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Arcadia's staffing revenue falls 22%

August 09 2010

Arcadia Resources Inc. (AMEX: KAD) reported healthcare staffing revenue fell 22.0% to $3.9 million in its fiscal first quarter ended June 30, 2010, compared with $5.0 million in the same period in the previous fiscal year.

The Indianapolis-based company also provides nonstaffing services including homecare and pharmacy services. Total first-quarter revenue was $25.8 million, down 2.5% from the second quarter of the previous year. Arcadia posted a net loss of $4.0 million compared with a net loss of $4.6 million in the year-ago quarter.

Arcadia Resources Inc. (AMEX: KAD)
For the fiscal first quarter ended June 30, 2010, compared with the same period in the previous year.
Revenue: $25.8 million, -2.5%
Net loss: $4.0 million vs. net loss of $4.6 million

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