Staffing 360 Solutions Inc. (NASD: STAF) expects reported revenue for its fiscal third quarter ended Feb. 29, to reach approximately $43 million, up 40% from $31 million reported in the same period last year.

“We are thrilled to announce yet another quarter of record revenue,” said Executive Chairman Brendan Flood. “Achieving $43 million in revenue in a single quarter is no small feat, and it demonstrates our ability to continually drive growth. The JM Group acquisition initially put us on a trajectory to $170 million in annualized revenue, however, through organic growth, we were able to exceed even that threshold. This will be the largest single quarterly revenue figure in the company's history.”

Staffing 360 counts 20 offices operating across the US and UK under multiple brands.

Shares in Staffing 360 rose 16.18% in early afternoon trading today to $2.48 and the company had a market cap of $12.17 million, according to Yahoo!