Staffing 360 Solutions Inc. (NASD: STAF), in a pre-release of earnings, reported revenue rose approximately 9% to $50 million in its fiscal third quarter ended Sept. 30. This includes $6 million from acquisitions.

Gross margins increased to 18.5% from 18.3%, but net loss increased. Full results are expected in mid-November.

Two acquisitions completed in September — CBS Butler Holdings Limited in the UK and firstPRO Georgia in the US — are included in these results for only a few weeks. The full impact of these acquisitions will be reflected in the fiscal fourth quarter of 2017.

Staffing 360 expects net loss attributable to common stock to be approximately $5.3 million for the third quarter, up from $900,000 in the year-ago period. This includes $5.6 million of noncash charges relating to the refinancing of the balance sheet as well as depreciation and amortization of intangible assets, and approximately $900,000 of acquisition-related and other non-recurring expenses.

“The third quarter was a transformational period in the history of Staffing 360 Solutions,” said Executive Chairman Brendan Flood. “We completed two acquisitions, bringing our annualized revenues to $265 million and materially refinanced our balance sheet, improving our working capital position and ability to generate positive operating cash flow. More importantly, our trailing 12 months’ pro-forma adjusted EBITDA is now $11 million, up from $5.4 million in the comparable trailing 12 months of 2016.”