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TeamStaff revenue falls 26%

August 14 2009
Staffing Industry Analysts North American Daily News

TeamStaff Inc. (NASD: TSTF), a Somerset NJ-based healthcare and administrative staffing firm, reported revenue fell 26.2% to $13.1 million in its fiscal third quarter ended June 30 compared to the same period in the previous year.

Third-quarter gross margin slipped to 16.0% from 18.6% in the year-ago quarter.

TeamStaff posted a third-quarter net loss of $533,000. It reported net income of $541,000 in the third quarter of last year. The company said it would have posted net income of $300,000 in the third quarter of last year if it excluded non-recurring retroactive billings.

TeamStaff Inc. (NASD: TSTF)
For the fiscal third quarter ended June 30, 2009, compared with the same period in the previous fiscal year.
Revenue: $13.1 million, -26.2%
Net loss: $533,000 vs. net income of $541,000

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