Staffing 360 Solutions reported Q3 2024 revenue of $46.1 million, down 6.9% year-over-year. Gross profit decreased 19.6% to $6.2 million, with gross margin declining from 15.5% to 13.4%. The company posted a net loss of $2.8 million, improved from a $4.3 million loss in Q3 2023.Commercial Staffing revenue fell 19.1% YoY, while Professional Staffing revenue grew 4.3%. Operating expenses decreased 18.4% to $7.5 million due to workforce reductions. The company ended the quarter with $1.5 million in cash and $19.8 million in total debt.Staffing 360 faces liquidity challenges, with a $48.8 million working capital deficit and $134.4 million accumulated deficit as of September 28, 2024. The company is working to address Nasdaq listing compliance issues and has until December 31, 2024 to meet certain milestones to maintain its listing.

Staffing 360 Solutions reported Q3 2024 revenue of $46.1 million, down 6.9% year-over-year. Gross profit decreased 19.6% to $6.2 million, with gross margin declining from 15.5% to 13.4%. The company posted a net loss of $2.8 million, improved from a $4.3 million loss in Q3 2023.Commercial Staffing revenue fell 19.1% YoY, while Professional Staffing revenue grew 4.3%. Operating expenses decreased 18.4% to $7.5 million due to workforce reductions. The company ended the quarter with $1.5 million in cash and $19.8 million in total debt.Staffing 360 faces liquidity challenges, with a $48.8 million working capital deficit and $134.4 million accumulated deficit as of September 28, 2024. The company is working to address Nasdaq listing compliance issues and has until December 31, 2024 to meet certain milestones to maintain its listing.