Daily News
View All NewsWorld – Staffing 360 Q1 revenue rises as it returns to profit
01 May 2019
Staffing 360 Solutions Inc. (NASD: STAF), a staffing provider operating in the US and UK, yesterday reported first-quarter revenue rose 32.3% to $73.8 million with organic growth of 4.9%.
| (USD thousands) | Q1 2019 | Q1 2018 | % change | Organic change |
| Revenue | 73,829 | 55,791 | 32.3% | 4.9% |
| Gross profit | 12,118 | 11,581 | 4.6% | N/A |
| Gross margin | 16.4% | 20.8% | N/A | N/A |
| EBITDA | 3,111 | 1,756 | 77.1% | N/A |
| Net loss | 229 | -1,271 | N/A | N/A |
Brendan Flood, Chairman and Chief Executive Officer said, “The company’s first ever report of positive net income is a tremendous milestone for us. It’s a reflection of a major success point on the long road we’ve been on and heralds the beginning of a new chapter for Staffing 360 Solutions.”
In trading yesterday, Staffing 360 Solutions shares closed at $1.65, down 4.07% on the day and 44.74% above the 52 week low of $1.14 set on 20 June 2018. Based on its current share price the company has a market value of $13.60 million.