| Schedule of Quarterly Financial Information |
Selected unaudited financial data for each quarter of fiscal year 2020 and 2019 is presented below. We believe that the information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented.
|
(in thousands) |
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
|
Full
Year |
|
|
Year ended October 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
16,264 |
|
|
$ |
18,880 |
|
|
$ |
18,728 |
|
|
$ |
16,999 |
|
|
$ |
70,871 |
|
|
Gross profit (loss) |
|
|
3,281 |
|
|
|
167 |
|
|
|
(3,128 |
) |
|
|
(8,045 |
) |
|
|
(7,725 |
) |
|
Loss from operations |
|
|
(3,140 |
) |
|
|
(8,142 |
) |
|
|
(10,762 |
) |
|
|
(17,122 |
) |
|
|
(39,166 |
) |
|
Net loss |
|
|
(40,151 |
) |
|
|
(14,769 |
) |
|
|
(15,331 |
) |
|
|
(18,856 |
) |
|
|
(89,107 |
) |
|
Series B preferred stock dividends |
|
|
(931 |
) |
|
|
(800 |
) |
|
|
(800 |
) |
|
|
(800 |
) |
|
|
(3,331 |
) |
|
Net loss to common stockholders |
|
|
(41,082 |
) |
|
|
(15,569 |
) |
|
|
(16,131 |
) |
|
|
(19,656 |
) |
|
|
(92,438 |
) |
|
Net loss to common stockholders per basic and diluted common share (1) |
|
$ |
(0.20 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.08 |
) |
|
|
(0.42 |
) |
|
Year ended October 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
17,783 |
|
|
$ |
9,216 |
|
|
$ |
22,712 |
|
|
$ |
11,041 |
|
|
$ |
60,752 |
|
|
Gross (loss) profit |
|
|
(2,205 |
) |
|
|
(3,640 |
) |
|
|
7,965 |
|
|
|
(23,389 |
) |
|
|
(21,269 |
) |
|
Loss from operations |
|
|
(15,244 |
) |
|
|
(17,623 |
) |
|
|
(1,070 |
) |
|
|
(32,992 |
) |
|
|
(66,929 |
) |
|
Net loss |
|
|
(17,548 |
) |
|
|
(19,530 |
) |
|
|
(5,311 |
) |
|
|
(35,179 |
) |
|
|
(77,568 |
) |
|
Series A warrant exchange |
|
|
- |
|
|
|
(3,169 |
) |
|
|
- |
|
|
|
- |
|
|
|
(3,169 |
) |
|
Series B preferred stock dividends |
|
|
(800 |
) |
|
|
(800 |
) |
|
|
(810 |
) |
|
|
(821 |
) |
|
|
(3,231 |
) |
|
Series C preferred stock deemed (dividends) contributions and redemption value adjustment |
|
|
(9,005 |
) |
|
|
1,599 |
|
|
|
884 |
|
|
|
- |
|
|
|
(6,522 |
) |
|
Series D preferred stock deemed dividends and redemption accretion |
|
|
(5,685 |
) |
|
|
(976 |
) |
|
|
(3,091 |
) |
|
|
(3 |
) |
|
|
(9,755 |
) |
|
Net loss to common stockholders |
|
|
(33,038 |
) |
|
|
(22,876 |
) |
|
|
(8,328 |
) |
|
|
(36,003 |
) |
|
|
(100,245 |
) |
|
Net loss to common stockholders per basic and diluted common share (1) |
|
$ |
(3.97 |
) |
|
$ |
(2.06 |
) |
|
$ |
(0.18 |
) |
|
$ |
(0.23 |
) |
|
$ |
(1.82 |
) |
|
(1) |
The full year net loss to common stockholders per basic and diluted common share may not equal the sum of the quarters due to weighting of outstanding shares. |
|