Staffing 360 Solutions Inc. (NASD: STAF) today reported revenue rose 30% to $47 million in its fiscal first quarter ended Aug. 31, and net loss moderated to $1.3 million from $1.7 million in the year-ago quarter.

Today’s announcement was a pre-release of financial results. The company expects to release full first-quarter results in the middle of next month.

“The August quarter is typically one of the strongest quarters of the year, and we demonstrated this by hitting a record $47 million of revenue and over 30% growth year over year,” Executive Chairman Brendan Flood said.

Although the company reported a bottom line net loss, adjusted EBITDA rose to $1.7 million in the fiscal first quarter from $600,000 in the year-ago quarter. Flood cited improving gross profit, increased productivity and cost controls.

Staffing 360 is aimed at a global “buy-and-build” strategy through acquisitions of staffing firms in the US and UK. Its goal is annual revenue of $300 million. The company has made seven acquisitions and one divestiture since it began operations in October 2012, according to the company’s most recent annual report. Those deals include: Control Solutions International Inc. in November 2013; Initio International Holdings Limited in January 2014; Poolia UK Ltd. in February 2014; PeopleSERVE in May 2014; Lighthouse Placement Services in July 2015; and The JM Group in November 2015.

Shares in Staffing 360 rose 0.73% in early afternoon trading to $1.37. The company had a market cap of $10.3 million, according to Yahoo.