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TeamStaff Revenue Rises 9%

February 15 2012

TeamStaff Inc. (NASD: TSTF), a provider of healthcare and logistics staffing to the federal government, reported revenue rose 8.7 percent to $11.5 million in its fiscal first quarter ended Dec. 31. Revenue was $10.6 million in the year-ago period.

“We’ve had a solid operational and financial start to fiscal year 2012,” said Zach Parker, president and CEO.  “We phased in nearly 250 new employees and implemented some technology upgrades as we remain committed to providing best value to our customers.”

Gross margin improved to 13.6 percent in the first quarter, compared to 12.5 percent in the year-ago period.

The company reported a net loss of $389,000, compared with a net loss of $337,000 in the first quarter of last year.

TeamStaff Inc. (NASD: TSTF)
For the first quarter ended Dec. 31, 2011, compared with the same period in 2010.
Revenue: $11.5 million, +8.7 percent
Net loss: $389,000 vs. net loss of $337,000

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