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Barrett Q1: PEO service fees up while staffing revenue falls

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First-quarter revenue rose 6.7% at Barrett Business Services Inc. (NASD: BBSI), a Vancouver, Wash.-based provider of PEO and staffing services. PEO service fees rose 9.7%; however, staffing revenue fell 7.3%.

(US$ thousands) Q1 2018 Q1 2017 % change Revenue $223,975 $209,997 6.7% Gross margin $16,262 $10,450 55.6% Gross margin percentage 7.3% 5.0%   Net loss ($9,123) ($11,227) nm

The company noted it historically incurs losses in the first quarter due to the higher effective payroll taxes at the beginning of the

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