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Source2, a Winter Park, Fla.-based staffing provider, reported first-quarter revenue rose 44.7 percent to $5.1 million from $3.5 million in the year-ago period. First-quarter gross margin fell to 20.3 percent from 27.0 percent in the year-ago period.
The company posted net income of $35,712 in the first quarter compared to a net loss of $32,549 in the year-ago quarter.
For the first quarter ended March 31, 2012, compared with the same period in 2011.
Revenue: $5.1 million, +44.7 percent
Net income: $35,712 vs. a net loss of $32,549