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Quarterly Information (Unaudited) (Tables)
 12 Months Ended
Oct. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Selected unaudited financial data for each quarter of fiscal year 2019 and 2018 is presented below. We believe that the information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented.

 

(in thousands)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Full

Year

 

Year ended October 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

17,783

 

 

$

9,216

 

 

$

22,712

 

 

$

11,041

 

 

$

60,752

 

Gross (loss) profit

 

 

(2,205

)

 

 

(3,640

)

 

 

7,965

 

 

 

(23,389

)

 

 

(21,269

)

Loss on operations

 

 

(15,244

)

 

 

(17,623

)

 

 

(1,070

)

 

 

(32,992

)

 

 

(66,929

)

Net loss

 

 

(17,548

)

 

 

(19,530

)

 

 

(5,311

)

 

 

(35,179

)

 

 

(77,568

)

Series A warrant exchange

 

 

-

 

 

 

(3,169

)

 

 

-

 

 

 

-

 

 

 

(3,169

)

Series B Preferred stock dividends

 

 

(800

)

 

 

(800

)

 

 

(810

)

 

 

(821

)

 

 

(3,231

)

Series C preferred stock deemed contributions (dividends)

 

 

(9,005

)

 

 

1,599

 

 

 

884

 

 

 

-

 

 

 

(6,522

)

Series D preferred stock deemed dividends

 

 

(5,685

)

 

 

(976

)

 

 

(3,091

)

 

 

(3

)

 

 

(9,755

)

Net loss to common stockholders

 

 

(33,038

)

 

 

(22,876

)

 

 

(8,328

)

 

 

(36,003

)

 

 

(100,245

)

Net loss to common stockholders per basic and diluted common share (1)

 

$

(3.97

)

 

$

(2.06

)

 

$

(0.18

)

 

$

(0.23

)

 

$

(1.82

)

Year ended October 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

38,613

 

 

$

20,830

 

 

$

12,110

 

 

$

17,884

 

 

 

89,437

 

Gross profit (loss)

 

 

4,635

 

 

 

(629

)

 

 

(2,056

)

 

 

1,143

 

 

 

3,093

 

Loss on operations

 

 

(5,553

)

 

 

(12,735

)

 

 

(14,474

)

 

 

(11,870

)

 

 

(44,632

)

Net loss

 

 

(4,183

)

 

 

(13,174

)

 

 

(15,881

)

 

 

(14,096

)

 

 

(47,334

)

Series B Preferred stock dividends

 

 

(800

)

 

 

(800

)

 

 

(800

)

 

 

(800

)

 

 

(3,200

)

Series C Preferred stock deemed dividends

 

 

(3,463

)

 

 

(4,199

)

 

 

(939

)

 

 

(958

)

 

 

(9,559

)

Series D Preferred stock redemption accretion

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,075

)

 

 

(2,075

)

Net loss to common stockholders

 

 

(8,446

)

 

 

(18,173

)

 

 

(17,620

)

 

 

(17,929

)

 

 

(62,168

)

Net loss to common stockholders per basic and diluted common share (1)

 

$

(1.41

)

 

$

(2.74

)

 

$

(2.45

)

 

$

(2.31

)

 

 

(9.01

)

 

(1)

The full year net loss to common stockholders basic and diluted share may not equal the sum of the quarters due to weighting of outstanding shares.