Labor Smart Inc (LTNC)

[sobe4life]

Why is it that we are afraid to admit that as a start-up growth company Labor SMARt is doing a fantastic job? Anyone with a business degree, who knows how to do research and due diligence can plainly see this.

Once again I continuously read "half the real story".

cpw13154

Well as the last set of revenue figures showed that same store numbers were stagnant Really all this talk and there was a 2 % increase year to year. That's the huge increase? LOL

The real story:

HIRAM, GA, Sep 03, 2014 (Marketwired via COMTEX) -- Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced that the Company continued to post record revenue for August, even as it culled a large amount of revenue from its book of business in July. Additionally, the Company announced that Year-to-Date revenue for 2014 has exceeded $16,000,000.
Company-wide revenue for the five week month ended August 29, 2014 was $2.641 million, a 25.22% increase compared to August 2013 revenue of $2.109 million. Among the 14 branches open one year or more at August 29, 2014 revenue was up two percent, affected by the culling of low margin and high risk business in July that represented a year-over-year reduction of $375,968 during the month of August.

"In August we continued to transition Labor SMART into a stronger company as a result of our becoming substantially self-insured in 14 states. Our revenue growth continues, as well as very aggressive year-over-year gross margin improvements of more than 500 basis points for the month of August."

Labor SMART has already met its 2013 revenue numbers within the first 8 months of 2014 with another 4 months to go. This is also with the company consolidating its core business by transitioning from high risk/low margin business to low risk/high margin business.

This is exactly what you want to see with a company that is looking to drop income to the bottom line. Profits start with the margins. Basic business 101!

A good education and real work experience would teach us how start-up companies run during their first 5 years!