Staffing 360 Solutions Inc. (NASDAQ: STAF) on Oct. 16 reported earnings for the first quarter ended April 1 with revenue up 26.5% year over year, a 23.5% increase in constant currency. The staffing company, which has operations in the US and UK, also filed its 10-Q for the first quarter with the Securities and Exchange Commission, the deadline for the filing under Nasdaq rules.

Revenue growth was in the company’s US professional temporary staffing segments.

Staffing 360 noted in its 10-Q filing that $20.2 million in revenue for the first quarter was attributable to its acquisition of Headway Workforce Solutions, which was completed in May 2022. On an organic basis, revenue fell by $6.9 million, according to the company’s 10-Q filing.

Oct. 16 was the deadline for Staffing 360 to file its 10-Q for the period ended April 1. Nasdaq had issued a notice on May 18 that the company was out of compliance because it has not filed a 10-Q for the period yet at that time; Nasdaq granted a new deadline of Oct. 16 for the filing of the 10-Q on July 5.

Nasdaq also issued a letter on Jul. 17 that Staffing 360 common stock did not meet the minimum bid price of $1 per share between June 1 and July 14.

Shares in Staffing 360 were up 0.64% today to nearly 63 cents as of 12:19 Eastern time, according to FT.com. They were 3.24% above their 52-week low set on Sept. 8.

Brendan Flood, chairman, CEO and president, highlighted the company’s 26.5% headline growth and noted positive adjusted EBITDA. The company also plans to file its 10-Q for the second quarter in the coming weeks.

“Our buy-integrate-build strategy is beginning to pay off, and we anticipate continued revenue growth and margin improvements as we move toward our long-term goals,” Flood said in a press release.

“As we expect is the case with other staffing companies, we continue to closely monitor the marketplace and our clients’ needs for any recessionary or other macro-economic impacts and are ready to take necessary actions to mitigate any such impact,” he added. “Our primary focus is on providing meaningful staffing solutions to our clients while driving future growth and shareholder value.”

Staffing 360 forecast revenue of between $250 million and $265 million for the full fiscal year.