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Analysts International Corp. (NASD: ANLY) reported fourth-quarter revenue fell 6.0 percent to $25.5 million from $27.1 million in the fourth quarter of the previous year. The decrease was within guidance. The Minneapolis-based IT staffing firm had estimated a decline in revenue of 2 percent to 6 percent.
“Fourth quarter revenue and earnings were in line with our forecast, coming in at the low end of our guidance as we closed out a year of significant challenge and change,” President and CEO Brittany McKinney said. “In 2012, we strengthened our team by hiring a new chief financial officer and experienced sales leadership. In addition, we continued to invest in our go-to-market approach to build sustainable, recurring revenue streams.”
Fourth-quarter gross margin narrowed to 21.7 percent from 24.8 percent in the year-ago quarter.
Net income tumbled 80.7 percent to $244,000 in the fourth quarter from approximately $1.3 million in the same period in the previous year.
Analysts International had a market capitalization of $18.09 million, according to Yahoo.
Analysts International Corp. (NASD: ANLY)
For the fourth quarter ended Dec. 29, 2012, compared with the previous year.
Revenue: $25.5 million, -6.0 percent
Net income: $244,000, -80.7 percent
For the 2012 fiscal year ended Dec. 29, 2012, compared with the previous year.
Revenue: $105.8 million, -3.0 percent
Net income: $330,000, -90.0 percent