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Staffing revenue edges up at Arcadia

June 16 2008

Staffing revenue rose 1.0% at Arcadia Resources Inc. (AMEX: KAD) in its fiscal year ending March 31. The Indianapolis-based staffing, pharmacy and medical equipment firm reported staffing revenue of $122.7 million for the year, up from $121.5 million in the previous year.

Including nonstaffing revenue, the company's revenue rose 5.1% to $151.0 million for its last fiscal year. Arcadia also narrowed its net loss to $23.4 million from $43.8 million.

For its fiscal fourth quarter, Arcadia said revenue, including nonstaffing sales, rose 7.9% to $37.4 million from $34.7 million in the same period in the previous year. Its fourth-quarter net loss narrowed to $3.1 million from $39.2 million.

Arcadia Resources Inc. (AMEX: KAD)
For the fourth quarter ended March 31, 2008, compared with same period in the previous year.
Revenue: $37.4 million, +7.9%
Net loss: $3.1 million vs. net loss of $39.2 million

For the full fiscal year ended March 31, 2008, compared with the previous year.
Revenue: $151.0 million, +5.1%
Net loss: $23.4 million vs. net loss of $43.8 million

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