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BSGF revenue up 14.2% in Q4; gross margin improves

March 09, 2023

BGSF Inc. (NYSE: BGSF) reported fourth-quarter revenue rose 14.2% year over year to $77.3 million. The Plano, Texas-based staffing firm reported revenue increased in its professional and real estate divisions. Gross margin also improved.

“Fiscal 2022 was a transformational year for our company. We are very pleased with the results and believe that our stated goals of fully aligning BGSF’s core strategy around building higher margin businesses in consulting, managed services and in workforce solutions demonstrated significant progress in 2022,” said Beth Garvey, chair, president and CEO of BSGF.

BGSF provides consulting, managed services, and workforce solutions to a variety of industries through its various divisions in IT, cyber, finance and accounting and real estate.

Share price and market cap

Shares in BGSF were down 0.24% to $13.92 as of 11:39 a.m. Eastern time; they were 13.15% below their 52-week high of $16.02, set on Jan. 13, according to FT.com. The company had a market cap of $146.5 million.