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