ShiftPixy, Inc. (PIXY) [Rocket]

Overview

ShiftPixy, Inc. (PIXY)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/12/2023	8-K	Quarterly results
10/10/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/10/2023	8-K	Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Other Events, Financial Statements and E...
10/10/2023	424B5	Form 424B5 - Prospectus [Rule 424(b)(5)]:
10/06/2023	4	Absher Scott W (CEO) has filed a Form 4 on ShiftPixy, Inc.
10/05/2023	SC 13G	World Vision, Inc. reports a 9.9% stake in ShiftPixy, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Aug-31-22	Aug-31-21	Aug-31-20	Aug-31-19	Aug-31-18	Aug-31-17	Aug-31-16
Revenues	36.0	23.4	65.5	73.4	35.0	20.2	8.5
Revenue growth	53.8%	-64.3%	-10.8%	110.0%	72.7%	139.3%
Cost of goods sold	34.2	23.1	7.7	8.5	29.5	16.6	6.9
Gross profit	1.8	0.3	57.8	64.9	5.5	3.7	1.5
Gross margin	4.9%	1.4%	88.3%	88.4%	15.7%	18.2%	17.9%
Sales and marketing	0.1	0.2	0.2	0.2	0.5		1.0
Research and development					3.8		0.3
General and administrative	34.0	23.4	14.8	15.2	10.8	7.5	1.5
EBIT	-39.2	-27.3	-18.0	-15.6	-11.6	-7.5	-1.9
EBIT margin	-109.0%	-116.9%	-27.5%	-21.2%	-33.1%	-37.0%	-21.9%
Pre-tax income	-43.4	-27.3	-90.5	-24.6	-16.8	-7.5	-1.9
Income taxes	0.0	0.0	-15.1	-6.5	0.0	0.0	0.0
Tax rate	0.1%		16.7%	26.5%	0.0%	0.0%	0.0%
Earnings from continuing ops	-59.7	-29.9	-90.5	-24.6	-16.8	-7.5	-1.9
Earnings from discontinued ops			15.7
Net income	-59.7	-29.9	-75.3	-18.1	-16.8	-7.5	-1.9
Net margin	-165.8%	-127.7%	-115.0%	-24.6%	-48.1%	-37.0%	-21.9%

Diluted EPS	($148.28)	($88.59)	($4.96)	($30.10)	($0.58)	($0.28)	($0.07)
Shares outstanding (diluted)	0.4	0.3	18.2	0.8	28.8	26.8	25.6

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