Staffing 360 Solutions (STAF) Misses Q4 EPS by 26c, Revenues Miss

Staffing 360 Solutions (NASDAQ: STAF) reported Q4 EPS of ($0.29), $0.26 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $74.1 million versus the consensus estimate of $80 million.

• Revenue grew by 24.6% to $74.1 million, from $59.5 million in Q4 ’17
• Gross profit grew by 3.6% to $12.3 million, from $11.9 million in Q4 ’17
• Gross margin was 16.7% compared with 20% in Q4 ’17
• Income from operations of $1.3 million compared with a loss from operations of $5.4 million in Q4 ’17
• Net loss of $1.4 million compared with net loss of $7.3 million in Q4 ’17
• EBITDA of $2.0 million compared with EBITDA loss of $3.3 million in Q4 ’17
• Adjusted EBITDA of $2.8 million was flat compared to Q4 ’17
• EPS loss of ($0.29) compared with a loss of ($2.20) per share in Q4 ’17

Brendan Flood, Chairman and Chief Executive Officer said, “2018 was a very successful year by any standard. We continue to grow…we continue to improve already positive EBITDA and Adjusted EBITDA…and we continue to march toward net profit, which we expect to happen in the current year.”

For earnings history and earnings-related data on Staffing 360 Solutions (STAF) click here.

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