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Arcadia staffing revenue down 4.8%

November 06 2008

Staffing revenue fell 4.8% to $29.7 million at Arcadia Resources Inc. (AMEX: KAD) in its fiscal second quarter ended Sept. 30.

The Indianapolis-based staffing, pharmacy and medical equipment firm includes in-home healthcare, medical staffing and non-medical staffing in its staffing revenue. It said in-home healthcare revenue rose 15% year over year, but revenue fell in its per diem medical and travel nurse businesses.

Total second-quarter revenue decreased 2.8% to $36.9 million at the company. Gross margin, however improved to 35.2% from 31.6%

Arcadia reported a net loss of $3.2 million compared with a net loss of $9.2 million in the second quarter of the previous year.

Arcadia Resources Inc. (AMEX: KAD)
For the second quarter ended Sept. 30, 2008, compared with the same period in the previous year.
Revenue: $36.9 million, -2.8%
Net loss: $3.2 million vs. net loss of $9.2 million

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