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View All NewsLabor Smart revenue up 45% in 2014
January 07, 2015
Labor Smart Inc. (OTCBB: LTNC), a provider of industrial staffing serving the southeastern US, reported revenue of $24 million in 2014, an increase of 45 percent from $16.6 million in 2013.
The Hiram, Ga.-based firm noted the following highlights for 2014:
- Became substantially self-insured
- Expanded branch footprint to 30 locations
- Completed two acquisitions
- Transitioned away from lower margin, higher risk business
- Expanded management team with the hiring of COO Kimberly Thompson
- Implemented initiatives in the fourth quarter aimed at boosting cash flow and profitability in 2015