ShiftPixy, Inc. Reports Unaudited Consolidated Earnings Results for the Three Months Ended November 30, 2017; Provides Revenue Guidance for the Second Quarter Ending February 28, 2018
January 22, 2018 at 04:05 pm
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ShiftPixy, Inc. reported unaudited consolidated earnings results for the three months ended November 30, 2017. For the three months, the company reported revenues of $6,511,919 against $5,681,676 a year ago. Net loss was $3,341,217 against net income of $378,099 a year ago. Basic and diluted net loss per common share available to common shareholders was $0.12 against earnings of $0.01 a year ago.
Based on the company's preliminary development of financial statements for the second quarter ending February 28, 2018, the company currently expects gross billings for fiscal second quarter 2018 to be in the range of $60 million to $65 million, which at the midpoint would represent a sequential increase of 55.6% over the fiscal first quarter 2018. The company's expectations may change as the company continues development of the company's financial statements for the quarter.
ShiftPixy, Inc. is a specialized human capital service provider that provides solutions for contingent part-time workforce demands, primarily in the restaurant and hospitality service trades. It provides payroll and related employment tax processing, human resources, employment compliance, insurance related, and operational employment services solutions for its business clients (clients or operators) and shift work (gig) opportunities for worksite employees (WSEs or shifters). The services provided to its clients ranges from basic payroll processing to a suite of human resources information systems (HRIS) technology. It functions as an employment administrative services (EAS) provider through its subsidiary, ReThink Human Capital Management, Inc., as well as a staffing provider through another of its subsidiaries, ShiftPixy Staffing, Inc (Staffing). These subsidiaries provide a range of services to its clients, such as administrative services and workersâ compensation administration.
ShiftPixy, Inc. Reports Unaudited Consolidated Earnings Results for the Three Months Ended November 30, 2017; Provides Revenue Guidance for the Second Quarter Ending February 28, 2018
SHIFTPIXY, INC. 
