Staffing 360 Solutions, Inc. (STAF) [Rocket]

Overview

Staffing 360 Solutions, Inc. (STAF)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
10/02/2023	8-A12B	Form 8-A12B - Registration of securities [Section 12(b)]:
10/02/2023	8-K	Quarterly results
09/29/2023	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
08/25/2023	3	Rscube Investment, LLC (10% Owner) has filed a Form 3 on Staffing 360 Solutions, Inc.
08/18/2023	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
08/10/2023	SC 13D	Rscube Investment, LLC reports a 7.5% stake in Staffing 360 Solutions, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Jan-01-22	Jan-02-21	Dec-28-19	Dec-29-18	Dec-30-17	May-31-16	May-31-15
Revenues	244.9	197.8	204.5	278.5	260.9	192.7	165.6	128.8
Revenue growth	23.8%	-3.3%	-26.6%	6.7%	35.4%		28.5%	212.7%
Cost of goods sold	202.1	163.9	169.7	230.2	212.6	155.9	136.5	106.3
Gross profit	42.8	33.9	34.8	48.3	48.3	36.7	29.0	22.5
Gross margin	17.5%	17.1%	17.0%	17.3%	18.5%	19.1%	17.5%	17.5%
Selling, general and administrative	43.2	35.3	37.5	44.3	43.6	32.8	29.7	25.7
EBITA	-1.0	-1.9	-3.2	3.3	4.7	2.7	-0.9	-4.2
EBITA margin	-0.4%	-1.0%	-1.5%	1.2%	1.8%	1.4%	-0.5%	-3.3%
Amortization of intangibles	2.5	2.3	2.5	2.7	2.8	3.2	2.6	2.6
EBIT	-3.5	-4.2	-5.7	0.6	1.9	-0.4	-3.5	-6.8
EBIT margin	-1.4%	-2.1%	-2.8%	0.2%	0.7%	-0.2%	-2.1%	-5.3%
Pre-tax income	-17.2	7.8	-15.7	-5.2	-6.5	-17.6	-8.4	-17.6
Income taxes	-0.2	-0.4	-0.1	-0.3	0.0	0.9	0.0	-0.1
Tax rate	1.3%		0.6%	6.4%				0.3%
Earnings from continuing ops	-17.0	3.2	-23.7	-7.4	-7.0	-20.7	-8.6	-18.0
Earnings from discontinued ops								0.0
Net income	-17.0	3.2	-23.7	-7.4	-7.0	-20.7	-8.6	-18.1
Net margin	-6.9%	1.6%	-11.6%	-2.7%	-2.7%	-10.7%	-5.2%	-14.0%

Diluted EPS	($8.04)	$2.98	($158.41)	($0.90)	($1.57)	($7.39)	($8.99)	($4.71)
Shares outstanding (diluted)	2.1	1.1	0.1	8.2	4.4	2.8	1.0	3.8

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.