Industrial staffing provider Labor SMART (OTCBB: LTNC) reported today it expects revenue of $6.37 million for the second quarter and that it closed underperforming branches in a move to focus on profitability. In addition, the Atlanta-based firm on Friday withdrew a registration statement for new stock filed in February. No securities had been sold under the statement, according to the filing.

“The company is requesting withdrawal of the registration statement because it does not intend to proceed with the offering that was the subject of the registration statement,” according to the filing.

Labor SMART had been the subject of some acquisition interest, including by Command Center back in May. However, the company rejected that offer.

In its announcement today regarding its business, Labor SMART reported more than 300 new clients in the second quarter and launched a mobile website.

“In line with our shift in strategy to focus on profitability, a number of underperforming branch locations were closed at the beginning of the second quarter of 2015,” Chairman and CEO Ryan Schadel said in a statement. “Additionally, we continue to reduce our exposure to low margin business, which is noticeable in our increasing profit margins. I expect top line revenue of $6.37 million for the quarter ended June 26, 2015, with record gross profit margins in our upcoming 10-Q.”