Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.20.1
Segment Data
6 Months Ended
Mar. 31, 2020
14. Segment Data

The Company provides the following distinctive services: (a) direct hire placement services, (b) temporary professional services staffing in the fields of information technology, accounting, finance, office, engineering, and medical, and (c) temporary light industrial staffing. These Company’s services can be divided into two reportable segments, Industrial Staffing Services and Professional Staffing Services. Some selling, general and administrative expenses are not fully allocated among light industrial services and professional staffing services.

 

Unallocated corporate expenses primarily include, certain executive compensation expenses and salaries, certain administrative salaries, corporate legal expenses, stock compensation expenses, consulting expenses, audit fees, corporate rent and facility costs, board fees, acquisition, integration and restructuring expenses, and interest expense.

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Industrial Staffing Services

 

 

 

 

 

 

 

 

 

 

 

 

Industrial services revenue

 

$ 4,471

 

 

$ 5,095

 

 

$ 10,126

 

 

$ 10,715

 

Industrial services gross margin

 

 

14.1 %

 

 

13.6 %

 

 

15.0 %

 

 

13.7 %

Operating (loss) income

 

$ (1,616 )

 

$ 82

 

 

$ (1,335 )

 

$ 337

 

Depreciation & amortization

 

$ 70

 

 

$ 66

 

 

$ 139

 

 

$ 130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional Staffing Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Permanent placement revenue

 

$ 4,416

 

 

$ 4,350

 

 

$ 8,895

 

 

$ 8,880

 

Placement services gross margin

 

 

100 %

 

 

100 %

 

 

100 %

 

 

100 %

Professional services revenue

 

$ 25,794

 

 

$ 26,732

 

 

$ 53,216

 

 

$ 55,125

 

Professional services gross margin

 

 

26.6 %

 

 

25.0 %

 

 

26.5 %

 

 

25.6 %

Operating income

 

$ 2,126

 

 

$ 1,413

 

 

$ 3,688

 

 

$ 3,632

 

Depreciation and amortization

 

$ 1,397

 

 

$ 1,432

 

 

$ 2,804

 

 

$ 2,843

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate administrative expenses

 

$ 2,415

 

 

$ 1,695

 

 

$ 3,744

 

 

$ 3,464

 

Corporate facility expenses

 

 

92

 

 

 

72

 

 

 

182

 

 

 

178

 

Stock Compensation expense

 

 

356

 

 

 

549

 

 

 

953

 

 

 

1,130

 

Total unallocated expenses

 

$ 2,863

 

 

$ 2,316

 

 

$ 4,879

 

 

$ 4,772

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$ 34,681

 

 

$ 36,177

 

 

$ 72,237

 

 

$ 74,720

 

Operating loss

 

 

(2,353 )

 

 

(821 )

 

 

(2,526 )

 

 

(803 )

Depreciation and amortization

 

 

 1,467

 

 

 

 1,498

 

 

 

 2,943

 

 

 

 2,973