BGSF Q2 Revenue Drops to $22.3M on Lower Billable Hours, Posts $0.02 Adjusted Loss
BGSF sits 74% above its 52-week low of $3.25.
Summary
BGSF reported fiscal Q2 revenue of $22.31 million, down year-over-year due to fewer billable hours. Adjusted loss per share narrowed to $0.02 from a prior-year loss, helped by cost reductions and streamlining after the INSPYR transition services agreement ended. The company expects Q3 to benefit from these cuts and seasonal strength, but the core revenue driver remains weak. With a market cap around $60 million, the top-line miss and soft demand signal ongoing pressure in workforce solutions.
At the time of this announcement, BGSF was trading at $5.64 on NYSE in the Trade & Services sector, with a market capitalization of approximately $60.4M. The 52-week trading range was $3.25 to $8.22. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.