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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2018
Oct. 31, 2017
Revenues:        
Sale of marine technology products $ 9,277 $ 5,955 $ 18,720 $ 22,429
Equipment leasing 3,166 2,071 7,493 5,765
Sale of lease pool equipment and other equipment sales 2,208 618 4,401 9,719
Total revenues 14,651 8,644 30,614 37,913
Cost of sales:        
Sale of marine technology products 4,904 3,132 10,206 12,975
Equipment leasing (including lease pool depreciation of $2,176 and $3,578 for the three months ended October 31, 2018 and 2017 respectively, and $7,275 and $11,509 for the nine months ended October 31, 2018 and 2017 respectively) 3,296 4,400 10,120 13,815
Lease pool equipment and other equipment sales 1,227 211 1,959 6,410
Total cost of sales 9,427 7,743 22,285 33,200
Gross profit 5,224 901 8,329 4,713
Operating expenses:        
Selling, general and administrative 4,819 4,879 15,953 14,508
Research and development 175 299 857 637
Provision for doubtful accounts 0 0 200 0
Depreciation and amortization 579 516 1,816 1,622
Total operating expenses 5,573 5,694 18,826 16,767
Operating loss (349) (4,793) (10,497) (12,054)
Other income (expense):        
Loss on sale (including $5,355 of cumulative translation loss) (4,905) 0 (4,905) 0
Interest income, net 12 52 47 23
Other, net (198) 46 (57) (107)
Total other (expenses) income (5,091) 98 (4,915) (84)
Loss before income taxes (5,440) (4,695) (15,412) (12,138)
Benefit (provision) for income taxes 249 (586) (273) (1,172)
Net loss (5,191) (5,281) (15,685) (13,310)
Preferred stock dividends (449) (229) (1,245) (630)
Net loss attributable to common shareholders $ (5,640) $ (5,510) $ (16,930) $ (13,940)
Net loss per common share:        
Basic (in usd per share) $ (0.47) $ (0.46) $ (1.40) $ (1.15)
Diluted (in usd per share) $ (0.47) $ (0.46) $ (1.40) $ (1.15)
Shares used in computing net loss per common share:        
Basic (in shares) 12,119 12,087 12,100 12,082
Diluted (in shares) 12,119 12,087 12,100 12,082