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View All NewsCommand Center revenue up 13% in Q2 thanks to acquisition
Industrial staffing provider Command Center Inc. (OTCBB: CCNI) reported revenue rose 13.0% in the second quarter driven largely by its acquisition of Hancock Staffing stores in June 2016. Revenue was up 5.4% excluding the Hancock stores, at the Lakewood, Colo.-based company.
| Q3 2017 | Q3 2016 | % growth | |
| Revenue | $24,503,660 | $21,675,874 | 13.0% |
| Gross profit | $6,492,857 | $5,452,086 | 19.1% |
| Gross margin percentage | 26.5% | 25.2% | |
| Net income/loss | $734,896 | $274,852 | 167.4% |
Second-quarter gross margin improved to 26.5%, and the company reported the increase stemmed from its emphasis on coaching and training field personnel.
Command Center has 66 stores in 22 states.
Quote
“Since taking significant actions to improve operations in the second quarter of 2016, we have generated four straight quarters of considerable revenue growth and three straight quarters of gross margin expansion,” President and CEO Bubba Sandford said.
Share price and market cap
Shares in Command Center rose 14.3% to 35 cents in early afternoon trading. The company had a market cap of $21.2 million, according to Yahoo.