ShiftPixy (PIXY) Reports Q2 Loss of $0.01/Share

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ShiftPixy, Inc. Reports Fiscal 2019 Second Quarter Results

April 15, 2019 8:01 AM EDT

IRVINE, Calif., April 15, 2019 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based technology company that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced operating results for the three months ended February 28, 2019 (2019 Second Quarter).

2019 Second Quarter Highlights

Gross billings grew 70% to $82.5 million, compared to $48.6 million for the fiscal 2018 second quarter; gross billings increased sequentially 16% from $70.9 million in the prior quarter.Revenues increased 67% to $13.2 million, compared to $7.9 million for the second quarter of... More