6,272
Operating expenses	32,261		31,539		35,566		34,671
Operating income (loss)	8,373		8,686		1,792		(3,287)
Interest expense	2,137		2,163		2,362		2,401
Other income, net	340		454		925		2,121
Income tax benefit (provision)	(1,846)		(1,808)		(783)		2,123
Net income (loss)	4,730		5,169		(428)		(1,444)
Net income (loss) per share:
Basic income (loss) per share	0.11		0.11		(0.01)		(0.03)
Shares used in calculating net income (loss) per share—basic	44,930		45,377		46,002		45,997
Diluted income (loss) per share	0.10		0.11		(0.01)		(0.03)
Shares used in calculating net income (loss) per share—diluted	45,634		45,780		46,473		47,050


	2022
	Q1		Q2		Q3		Q4
Revenue	$	32,473	$	33,510	$	39,195	$	39,626
Cost of revenue (exclusive of depreciation & amortization)	4,556		4,451		5,784		5,217
Operating expenses	23,089		26,379		32,518		30,610
Operating income (loss)	4,828		2,680		893		3,799
Interest expense	2,008		2,040		2,077		2,107
Other income (expense), net	135		(225)		89		(365)
Income tax benefit (provision)	168		20		880		(976)
Net income (loss)	3,123		435		(215)		351
Net income (loss) per share:
Basic income (loss) per share	0.07		0.01		—		0.01
Shares used in calculating net income (loss) per share—basic	44,788		44,775		44,669		44,661
Diluted income (loss) per share	0.07		0.01		—		0.01
Shares used in calculating net income (loss) per share—diluted	46,155		46,097		45,224		45,311