Revenue Update on Staffing 360 Solutions Inc(NASDAQ:STAF)

Staffing 360 Solutions Inc(NASDAQ:STAF) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Aug 29, 2016. Company reported revenue of $44.36M. Analysts estimated a revenue of $44.31M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.24.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2015, Robert Oscar Mayer (director) purchased 705 shares at $1.00 per share price.Also, On Jan 22, 2015, Jeff R. Mitchell (CFO) purchased 10,000 shares at $0.00 per share price.

Staffing 360 Solutions Inc. is an international staffing company. The Company is engaged in acquisition of the United States (U.S.) and the United Kingdom (U.K.) based staffing companies. The Company’s business model is based on finding and acquiring suitable mature operating domestic and international staffing companies. It is focused on the accounting and finance information technology (IT) engineering administration and light industrial sectors. In furthering its business model the Company is in discussions and negotiations with various suitable and mature acquisition targets. The Company has five operating entities which include Control Solutions International Inc. (CSI) Staffing (UK) Poolia UK Ltd. (Poolia UK) PeopleSERVE Inc. (PSI) and around 49% of PeopleSERVE PRS Inc. (PRS). In addition Lighthouse Placement Services LLC is its operating business which specializes in placing professionals in the engineering pharmaceutical biotechnology and IT sectors.

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