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Arcadia healthcare staffing revenue falls

August 13, 2009
Staffing Industry Analysts North American Daily News

Arcadia Resources Inc. (AMEX: KAD) announced healthcare staffing revenue fell 38.3% year over year to $5.0 million in its fiscal first quarter ended June 30, 2009.

Travel nurse revenue fell 45% year over year in the first quarter, and per diem healthcare staffing revenue fell 35%.

In addition to healthcare staffing, Indianapolis-based Arcadia provides home care and pharmacy services. The company sold its industrial staffing business in May.

Total first-quarter revenue for the company fell 1.4% year over year to $26.4 million. It posted a net loss of $4.6 million.

Arcadia Resources Inc. (AMEX: KAD)
For the fiscal first quarter ended June 30, 2009, compared with the same period in the previous year.
Revenue: $26.4 million, -1.4%
Net loss: $4.6 million vs. net loss of $3.3 million