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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Net sales $ 23,842,000 $ 15,257,000 $ 62,265,000 $ 36,316,000
Cost of sales 16,594,000 10,198,000 44,853,000 23,881,000
Gross profit 7,248,000 5,059,000 17,412,000 12,435,000
Operating expenses:        
Engineering 791,000 411,000 2,101,000 1,044,000
Selling and general 5,369,000 3,452,000 13,838,000 8,099,000
Total operating expenses 6,160,000 3,863,000 15,939,000 9,143,000
Operating income 1,088,000 1,196,000 1,473,000 3,292,000
Other (expense) income (177,000) 2,000 (280,000) 2,803,000
Income before provision for income taxes 911,000 1,198,000 1,193,000 6,095,000
Provision for income taxes 140,000 272,000 196,000 727,000
Consolidated net income $ 771,000 $ 926,000 $ 997,000 $ 5,368,000
Earnings per share:        
Basic (in dollars per share) $ 0.08 $ 0.09 $ 0.10 $ 0.54
Diluted (in dollars per share) $ 0.08 $ 0.09 $ 0.10 $ 0.53
Weighted average shares outstanding:        
Basic (in shares) 10,127,244 9,979,578 10,100,767 9,955,193
Diluted (in shares) 10,238,932 10,150,396 10,233,209 10,131,172