v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Income Statement [Abstract]        
Revenues (See Note 2) $ 9,643 $ 9,475 $ 29,021 $ 14,397
Cost of revenue 9,039 9,922 27,782 13,968
Gross profit  (loss) 604 (447) 1,239 429
Operating expenses:        
Salaries, wages, and payroll taxes 3,253 2,993 10,796 7,778
Stock-based compensation – general and administrative 321 444 1,069 1,363
Commissions 17 49 73 136
Professional fees 2,680 1,129 6,094 2,842
Software development 287 1,057 2,521 2,720
Depreciation and amortization 133 120 386 268
Impaired asset expense 4,004 0 4,004 0
General and administrative 2,630 1,309 6,576 4,448
Total operating expenses 13,325 7,101 31,519 19,555
Operating Loss (12,721) (7,548) (30,280) (19,126)
Other (expense) income:        
Interest expense (1) (3) (2) (9)
Other income 27 0 43 0
Expensed SPAC offering costs 0 0 (515) 0
Total other expense 26 (3) (474) (9)
Loss from continuing operations (12,695) (7,551) (30,754) (19,135)
Total (loss) income from discontinued operations, net of tax (132) 23 (283) (1,512)
Net loss attributable to ShiftPixy, Inc. shareholders (12,827) (7,528) (31,037) (20,647)
Deemed dividend from change in fair value from warrants modification 0 0 (7,731) 0
Net loss attributable to common shareholders $ (12,827) $ (7,528) $ (38,768) $ (20,647)
Net loss  per share, Basic and diluted        
Continuing operations, basic (in dollars per share) $ (0.33) $ (0.22) $ (1.01) $ (0.59)
Continuing operations, diluted (in dollars per share) (0.33) (0.22) (1.01) (0.59)
Discontinued operations, basic (in dollars per share) 0 0 (0.01) (0.05)
Discontinued operations, diluted (in dollars per share) 0 0 (0.01) (0.05)
Net loss per common share, basic (in dollars per share) (0.34) (0.22) (1.02) (0.64)
Net loss per common share, diluted (in dollars per share) $ (0.34) $ (0.22) $ (1.02) $ (0.64)
Weighted average common shares outstanding, basic (in shares) 38,372,633 35,596,111 37,834,867 32,385,287
Weighted average common shares outstanding, diluted (in shares) 38,372,633 35,596,111 37,834,867 32,385,287

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