Reports Q2 revenue $62M vs $59M last year. “The second quarter was one of heightened uncertainty in the employment sector, with clients remaining extremely cautious about their headcount needs and expenditures. As a result, we are facing many of the same challenges as other staffing firms, especially in the area of light industrial. At the same time, workers compensation costs and a weaker permanent placement/direct hire market have contributed to softer margins,” said Brendan Flood, Chairman, CEO and President.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on STAF:
- Staffing 360 Solutions Reports Second Quarter and Six-Month 2023 Financial Results
- Staffing 360 Solutions gets Nasdaq notice of potential delisting
- Staffing 360 Solutions Receives Nasdaq Notification of Potential Delisting for Non-Compliance with Listing Rule 5250(c)(1)
- Staffing 360 Solutions Reports First Quarter 2023 Financial Results
- Staffing 360 Solutions Board adopts stockholder rights plan
