v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 28, 2022
Feb. 28, 2021
Income Statement [Abstract]        
Revenues (See Note 2) $ 10,437 $ 2,419 $ 19,378 $ 4,922
Cost of revenue 10,498 2,056 18,743 4,046
Gross profit  (loss) (61) 363 635 876
Operating expenses:        
Salaries, wages, and payroll taxes 3,653 2,592 7,543 4,785
Stock-based compensation – general and administrative 339 423 747 919
Commissions 28 49 56 87
Professional fees 1,677 1,006 3,414 1,713
Software development 1,073 786 2,234 1,663
Depreciation and amortization 130 86 253 148
General and administrative 2,014 1,380 3,946 3,139
Total operating expenses 8,915 6,322 18,193 12,454
Operating Loss (8,976) (5,959) (17,558) (11,578)
Other (expense) income:        
Interest expense (1) (3) (2) (6)
Other income 13 0 16 0
Expensed SPAC offering costs (515) 0 (515) 0
Total other expense (503) (3) (501) (6)
Loss from continuing operations (9,479) (5,962) (18,059) (11,584)
Total (loss) income from discontinued operations, net of tax (18) (221) (151) (1,535)
Net loss attributable to Shiftpixy Inc. shareholders (9,497) (6,183) (18,210) (13,119)
Deemed dividend from change in fair value from warrants modification (7,731) 0 (7,731) 0
Net loss attributable to common shareholders $ (17,228) $ (6,183) $ (25,941) $ (13,119)
Net loss  per share, Basic and diluted        
Continuing operations, basic (in dollars per share) $ (0.55) $ (0.18) $ (0.77) $ (0.36)
Continuing operations, diluted (in dollars per share) (0.55) (0.18) (0.77) (0.36)
Discontinued operations, basic (in dollars per share) 0 (0.01) 0 (0.05)
Discontinued operations, diluted (in dollars per share) 0 (0.01) 0 (0.05)
Net loss per common share, basic (in dollars per share) (0.55) (0.19) (0.77) (0.41)
Net loss per common share, diluted (in dollars per share) $ (0.55) $ (0.19) $ (0.77) $ (0.41)
Weighted average common shares outstanding, basic (in shares) 31,215,495 32,746,660 33,593,393 31,772,050
Weighted average common shares outstanding, diluted (in shares) 31,215,495 32,746,660 33,593,393 31,772,050

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