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Command Center Inc. has announced its results for the thirteen week period ended July 1 2011

Command Center Inc. has announced its results for the thirteen week period ended July 1 2011

Command Center, Inc. the US based national provider of on-demand and temporary staffing solutions, has reported revenue of $20.30 million for the thirteen week period ended July 1, 2011. This represents an increase of 6.6% on revenue of $ 19.04 million for the thirteen-week period ended June 25, 2010.

Excluding the effect of revenue derived from short-term disaster recovery projects, core revenue increased by $4.5 million - or 29.1% - in the second quarter of 2011 compared to the second quarter of 2010. The company had significant disaster work in the second quarter of 2010 resulting from the Gulf Coast oil spill.

For the quarter ending July 1, 2011, the company reported net income of $669,742, or $.01 per share, based on 61.77 million basic and diluted weighted average shares outstanding. For the comparable year-ago period, the company reported net income of $336,123, or $.01 per share, based on 47.42 million basic and diluted weighted average shares outstanding.

For the twenty-six week period ended July 1, 2011, Command Center reported total revenue of $36.68 million, an increase of 23% on revenue of $30.94 million in the comparable year-ago period. Net loss for the six months was $1.63 million, or ($0.03) per share, based on 56.18 million weighted average shares outstanding, compared to a net loss of $1,376,955, or ($0.03) per share, based on 42.45 million weighted average shares outstanding in the same period last year.

The company said SG&A expenses were $3.97 million, or 19.6% of revenue, in the second quarter of 2011, versus $3.39 million, or 17.8% of revenue, in the previous year’s quarter. Gross profit margin in the second quarter was 22.5% - versus 26.5% in the like year-ago period – and had improved from 19.6% in the first quarter of 2011.

“We are pleased that margins improved in the second quarter along with rising revenue,” said Command Center Chairman and CEO Glenn Welstad, “The company is in a good spot at this time in the economic recovery, and we expect these positive trends to continue. We believe Command is positioned for significant growth in the second half of this year and beyond.”

Mr. Welstad noted that the nation’s economic downturn had caused a shift in the company’s business mix, with the reduction in higher margin construction work creating pressure on the company’s margins. He said Command’s current sales efforts are “focused on securing higher-margin business opportunities, including oil–related work in the Bakken Shale Region of North Dakota, disaster relief and restoration activity in those areas devastated by recent tornados and flooding, and larger-scale jobs from national accounts.”

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