RCM Technologies Inc. (NASDAQ: RCMT) reported second-quarter revenue fell 9.8% year over year to $67.0 million. Gross margin also narrowed at the Pennsauken, New Jersey-based staffing provider. 

RCM’s specialty healthcare segment fueled the decline, falling 18.2% year over year to revenue of about $35.5 million in the second quarter. However, revenue in the company’s life sciences and IT segment rose 5.1%, while engineering revenue edged up 0.5%. 

“Despite a slow start to the year in engineering, we made the decision to maintain stride in building what we believe to be a highly differentiated platform in the professional service marketplace,” said Executive Chairman Bradley Vizi in a press release. “Our decision was supported by our view of the secular growth markets and our strong portfolio of capabilities, and we now see the business continuing to strengthen as we move through the year.” 

Click chart to enlarge.

Share price

Shares in RCM Technologies were down 19.76% to $15.51 as of 11:12 a.m. Eastern time today; they were 24.71% below their 52-week high, according to FT.com.