Volt Information Sciences Inc. (NYSE MKT: VISI) reported net revenue fell 12.9% in its fiscal second quarter ended May 1.

The New York-based IT and engineering staffing and MSP provider completed a sale-leaseback transaction for its office facility in Orange, Calif., during the second quarter, and also sold its office facility in San Diego, with combined net proceeds totaling $29.1 million.

Net loss narrowed, but included a gain from the sale of real estate, and costs in restructuring, severance and other fees. Excluding the impact of these special items, net loss for the second quarter of 2016 would have been $2.5 million.

Staffing Services segment revenue fell 12.4% from the year-ago quarter.

Volt recently named new executives, including Rhona Driggs as president of Volt Consulting Group, Volt’s MSP service business, and former ManpowerGroup executive Jorge Perez as president of its Volt North American staffing business. The company also hired Sue Tidswell as senior VP sales of Volt Workforce Solutions, Ann Hollins as chief human resources officer, and Chuck Sperazza as chief information officer.

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“Overall, the second quarter was a very productive period for Volt,” said President and CEO Michael Dean. “Importantly, we continued to make good progress on our previously stated plan to streamline our organization and improve our operational and financial performance. Our cost structure is leaner and our actions to divest non-core assets have improved our liquidity position over the past year. The process to sell our last remaining non-core business, Maintech, is proceeding. I am also pleased to report that we are adding to our book of business with important new customer engagements. Finally, we continue to augment our already strong management team with the addition of several exceptional executives to head up key leadership and revenue driving roles within the organization.”

Dean concluded, “Since embarking on our turnaround plan late last year, I have maintained that it will take time to operationally address all of the issues we are dealing with — and even longer for the changes we are making to be reflected in our financial results. However, I can say with confidence that we are on-track to returning Volt to top and bottom line growth.”

Share price and market cap

Shares in Volt fell 4.17% in early afternoon trading today to $6.21, and Volt had a market cap of approximately $129.36 million, according to Yahoo!