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View All NewsRCM Technologies Q2 revenue edges up; net income falls on acquisition charge
August 10, 2017
Revenue at RCM Technologies Inc. (NASD GM: RCMT) — a provider of engineering, IT and healthcare staffing — was little changed in the second quarter. However, net income fell to $89,000 from $863,000, primarily attributable to a $781,000 charge related to an increase in contingent consideration related to an acquisition in Canada.
| (US$ thousands) | Q2 2017 | Q2 2016 | % growth |
| Revenue | $45,512 | $45,379 | 0.3% |
| Gross profit | $12,113 | $12,104 | 0.1% |
| Gross profit margin | 26.6% | 26.7% | |
| Net income | $189 | $863 | -78.1% |
Share price and market cap
Shares in RCM rose 6.8% to $5.48 in late morning trading today; RCM has a market cap of approximately $65.6 million, according to Yahoo.