v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Income Statement [Abstract]        
Revenues (See Note 2) $ 4,579 $ 10,437 $ 9,844 $ 19,378
Cost of revenues 4,095 10,498 8,941 18,743
Gross profit  484 (61) 903 635
Operating expenses:        
Salaries, wages, and payroll taxes 2,598 3,653 4,857 7,543
Commissions 7 28 17 56
Professional fees 870 1,677 2,065 3,414
Software development 119 1,073 179 2,234
Depreciation and amortization 150 130 299 253
General and administrative 1,765 2,354 3,516 4,693
Total operating expenses 5,509 8,915 10,933 18,193
Operating loss (5,025) (8,976) (10,030) (17,558)
Other (expense) income:        
Interest expense (239) (1) (457) (2)
Other income 642 13 642 16
Expensed SPAC offering cost 0 (515) 0 (515)
Total other expense 403 (503) 185 (501)
Net loss attributable to ShiftPixy, Inc (4,622) (9,479) (9,845) (18,059)
Loss from discontinued operations, net of tax (607) (18) (807) (151)
Non-controlling interest (540) 0 (540) 0
Net loss (5,769) (9,497) (11,192) (18,210)
Preferred stock preferential dividend 0 0 (127,145) 0
Deemed dividend from change in fair value from warrants modification 0 (7,731) 0 (7,731)
Net loss attributable to common shareholders $ (5,769) $ (17,228) $ (138,337) $ (25,941)
Net loss per share attributable to ShiftPixy shareholder, , basic and diluted        
Continuing operations, basic (in dollars per share) $ (0.53) $ (55.13) $ (14.29) $ (76.77)
Continuing operations, diluted (in dollars per share) (0.53) (55.13) (14.29) (76.77)
Discontinued operations, basic (in dollars per share) (0.06) (0.06) (0.08) (0.45)
Discontinued operations, diluted (in dollars per share) (0.06) (0.06) (0.08) (0.45)
Net loss per common share, basic (in dollars per share) (0.59) (55.19) (14.37) (77.22)
Net loss per common share, diluted (in dollars per share) $ (0.59) $ (55.19) $ (14.37) $ (77.22)
Weighted average common shares outstanding, basic (in shares) 9,703,645 312,155 9,625,660 335,934
Weighted average common shares outstanding, diluted (in shares) 9,703,645 312,155 9,625,660 335,934

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