Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.25.0.1
Segment Data
3 Months Ended
Dec. 31, 2024
Segment Data

16. 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,

 

 

 

2024

 

 

2023

 

Industrial Staffing Services

 

 

 

 

 

 

Contract services revenue

 

$ 2,001

 

 

$ 2,494

 

Contract services gross margin

 

 

18.5%

 

 

16.0%

Loss from operations

 

$ (9 )

 

$ (36 )

Depreciation and amortization

 

 

2

 

 

 

12

 

 

 

 

 

 

 

 

 

 

Professional Staffing Services

 

 

 

 

 

 

 

 

Permanent placement revenue

 

$ 2,511

 

 

$ 3,055

 

Permanent placement services gross margin

 

 

100.0%

 

 

100.0%

Contract services revenue

 

$ 21,514

 

 

$ 25,082

 

Contract services gross margin

 

 

25.2%

 

 

25.0%

Income from operations

 

$ 694

 

 

$ 29

 

Depreciation and amortization

 

 

260

 

 

 

792

 

 

 

 

 

 

 

 

 

 

Unallocated Expenses

 

 

 

 

 

 

 

 

Corporate administrative expenses

 

$ 1,120

 

 

$ 1,287

 

Corporate facility expenses

 

 

121

 

 

 

112

 

Share-based compensation expense

 

 

118

 

 

 

153

 

Board related expenses

 

 

107

 

 

 

115

 

Total unallocated expenses

 

$ 1,466

 

 

$ 1,667

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

Total revenue

 

$ 26,026

 

 

$ 30,631

 

Loss from operations

 

 

(781 )

 

 

(1,674 )

Depreciation and amortization

 

 

262

 

 

 

804