Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 123,878 $ 91,516 $ 360,097 $ 251,624
Cost of revenue 86,833 59,347 251,258 165,903
Gross profit 37,045 32,169 108,839 85,721
Operating expenses:        
General and administrative expenses 30,062 23,226 87,565 60,443
Sales and marketing expenses 5,852 3,382 17,440 10,198
Total operating expenses 35,914 26,608 105,005 70,641
Operating income 1,131 5,561 3,834 15,080
Other expense:        
Interest expense, net (4,233) (3,485) (12,563) (8,767)
Loss on disposition of Salomon Whitney 0 (1,696) 0 (1,696)
Other expense (420) (23) (197) (693)
Total other expense, net (4,954) (4,204) (13,061) (9,156)
(Loss) income before provision for income taxes (3,823) 1,357 (9,227) 5,924
(Benefit) provision for income taxes (968) 297 (2,409) 1,462
Net (loss) income $ (2,855) $ 1,060 $ (6,818) $ 4,462
(Loss) income per share:        
Basic (in usd per share) $ (0.91) $ 0.33 $ (2.16) $ 1.43
Diluted (in usd per share) $ (0.91) $ 0.33 $ (2.16) $ 1.42
Weighted average common shares outstanding:        
Basic (in shares) 3,140,191 3,166,842 3,153,034 3,123,177
Diluted (in shares) 3,140,191 3,186,904 3,153,034 3,143,634
Salomon Whitney        
Other expense:        
Salomon Whitney settlement and Loss on disposition of Johnson $ 0 $ 1,000 $ 0 $ 2,000
Johnson        
Other expense:        
Salomon Whitney settlement and Loss on disposition of Johnson $ (301) $ 0 $ (301) $ 0