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QUARTERLY FINANCIAL INFORMATION (unaudited) (Tables)
 12 Months Ended
Jan. 31, 2020
QUARTERLY FINANCIAL INFORMATION (unaudited)  
Schedule of quarterly financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

    

April 30(3)

    

July 31(3)

    

October 31

    

January 31(3) 

    

Full Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

 49,544

 

$

63,059

 

$

58,406

 

$

67,988

 

$

238,997

 

Gross (loss) profit

 

 

(21,026)

 

 

2,965

 

 

5,992

 

 

5,249

 

 

(6,820)

 

Loss from operations

 

 

(32,686)

 

 

(7,073)

 

 

(6,143)

 

 

(9,938)

 

 

(55,840)

 

Net (loss) income (1)

 

 

(29,800)

 

 

1,154

 

 

(6,855)

 

 

(7,188)

 

 

(42,689)

 

(Loss) income per share (1,2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Basic

 

$

(1.91)

 

$

0.07

 

$

(0.44)

 

$

(0.46)

 

$

(2.73)

 

 Diluted

 

$

(1.91)

 

$

0.07

 

$

(0.44)

 

$

(0.46)

 

$

(2.73)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

April 30

 

July 31

 

October 31(4)

 

January 31

 

Full Year

 

Revenues

 

$

141,366

 

$

136,670

 

$

116,459

 

$

87,658

 

$

482,153

 

Gross profit

 

 

15,452

 

 

30,708

 

 

29,532

 

 

6,746

 

 

82,438

 

Income (loss) from operations

 

 

5,815

 

 

20,330

 

 

18,385

 

 

(4,293)

 

 

40,237

 

Net income (loss) (1)

 

 

4,837

 

 

16,972

 

 

32,434

 

 

(2,207)

 

 

52,036

 

Income (loss) per share(1,2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.31

 

$

1.09

 

$

2.08

 

$

(0.14)

 

$

3.34

 

Diluted

 

$

0.31

 

$

1.08

 

$

2.07

 

$

(0.14)

 

$

3.32

 

(1)

The net (loss) income and (loss) income per share amounts are attributable to the stockholders of Argan, Inc.

(2)

(Loss) income per share amounts for the quarter periods may not cross-foot to the corresponding full-year amounts as the amounts for each quarter are calculated independently of the calculations for the full-year amounts.

(3)

The losses for the quarterly periods ended April 30, 2019, July 31, 2019 and January 31, 2020 were caused by the recognition of losses on the TeesREP project by APC in the amounts of $27.6 million, $3.4 million and $2.6 million, respectively.

(4)

The net income reported by the Company for the quarterly period ended October 31, 2018 reflected a favorable adjustment recorded to recognize research and development tax credits in the amount of $16.5 million (see Note 13).