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TeamStaff Reports Fourth Quarter and Fiscal 2007 Results; Posts Fourth Quarter Income From Operations


2007 2007 2007

Unaudited Unaudited

Revenue $33,117 $33,765 $66,882

Gross Profit 6,010 5,020 11,030

Gross Profit % 18.1% 14.9% 16.5%

Selling, General, & Administrative

Expenses 6,035 6,679 12,714

Fee Income 60 93 153

Operating EBITDA 35 (1,566) (1,531)

Depreciation & Amortization 172 177 349

EBIT (137) (1,743) (1,880)

Legal Expense - Pre-acquisition

activity (1,486) - (1,486)

Interest Expense, Net (57) (74) (131)

Loss from continuing operations

before income tax (1,680) (1,817) (3,497)

Income Tax Benefit 15 108 123

Loss from Continuing Operations ($1,665) ($1,709) (3,374)

EPS from Continuing Operations ($0.08) ($0.09) ($0.17)

Weighted Average Basic and Diluted

Shares Outstanding 19,320 19,249 19,288

* EBITDA is defined as earnings before interest, taxes, depreciation and


** EBIT is defined as earnings before interest and taxes

This press release includes certain non-GAAP financial measures. TeamStaff's management does not suggest that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial measures, such as net income, cash flow data or other financial information presented in the consolidated

SOURCE TeamStaff, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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