Staffing 360 Solutions releases transcript of earnings call
During the conference call Brendan Flood, Staffing 360's Executive Chairman, stated, "During fiscal Q1 last year, we had a single acquisition under our belt, Cyber 360 Solutions. Since then, we have completed four additional acquisitions... This has fueled our expansion from approximately $1 million in revenue in fiscal Q1 2014, to over $33 million in fiscal Q1 2015."
Mr. Flood continued, "We are fully committed to becoming profitable as soon as possible. Our expectation is that we will move into profitability on an adjusted EBITDA basis during fiscal 2015&hellip We also aim to uplist to a senior exchange. On this front, we just announced our application to NASDAQ and we believe that we qualify for the alternative bid price requirement, which allows us to uplist at $2.00."
Throughout the conference call Staffing 360 Solutions' management talked about the Company's five acquisitions, its growth strategy, the team's "Pathway to Profitability," and full detail surrounding the financial results for the fiscal quarter ended August 31, 2014.
Interested parties are encouraged to read the full transcript of the conference call, which is available here:
Staffing 360 Solutions, Inc. (OTCQB: STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT and cybersecurity industries. The Company believes the staffing industry offers opportunities to create a successful public company with a longer term objective of accretive acquisitions that will drive annual revenues to $300 million.