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TeamStaff Reports Fourth Quarter and Fiscal 2007 Results; Posts Fourth Quarter Income From Operations
Date:1/15/2008

(unaudited) (unaudited)

REVENUES $16,504 $17,431

DIRECT EXPENSES 13,470 14,629

Gross profit 3,034 2,802

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 2,904 3,290

DEPRECIATION AND AMORTIZATION 87 95

Income (loss) from operations 43 (583)

OTHER INCOME (EXPENSE)

Interest income 16 37

Interest expense (36) (56)

Other income 21 47

Legal expense related to pre-acquisition

activity of acquired company (433) -

(432) 28

Loss from continuing operations before

income tax (389) (555)

INCOME TAX BENEFIT (EXPENSE) 15 (16,641)

Loss from continuing operations (374) (17,196)

LOSS FROM DISCONTINUED OPERATIONS:

Loss from operations, net of tax benefit of

$0 and $8 for the quarters ended September

30, 2007 and 2006, respectively (1,653) (12)

Income (loss) from disposal, net of tax

benefit of $91 and $2 for the quarters ended

September 30, 2007 and 2006, respectively 91 (3)

Loss from discontinued operations (1,562) (15)

Net loss (1,936) (17,211)

(LOSS) EARNINGS PER SHARE - BASIC & DILUTED

Loss from continuing operations $(0.02) $(0.
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SOURCE TeamStaff, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13

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