Command Center Inc. (OTC: CCNI) reported revenue rose 2.8% year over year in the first quarter to $19.0 million. The company attributed the increase to its focus on improving revenue and profitability from existing branch locations.

However, net income at the Coeur d’Alene, Idaho-based industrial staffing provider fell to $82,000 from $511,000 in the year-ago quarter.

Gross margin improved overall, driven by lower workers’ compensation costs; gross margins on work performed in the Bakken Shale region declined. 

Quote

“Our first quarter financial results reflect our investment in hiring, training and retaining staff to support our long-term focus of increasing shareholder value," said President and CEO Bubba Sandford. “A 17% decline in revenue from offices located in the Bakken region was offset by increases in our other locations, reflecting the value of our geographic and industry segment diversification. We achieved these increases through our ongoing programs to improve same store revenue and profitability. Our plan of steady diversified growth with a focus on profitability continues to add value for the company’s shareholders, and we look forward to continuing to deliver positive results through the rest of the year.”

Share price and market cap

Command Center shares fell 9.33% in early afternoon trading today to 68 cents and the company has a market cap of $44.71 million, according to Yahoo!