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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Net sales $ 21,505,000 $ 11,057,000 $ 38,423,000 $ 21,059,000
Cost of sales 15,425,000 6,287,000 28,259,000 13,683,000
Gross profit 6,080,000 4,770,000 10,164,000 7,376,000
Operating expenses:        
Engineering 857,000 202,000 1,310,000 633,000
Selling and general 4,477,000 1,884,000 8,470,000 4,647,000
Total operating expenses 5,334,000 2,086,000 9,780,000 5,280,000
Operating income 746,000 2,684,000 384,000 2,096,000
Other (expense) income (107,000) 2,809,000 (102,000) 2,800,000
Income before provision for income taxes 639,000 5,493,000 282,000 4,896,000
Provision for income taxes 136,000 648,000 56,000 454,000
Consolidated net income $ 503,000 $ 4,845,000 $ 226,000 $ 4,442,000
Earnings per share:        
Basic (in dollars per share) $ 0.05 $ 0.49 $ 0.02 $ 0.45
Diluted (in dollars per share) $ 0.05 $ 0.48 $ 0.02 $ 0.44
Weighted average shares outstanding:        
Basic (in shares) 10,107,687 9,963,291 10,087,309 9,927,776
Diluted (in shares) 10,243,636 10,129,472 10,229,704 10,096,916