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View All NewsGeneral Employment revenue up 9% in fiscal year
General Employment Enterprises Inc. (NYSE MKT: JOB), an Oakbrook Terrace, Ill.-based staffing provider, reported net revenue rose 9% to $43.4 million in its fiscal year 2015 ended Sept. 30. However, net loss for the year increased.
| (US$ thousands) | FY 2015 | FY 2014 | % growth |
| Net revenue | $43,387 | $39,811 | 9.0% |
| Net loss | -$4,662 | -$1,355 | nm |
Quote
“Fiscal 2015 was a successful year for the company as we raised approximately $2 million from a convertible preferred stock offering, approximately $8 million in equity capital from a secondary stock offering as part of General Employment's $75 million shelf registration, approximately $4.2 in subordinated debt and completed the strategic acquisitions of Scribe Solutions, Agile Resources and Access Data Consulting,” said Chairman and CEO Derek Dewan.
Revenue by segment
| (US$ thousands) | FY 2015 | FY 2014 | % growth |
| Contract staffing services | $36,722 | $32,723 | 12.2% |
| Direct hire placement services | $6,665 | $7,088 | -6.0% |
Share price and market cap
General Employment shares fell 4.68% today in early afternoon trading to $5.50 and the company has a market cap of $48.91 million, according to Yahoo!