BGSF ( (BGSF) ) has provided an update.
BGSF, Inc. reported its financial results for the fourth quarter and fiscal year ending December 29, 2024, showing a decline in revenues to $64.4 million from the previous quarter’s $71.2 million, primarily due to seasonal demand in the Property Management segment and fewer billing days in the Professional segment. Despite a net loss of $1.0 million, the company generated a record operating cash flow of $24 million and implemented a cost restructuring plan expected to save $7 to $9 million annually, indicating efforts to stabilize revenues amid ongoing strategic reviews and uncertain demand environments.
More about BGSF
BGSF provides consulting, managed services, and professional workforce solutions across various industries, including IT, Finance & Accounting, Managed Solutions, and Property Management. The company has achieved scalable growth through integrating regional and national brands and is recognized as a leading staffing firm in the U.S.
YTD Price Performance: -34.46%
Average Trading Volume: 17,010
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $44.76M
For an in-depth examination of BGSF stock, go to TipRanks’ Stock Analysis page.