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View All NewsCommand Center revenue falls on store closures, gross margin improves
Command Center Inc. (OTCMKTS: CCNI) reported revenue fell 7.0 percent in the second quarter to $21.6 million primarily because of the closure of five underperforming stores. Gross margin at the industrial staffing provider rose to 27.0 percent in the second quarter from 25.3 percent in the same period last year, and net income jumped.
Quote
“We have improved customer satisfaction, employee training and operations efficiency,” said CEO Bubba Sandford. “We are now in a position to invest in growth by expanding our market presence, as we have with the recent opening of our 54th field office in Houston, Texas.”
Revenue
| Q2 2014 ($000s) | Q2 2013 ($000s) | % growth | |
| Revenue | $21,662 | $23,295 | -7.0% |
Gross margin
| Q2 2014 | Q2013 | |
| Gross margin | 27.0% | 25.3% |
Net income
| Q2 2014 ($000s) | Q2 2013 ($000s) | % growth | |
| Net income | $1,496 | $473 | 216.3% |
Share price and market cap
Command Center shares rose 11.86 percent in early afternoon trading to 66 cents. The company had a market cap of $43.03 million, according to Google.