STAF OS 5.6m.
Staffing 360 Solutions (NASDAQ:STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and UK. On September last year, the company effected a 1-10 reverse stock split which upon completion would see the stock uplist and trade on the NASDAQ exchange. Since then, the company has had an impressive performance with a number of analysts initiating positive coverage on the stock.
The company has managed to sustain its momentum as it recently reached the halfway mark of its goal of achieving $300 million in annualized revenue by the end of FY16Q3. Revenue rose by 42 percent for the most recent quarter compared to the year ago period also managed to generate $2.2 million in operating cash flow during the first three quarters of the current fiscal year. It is in light of this solid growth that analysts at See ThruEquity gave the stock a price target of $5.65 which translates to upside potential of more than 150 percent from the current share price.
2014-06-30 2014-12-31 2015-06-30 2015-12-31 2016-06-30
Relevant Numbers (Semi-Annual)
Revenues 208.05 295.12 297.25 404.96 414.7
Revenue Growth (YOY) 11.12 28.89 42.87 37.22 39.51
Earnings 1.5 6.01 -0.55 3.63 9.9
Earnings Growth (YOY) -38.34 20.99 -136.82 -39.59 1893.48
Net Margin 0.72 2.04 -0.19 0.9 2.39
EPS 0.07 0.22 -0.02 0.12 0.39
Return on Equity 5.53 18.7 -1.68 10.46 25.39
Return on Assets 2.06 6.67 -0.52 2.89 7.69
"We are looking forward to sharing our latest financial results," stated Brendan Flood, Executive Chairman of Staffing 360 Solutions. "You'll notice we are having our earnings call after Labor Day this year, approximately one week from our financials, to ensure that our entire management team is available to speak and conduct Q&A. This year we achieved record levels of revenue and Adjusted EBITDA, we raised $5.3 million of equity utilizing our S-3 registration statement, completed two acquisitions and we uplisted to Nasdaq, all within the past 12 months. Investors are encouraged to dial-in and learn more about our annual results, M&A opportunities and our strategic growth initiatives as we continue to achieve new milestones."
The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million.
01/01/15 Matthew Briand,
Director, CEO and President 1,021,230 Other at $1.00 per share. $1,021,230 FYI reverse split 1 for 10 sept 2015.
Sabby bought 527,000 shares in April which is 5.5%.
CEO owner of 526,089 per Form 4.
