Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Earnings (Unaudited)

v3.25.2
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales $ 49,903,000 $ 48,793,000 $ 132,547,000 $ 119,933,000
Cost of sales 34,669,000 38,101,000 94,940,000 101,712,000
Gross profit 15,234,000 10,692,000 37,607,000 18,221,000
Operating expenses        
Selling, general and administrative 13,738,000 12,998,000 39,823,000 38,430,000
Income (Loss) from operations 1,496,000 (2,306,000) (2,216,000) (20,209,000)
Net investment income 1,588,000 1,735,000 4,920,000 5,653,000
Interest expense (106,000) (153,000) (275,000) (381,000)
Income (Loss) before income taxes 2,978,000 (724,000) 2,429,000 (14,937,000)
Income tax expense (benefit) 1,372,000 (277,000) 1,401,000 (3,311,000)
Net income (loss) $ 1,606,000 $ (447,000) $ 1,028,000 $ (11,626,000)
Net income (loss) per share Basic (in dollars per share) $ 0.11 $ (0.04) $ 0.07 $ (0.79)
Net income (loss) per share Diluted (in dollars per share) $ 0.11 $ (0.04) $ 0.07 $ (0.79)
Weighted average shares outstanding:        
Basic (in shares) 13,833,748 14,249,755 14,047,802 14,699,278
Diluted (in shares) 13,833,748 14,249,755 14,047,802 14,699,278