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Brainhunter revenue falls 12%

August 11, 2009
Staffing Industry Analysts North American Daily News

Brainhunter Inc. (TSX: BH) announced revenue fell 12.4% year over year to C$53.4 million (US$46.2 million) in its fiscal third quarter ended June 30.

Gross margin at the Toronto-based information technology and engineering services and staffing company narrowed to 11.9% from 14.0% in the year-ago quarter.

Brainhunter posted a second-quarter net loss of C$7.1 million (US$6.2 million). The quarter included a restructuring provision of C$3.8 million (US$3.3 million), and the company said it reduced its workforce by 80 positions.

Brainhunter Inc. (TSX: BH)
For the fiscal third quarter ended June 30, 2009, compared with the same period in the previous fiscal year.
Revenue: C$53.4 million (US$46.2 million), -12.4%
Net loss: $7.1 million (US$6.2 million) vs. net income of C$727,000