123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Hardware-Software >> View Article

Shiftpixy Revenue Up 51% In Fiscal Q1, But Net Loss Edges Higher

Profile Picture
By Author: Spotlight Data
Total Articles: 16
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

ShiftPixy Inc. (NASDAQ: PIXY) — which earlier this month announced the sales of its PEO business — reported revenue rose 50.8% in its fiscal first quarter ended Nov. 30, according to a filing on Tuesday with the US Securities and Exchange Commission.

The Irvine, California-based firm reported gross margin narrowed and net loss edged higher.

(US$ thousands) Q1 2020 Q1 2019 % change
Net revenue $15,866 $10,520 50.8%
Gross profit $3,314 $3,386 -2.1%
Gross margin 20.9% 32.2%
Net loss ($2,556) ($2,246) nm
ShiftPixy’s PEO operations represented 60% of its business, and the sale was announced Jan.
9 after the close of the first quarter. The company said it plans to focus on its staffing/technology model serving the quick-service restaurant and staffing industries. The company had also, in December, conducted a one-for-40 reverse stock split.

In Tuesday’s SEC filing, ShiftPixy reported that first-quarter revenue rose because of an increased number of worksite employees. Average billed employees increased 44% over fiscal 2019 and the average revenue per worksite employee rose approximately 6%.


Share price and market cap
Shares in ShiftPixy were down 2.14% to $15.17 as of 11:44 a.m. Eastern time; the company had a market cap of $14.18 million, according to FT.com.


KEYWORDS: Staffing analytics,Revenue analytics,Predictive staffing,Predictive Recruiting,Business Intelligence for Staffing,
Business Intelligence for Recruiters,Business Intelligence Dashboard,Revenue Intelligence Dashboard,Analytics for staffing industry,Data analytics for staffing industry,Big data for staffing industry,Dashboard BI,BI Tool for staffing,BI Reporting Tool,Data Analytics Reporting Tool,BI Dashboard,Metrics and KPI,Data Analytics,Big Data,Why is Data Analytics important,Big data software for staffing industry,Alternative to Microsoft Power BI,Sales Analytics,Performance analytics,Visual report generator
Inside sales management,Effectiveness and efficiency,Effectiveness vs efficiency,Sales Dashboard,Forecasting tool,Win rate calculator,Hire rate calculator,Grow company,Staffing Metrics,
Hiring Metrics

Source: https://www.spotlightdata.co/2020/02/shiftpixy-revenue-up-51-in-fiscal-q1-but-net-loss-edges-higher-52535/

More About the Author

Spotlight Data is the leader in data analytics for staffing companies. Improve your staffing metrics with a custom predictive staffing, revenue performance analytics, and business intelligence tool with real-time goal tracking and forecasting. Start your free trial or get a demo today.

Total Views: 45Word Count: 253See All articles From Author

Add Comment

Hardware/Software Articles

1. 4 Tips For Knowledge Base Content
Author: Maulik Shah

2. Magically Remove Objects, Watermarks Or Expand Field Of View In Videos
Author: Mike pound

3. What Are The Different Steps In An Agile Testing Life Cycle?
Author: Michael

4. Everything You Need To Know About Door Locks & Hardware
Author: Park Avenue Locks

5. The Need For Enterprises To Shift To Quality Engineering
Author: Cigniti

6. How, Where, & When To Find An App Developer For Your Business
Author: Syeda Umama

7. Best Gmail Backup Tool Review
Author: Muzahid Sabbir

8. Top Erp Testing Challenges Faced By The Enterprises
Author: Michael

9. Encrypt Any Data With Secure It File, Folder Encryption Software
Author: Cypherix Software

10. Encrypt Your Files And Folders With Cryptainer Le Free Encryption Software
Author: Cypherix Software

11. Different Types Of Computer Software Applications
Author: David Barton

12. How To Develop An App: 5 App Development Best Practices To Follow In 2020
Author: Syeda Umama

13. What Is Learning Management School? How Does It Work?
Author: Sourav Sen

14. How To Choose The Best Company For Mobile App Development?
Author: Lekha Mishra

15. How To Find And Hire A Programmer To Build Your App?
Author: Syeda Umama

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: