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Source2 fourth-quarter revenue up 13%

February 05, 2010

Source2, an Orlando FL-based staffing firm, reported fourth-quarter revenue rose 12.7% to $2.9 million on a year-over-year basis.

Fourth-quarter gross margin improved to 21.2% from 20.3% in the year-ago quarter.

The company posted a net loss of $5,542 in the fourth quarter compared with a net loss of $28,808 in the same period last year.

Revenue for full-year 2009 was $10.5 million and net income of $11,077.

Source2
For the fourth quarter of 2009 compared with the same period in 2008.
Revenue: $2.9 million, +12.7%
Net loss: $5,452 vs. net loss of $28,808