TeamStaff Inc. (NASD: TSTF), a provider of healthcare and logistics staffing to the federal government, reported revenue fell 14.6% on a year-over-year basis to $9.8 million in its fiscal second quarter ended March 31, 2010.

"Our results this quarter continue to reflect our substantial transformation which began with the divestiture of the TeamStaff Rx commercial healthcare staffing business," said President and CEO Zachary Parker. "Now that the divestiture is behind us, we are in the process of rebuilding the core enterprise including infrastructure, branding and new business development efforts."

TeamStaff sold its TeamStaff Rx travel nurse and allied healthcare division effective Jan. 4.

TeamStaff's second-quarter gross margin narrowed to 9.9% from 14.9% in the year-ago quarter.

The Somerset NJ-based firm reported a first-quarter net loss of $1.0 million compared with a net loss of $559,000 in the same period in the previous year.

TeamStaff Inc. (NASD: TSTF)
For the fiscal second quarter ended March 31, 2010, compared with the same period in the previous year.
Revenue: $9.8 million, -14.6%
Net loss: $1.0 million vs. net loss of $559,000