TEAMSTAFF, INC. AND SUBSIDIARIES | |||||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||||
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) | |||||
(Unaudited) | |||||
For the Six Months Ended | |||||
March 31, | March 31, | ||||
2010 | 2009 | ||||
REVENUES | $ 20,588 | $ 23,485 | |||
DIRECT EXPENSES | 18,257 | 19,648 | |||
GROSS PROFIT | 2,331 | 3,837 | |||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 3,489 | 3,123 | |||
OFFICER SEVERANCE | 310 | - | |||
DEPRECIATION AND AMORTIZATION | 53 | 55 | |||
(Loss) income from operations | (1,521) | 659 | |||
OTHER INCOME (EXPENSE) | |||||
Interest income | 5 | 32 | |||
Interest expense | (53) | (51) | |||
Other income, net | 2 | 5 | |||
Legal expense related to pre-acquisition activity of | |||||
acquired company | (57) | (12) | |||
(103) | (26) | ||||
(Loss) income from continuing operations before taxes | (1,624) | 633 | |||
INCOME TAX EXPENSE | (10) | (11) | |||
(Loss) income from continuing operations | (1,634) | 622 | |||
LOSS FROM DISCONTINUED OPERATION | |||||
Loss from operations | (810) | (1,133) | |||
Loss from disposal | (349) | - | |||
Loss from discontinued operation | (1,159) | (1,133) | |||
NET LOSS | $ (2,793) | $ (511) | |||
(LOSS) EARNINGS PER SHARE - BASIC | |||||
(Loss) income from continuing operations | $ (0.33) | $ 0.13 | |||
Loss from discontinued operation | (0.23) | (0.23) | |||
Net loss per share | $ (0.56) | $ (0.10) | |||
(LOSS) EARNINGS PER SHARE - DILUTED | |||||
(Loss) income from continuing operations | $ (0.33) | $ 0.12 | |||
Loss from discontinued operation | (0.23) | (0.22) | |||
Net loss per share | $ (0.56) | $ (0.10) | |||
WEIGHTED AVERAGE BASIC SHARES OUTSTANDING | 4,985 | 4,903 | |||
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING | 4,985 | 5,168 | |||
