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Stock impact report

Staffing 360 Solutions Reports Fiscal 2019 Third Quarter and Nine-Month Financial Results

Staffing 360 Solutions, Inc. (STAF) 
NASDAQ:AMEX Investor Relations: staffing360solutions.com/investors.html
Company Research Source: GlobeNewswire
NEW YORK, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal 2019 third quarter and nine-month results. Q3 2019 Highlights Revenue declined by 5.6% to $67.3 million, from $71.3 million in Q3 '18, driven primarily by the loss of a low margin client in the U.K. and unfavorable foreign currency translation impact of $1.5 millionGross profit of $12.5 million was flat compared with Q3 '18Gross margin improved to 18.5% compared with 17.5% in Q3 '18 driven by higher mix of permanent placement revenueIncome from operations of $0.3 million as compared with $0.7 million in Q3 '18Net loss of $1.1 million improved against a net loss of $2.0 million in Q3 '18EBITDA grew 54% to $1.8 million, from $1.2 million in Q3 '18Adjusted EBITDA grew 16.2% to $2.9 mi Show less Read more
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