Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 68,269 $ 69,095 $ 213,133 $ 202,439
Net revenue 45,920 44,029 138,215 128,614
Gross profit 22,349 25,066 74,918 73,825
Operating expenses:        
General and administrative expenses 13,407 13,794 40,718 38,638
Sales and marketing expenses 3,078 3,040 9,480 8,539
Total operating expenses 16,485 16,834 50,198 47,177
Operating income 5,864 8,232 24,720 26,648
Other income (expense):        
Interest expense, net (674) (938) (2,549) (4,057)
Gain on Payroll Protection Program loan forgiveness 0 4,768 0 6,150
Gain (loss) on debt extinguishment 279 0 (84) 0
Loss on disposal of fixed assets (443) 0 (444) (132)
Loss on write-off of ROU asset (522) 0 (522) 0
Gain on bankruptcy settlement 0 650 11,352 1,765
Other income (expense) 333 (76) 751 914
Total other income (expense), net (1,027) 4,404 8,504 4,640
Income before provision for income taxes 4,837 12,636 33,224 31,288
Provision for income taxes 1,365 2,703 7,848 7,381
Net income 3,472 9,933 25,376 23,907
Net Income attributable to non-controlling interest 0 5 0 178
Net income attributable to Live stockholders $ 3,472 $ 9,938 $ 25,376 $ 24,085
Income per share:        
Basic $ 1.12 $ 6.35 $ 8.11 $ 15.41
Diluted $ 1.11 $ 3.01 $ 8.01 $ 7.31
Weighted average common shares outstanding:        
Basic 3,090,321 1,566,064 3,128,813 1,563,025
Diluted 3,130,925 3,297,854 3,169,258 3,294,815