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View All NewsGEE Group revenue jumps in fiscal Q4 with SNI acquisition
GEE Group Inc. (NYSE MKT: JOB) reported revenue jumped in its fiscal fourth quarter ended Sept. 30.
| (US$ millions) | Q4 2017 | Q4 2016 | % change |
| Net revenue | $46.4 | $21.8 | 113% |
| Gross margin | 36.3% | 27.7% | |
| Net income | $3.7 | $1.0 | nm |
Looking at the full year, revenue rose 62% to $135 million. However, the company reported the increase of $51.9 million was driven by its acquisition of SNI Companies last March. Excluding SNI, direct-hire placement revenue excluding SNI fell for the year.
Full-year revenue
| (US$ thousands) | FY 2017 | FY 2016 | % change |
| Net revenue | $135 | $83 | 62.5% |
| Gross margin | 33.3% | 28.4% | |
| Net income (loss) | ($2.4) | $1.2 | nm |
GEE Group’s brands include Access Data Consulting, Agile Resources, Ashley Ellis, General Employment, Omni-One, Paladin Consulting, Triad and Scribe Solutions.
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“Our fiscal year ended September 30th, 2017 was a highly successful year for the company as we were able to complete the SNI acquisition, which will significantly increase revenue, add to profitability and strengthen our market position,” Chairman and CEO Derek Dewan said.