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Butler posts wider loss

April 04 2008

Butler International Inc., a Fort Lauderdale FL-based technical staffing and services firm, reported a net loss of $2.3 million in 2007, which included a $3.0 million income tax expense that was primarily non-cash. Butler posted a net loss of $471,000 in 2006.

Revenue also fell 2.9% in 2007 to $312.8 million from $322.0 million in 2006. Gross margin, however, improved to 18.7% from 17.9%.

Butler International Inc. (OTCBB: BUTL.PK)
For full-year 2007 ended Dec. 30, 2007, compared with the previous year.
Revenue: $312.8 million, -2.9%
Net loss: $2.3 million vs. net loss of $471,000

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