BG Staffing (BGSF) Swings to Q1 Profit; Plans 636.5k Equity Placement
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BG Staffing Announces Anticipated $7.0 Million in Equity Financing from Shelf Registration
May 5, 2015 8:56 AM EDTPLANO, Texas, May 5, 2015 /PRNewswire/ -- BG Staffing, Inc. (NYSE MKT: BGSF), a national provider of temporary staffing services across a diverse set of industries, today announced that it expects to enter into subscription agreements with certain investors to sell an aggregate of 636,500 shares of its common stock in a registered shelf offering for gross proceeds of approximately $7,000,000, before deducting placement agent fees and estimated offering expenses. The shares are being offered at a price of $11.00 per share.
Taglich Brothers,... More
BG Staffing, Inc. Announces Q1 2015 Financial Results
May 5, 2015 8:55 AM EDTPLANO, Texas, May 5, 2015 /PRNewswire/ -- BG Staffing, Inc. (NYSE MKT: BGSF), a rapidly growing national provider of temporary staffing services, today reported financial results for its quarter ended March 29, 2015.
Q1 2015 Overview
In fiscal March, we completed our sixth acquisition (D&W Talent, LLC) thereby expanding our service offerings into a new business segment finance and accounting. We paid our first dividend of $0.15 per share. Quarterly revenue exceeded Q1 2014 by $1.8 million, and margins increased by 0.6%."We continued to make important... More
