Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.24.0.1
Segment Data
 3 Months Ended
Dec. 31, 2023
Segment Data

13. 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 and office, engineering, and medical, and (c) temporary industrial staffing. These services can be divided into two reportable segments: Professional Staffing Services and Industrial Staffing Services. Some selling, general and administrative expenses are not fully allocated among these segments.

 

Unallocated corporate expenses primarily include certain executive and administrative salaries and related expenses, corporate legal expenses, share-based compensation expenses, consulting expenses, audit fees, corporate rent and facility costs, Board related fees, acquisition, integration and restructuring expenses, and interest expense.

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Industrial Staffing Services

 

 

 

 

 

 

Contract services revenue

 

 $ 2,494

 

 

 $ 3,618

 

Contract services gross margin

 

 

 16.0%

 

 

 15.5%

Income (loss) from operations

 

 $ (36)

 

 $ 5

 

Depreciation and amortization

 

 

 12

 

 

 

 15

 

 

 

 

 

 

 

 

 

 

Professional Staffing Services

 

 

 

 

 

 

 

 

Permanent placement revenue

 

 $ 3,055

 

 

 $ 5,747

 

Placement services gross margin

 

 

 100.0%

 

 

 100.0%

Contract services revenue

 

 $ 25,082

 

 

 $ 31,783

 

Contract services gross margin

 

 

 25.0%

 

 

 25.4%

Income from operations

 

 $ 29

 

 

 $ 2,554

 

Depreciation and amortization

 

 

 792

 

 

 

 806

 

 

 

 

 

 

 

 

 

 

Unallocated Expenses

 

 

 

 

 

 

 

 

Corporate administrative expenses

 

 $ 1,287

 

 

 $ 1,231

 

Corporate facility expenses

 

 

 112

 

 

 

 110

 

Share-based compensation expense

 

 

 153

 

 

 

 374

 

Board related expenses

 

 

 115

 

 

 

 82

 

Total unallocated expenses

 

 $ 1,667

 

 

 $ 1,797

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

Total revenue

 

 $ 30,631

 

 

 $ 41,148

 

Income (loss) from operations

 

 

 (1,674)

 

 

 762

 

Depreciation and amortization

 

 

 804

 

 

 

 821