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View All NewsRCM revenue rises 8%
RCM Technologies Inc. (NASD GM: RCMT) — a provider of engineering, IT and healthcare staffing — reported revenue rose 7.5% in the fourth quarter to $49.3 million.
The Pennsauken, N.J.-based firm reported net income of $1.7 million compared to a net loss of $1.6 million in the same quarter of last year. The fourth quarter of 2013 included $4.7 million in severance and other charges.
(US$ thousands) | Q4 2014 | Q4 2013 | % growth |
Revenue | $49,310 | $45,849 | 7.5% |
Gross profit | $13,320 | $11,794 | 12.9% |
Gross profit margin | 27.0% | 25.7% | -- |
Net income/loss | $1,717 | -$1,582 | nm |
Quote
“All three of our segments made significant contributions to our highest operating income since fiscal 2002,” said CFO Kevin Miller. “We expect to continue our operating income growth in fiscal 2015. Our business has significant operating leverage as demonstrated by our 37.3% growth in operating income before severance and other charges on 16.5% growth in gross profit.”
Full-year results
(US$ thousands) | 2014 | 2013 | % growth |
Revenue | $193,770 | $170,778 | 13.5% |
Gross profit | $51,963 | $44,361 | 17.1% |
Gross profit margin | 26.8% | 26.0% | -- |
Net income | $6,814 | $1,990 | nm |
Share price and market cap
Shares in RCM rose 5.20% in early afternoon trading to $6.69; RCM has a market cap of $84.00 million, according to Yahoo!