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Source2, a Winter Park, Fla.-based staffing provider, reported third-quarter revenue rose 10.8 percent to $4.2 million from $3.8 million in the same period last year.
However, third-quarter gross margin slipped to 20.9 percent from 23.2 percent in the year-ago quarter.
The company posted net income of $94,860, up from $32,801 in the third quarter of 2011.
For the third quarter ended Sept. 30, 2012, compared with the same period in 2011.
Revenue: $4.2 million, +10.8 percent
Net income: $94,860, +189.2 percent