Revenue fell 14.8% at GEE Group (NYSE: JOB) in its fiscal first quarter ended Dec. 31. Contract staffing revenue fell 13.8% at the Jacksonville, Fla.-based staffing provider; direct-hire revenue fell 21.5%.

The company attributed the revenue decrease to many factors, including inclement weather, fewer billing days in the quarter, winter holidays falling mid-week and a performance improvement plan in fiscal 2018 that reduced the number of unproductive or underperforming full-time personnel — including recruiters, account representatives and sales professionals — and closed or consolidated certain offices.

Revenue by segment

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“GEE’s strategy for the remainder of this fiscal year includes the selective addition of sales and delivery talent, in addition to beefing up our recruiting capabilities to help us continue to gain market share and increase GEE Group’s organic revenue growth and profitability,” said Chairman and CEO Derek Dewan. “We plan to bolster our balance sheet and continue to evaluate and make strategic acquisitions that are complementary to our business, which will be accretive to earnings while adding extensively to our service delivery network.”

Share price and market cap

GEE Group shares were down 4.60% to $1.66 at 11:27 a.m. Eastern time; the company had a market cap of $19.50 million, according to FT.com.