Staffing 360 Solutions pre-announces record Q1 revenue of $47m
Staffing 360 Solutions, Inc. has announced that it expects the Company's reported revenue for the fiscal first quarter ended 31st August 2016 to reach a record of approximately $47m, an increase of over 30% compared to approximately $36m of revenue reported in the same period last year.
The Company expects to announce its comprehensive financial results for the fiscal quarter ended 31st August 2016 via press release and Form 10-Q before the SEC filing deadline in mid-October, along with an earnings conference call.
Brendan Flood (pictured), executive chairman of Staffing 360 Solutions, said, "After having just announced our strongest year-end results in our corporate history, we are thrilled to report a quarter that exceeds our revenue records yet again.
"Reaching $47 million in revenue is a significant milestone. We are now on a trajectory of roughly $190 million in annualized revenue, and our organic growth continues to improve our quarterly metrics. This will be the single largest quarterly revenue figure in the Company's history."
Matt Briand, president and CEO of Staffing 360 Solutions, remarked, "The dedication and hard work of our employees across our six acquisitions have made this significant growth a reality. We look forward to sharing more details shortly when we announce our full results in October."