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

(expense) of $14 and $(456) for the

years ended September 30, 2007 and 2006,

respectively (1,612) 737

Income from disposal, net of tax benefit

(expense) of $43 and $(2,825) for the years

ended September 30, 2007 and 2006,

respectively 293 4,553

(Loss) income from discontinued operations (1,319) 5,290

Net loss (4,693) (13,247)

(LOSS) EARNINGS PER SHARE - BASIC & DILUTED

Loss from continuing operations $(0.17) $(0.96)

(Loss) income from discontinued operations (0.07) 0.27

Net (loss) earnings per share $(0.24) $(0.69)

WEIGHTED AVERAGE BASIC AND DILUTED SHARES

OUTSTANDING 19,288 19,278

TEAMSTAFF, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(AMOUNTS IN THOUSANDS)

September 30, September 30,

ASSETS 2007 2006

CURRENT ASSETS:

Cash and cash equivalents $592 $2,157

Accounts receivable, net of allowance for

doubtful accounts of $17 and $44 as of

September 30, 2007 and 2006, respectively 8,279 8,340

Prepaid workers' compensation 468 1,094

Assets held for sale 490 -

Other current assets 642 923

Total current assets 10,471 12,514

EQUIPMENT AND IMPROVEMENTS:

Furniture and equipment 3,276 3,2
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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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