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Staffing 360 first-quarter revenue up 37%, bolstered by acquisitions

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Staffing 360 Solutions Inc. (NASD: STAF), a staffing provider operating in the US and UK, reported first-quarter revenue rose 37.0%, which includes $17.9 million in acquisitions completed in September 2017 and $800,000 in favorable foreign currency translation.

(US$ thousands) Q1 2018 Q1 2017 % change Revenue $55,791 $40,712 37.0% Gross profit $11,581 $7,326 58.1% Gross margin  20.8% 18.0%   Net loss ($1,271) ($3,081) nm

Net loss narrowed to $1.3 million from a net loss of $3.1 million in the year-ago quarter.


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