LTNC BIG BREAKOUT TODAY!
Company reported Record Revenue, up 86% YOY to 16 million
Record Margins
and Today RECORD VOLUME
Obama Care helping this Stock, a MUST MUST BUY!!
HIRAM, GA--(Marketwired - Nov 20, 2013) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to recap third quarter and Year-To-Date progress and results.
As previously reported in the Company's 3rd quarter filing with the SEC, Labor SMART, Inc. produced revenues of $5,345,172 which reflected a 148% increase in revenues on a year over year comparison. Additionally, same branch operations with at least one year of maturity saw an aggressive 86% increase in revenue production on the same year over year comparison. Year-To-Date for the first nine months of 2013 realized $11,886,084 in revenues reflecting a very impressive increase of 136%.
Equally impressive, the Company saw gross margins improve by 12.79% in the 3rd quarter going from 15.09% in Q2 2013 to 17.02%. The company expects this trend to continue over the long term as they implement their strategic growth plan which projects the Company to hit a target of 22% gross margins by year end 2014.
The Company has also seen a 150% increase in branch expansion going from 6 to 15 branches in 2013 and an explosive increase in their client base.
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