Revenue at Futuris Co. (OTCMKTS: FTRS), a consolidator of staffing and technology companies, fell 17.4% year over year to $10.2 million in its fiscal first quarter ended Oct. 31.

Futuris has made a number of acquisitions and recently named Larry Parrotte as its new CEO.

Futuris’ acquisitions include Talent Beacon LLC, which it acquired in November 2020 for $880,000, according to regulatory filing. Futuris also acquired Computer Deductions Inc. in April 2021 for $4.5 million.

Other acquisitions were Tasa Inc. in June 2021, Health HR Inc. in June 2021, AkVarr Inc. in September 2021, Cadan Technologies in December 2021 and Insigma Inc. in June of this year.

It announced the cancelation of the acquisition of LotusUSA Inc. in June. It also completed its acquisition of the specialized healthcare staffing business of Recruiter.com in October.

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Share price

As of last trade, shares in Futuris were at $0.0399, which was 131.98% above its 52-week low.