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Stock impact report

BGSF, Inc. Reports Third Quarter 2024 Financial Results

BGSF, Inc. (BGSF) 
NASDAQ:AMEX Investor Relations: bgstaffing.investorroom.com
Company Research Source: Business Wire
PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for the third fiscal quarter ended September 29, 2024.Q3 2024 Highlights (results include sequential comparisons to Q2 2024):Revenues were $71.2 million for Q3, compared to $68.1 million for Q2.Property Management segment revenues increased 15.9% from Q2, driven by seasonal demand.Professional segment revenues declined 2.5% from Q2, due to a decline in billed hours in the Finance & Accounting division.Gross profit was $24.3 million, up from $23.6 million in Q2, primarily due to higher sales in Property Management.Net loss was $0.8 million, or $0.07 per diluted share for Q3 and Q2.Adjusted EBITDA1 was $3.2 million (4.5% of revenues) in Q3 from $2.6 million (3.8% of revenues) in Q2.Adjusted EPS1 was $0.10 for Q3 compared with $0.07 for Q2.Launched advanced lead generation technology, which generated signifi Show less Read more
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