Newsletter

Menu

ShiftPixy stock falls after weak Q3 results

By Staff Correspondent |

ShiftPixy (NASDAQ: PIXY) reported a wider loss in the third quarter of 2019 due to higher operating costs and expenses as well as an increase in interest expenses and inducement loss from debt conversion. The results of the employment services provider, which delayed the earnings release by a week, missed analysts’ expectations.

Net loss was $5 million or $0.15 per share, wider than a loss of $1.82 million or $0.06 per share in the previous year quarter.

Revenue climbed by 53% year-over-year to $14.3 million. The results was benefited by new clients already onboard, which provided a 57% jump in gross billings to $94.2 million from the prior-year quarter.

ShiftPixy stock falls after weak Q3 results
Photo Courtesy: ShiftPixy / Facebook post

The average number of worksite employees increased by about 3,610 to 10,860, compared to 7,250 for the quarter ended May 31, 2018. The company believes that it is quickly penetrating its target markets which is driving rapid growth across key operational and financial metrics as ShiftPixy is just now approaching a major inflection point.

The company is inching closer to its goal of having the mobile platform serve not only to enable its shift workers to secure additional shift work but also enable its job provider clients to fill open shifts.

Also read: Will the Fed cut rates in July

Specifically, after achieving critical mass on both the employer and employee sides of the equation, ShiftPixy could begin to unleash the robust functionality of its platform including self-delivery. The enhanced feature set and mobile technology are designed to help its operator clients remediate their sky-high turnover and greatly improve profitability. This could further accelerate the company’s own growth and benefitting its efforts to create shareholder value.

Shares of ShiftPixy ended Friday’s regular session up 0.86% at $0.63 on the Nasdaq. Following the earnings release, the stock declined over 6% in the premarket session.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Advertisement

More on this Company

stock market

US stocks plummet to the worst since 2008 crisis amid coronavirus outbreak

February 28, 2020

Lyft (LYFT) stock shows signs of recovery amid pricing concerns

December 13, 2019
Earnings Update by AlphaStreet

Five Below (NASDAQ: FIVE): Q3 2019 Earnings Snapshot

December 4, 2019

227 responses to “ShiftPixy stock falls after weak Q3 results”

  10. ???? ??????

    […]that may be the finish of this report. Right here you’ll come across some internet sites that we assume you will appreciate, just click the links over[…]

  17. Community impact

    […]we like to honor numerous other world-wide-web websites around the internet, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  21. الصيادلة

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless actually worth taking a look, whoa did one understand about Mid East has got far more problerms too […]

  27. fue

    […]the time to read or go to the subject material or web-sites we’ve linked to below the[…]

  30. Maillot de football

    […]we like to honor numerous other net web pages around the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  39. Fiverr Earn

    […]check below, are some totally unrelated internet websites to ours, even so, they are most trustworthy sources that we use[…]

  40. fiverrearn.com

    […]very couple of web sites that happen to be comprehensive beneath, from our point of view are undoubtedly well really worth checking out[…]

  47. bernedoodle

    […]check beneath, are some completely unrelated internet websites to ours, having said that, they may be most trustworthy sources that we use[…]

  49. isla mujeres restaurants

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless really worth taking a appear, whoa did one learn about Mid East has got more problerms at the same time […]

  72. fue

    […]although websites we backlink to beneath are considerably not associated to ours, we feel they’re actually really worth a go by means of, so have a look[…]

  74. Warranty

    […]Every the moment inside a though we decide on blogs that we study. Listed below are the most current web pages that we select […]

  76. FUE

    […]here are some links to internet sites that we link to mainly because we think they’re really worth visiting[…]

  78. bali indonesia

    […]although internet sites we backlink to beneath are considerably not associated to ours, we really feel they are in fact really worth a go by, so have a look[…]

  82. FiverrEarn

    […]Every the moment inside a while we choose blogs that we study. Listed beneath are the most up-to-date web sites that we pick […]

  88. Unisex On-Demand Print Shop

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless truly really worth taking a search, whoa did one particular learn about Mid East has got additional problerms as well […]

  90. diabetes supplements

    […]although internet websites we backlink to beneath are considerably not connected to ours, we really feel they’re truly really worth a go as a result of, so have a look[…]

  94. duotrim

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless really really worth taking a look, whoa did one discover about Mid East has got much more problerms also […]

  96. Betting tips

    […]just beneath, are quite a few absolutely not associated web pages to ours, nonetheless, they’re surely really worth going over[…]

  97. FiverrEarn

    […]that would be the end of this post. Right here you will uncover some web pages that we consider you’ll value, just click the hyperlinks over[…]

  100. FiverrEarn

    […]that could be the finish of this article. Here you’ll obtain some internet sites that we believe you will enjoy, just click the hyperlinks over[…]

  101. FiverrEarn

    […]although internet websites we backlink to below are considerably not associated to ours, we really feel they may be basically worth a go through, so have a look[…]

  102. FiverrEarn

    […]Every the moment in a whilst we opt for blogs that we study. Listed beneath would be the newest web pages that we pick out […]

  106. FiverrEarn

    […]we prefer to honor lots of other world wide web internet sites around the net, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  109. FiverrEarn

    […]that is the end of this article. Here you will uncover some web sites that we feel you will enjoy, just click the hyperlinks over[…]

  115. website builder

    […]we prefer to honor lots of other net web pages around the net, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  117. Scientific Research

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless truly really worth taking a look, whoa did a single discover about Mid East has got far more problerms too […]

  128. 늑대닷컴

    […]that will be the end of this write-up. Right here you’ll come across some sites that we assume you will enjoy, just click the hyperlinks over[…]

  129. slot online deposit pulsa

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless definitely worth taking a search, whoa did one understand about Mid East has got a lot more problerms also […]

  131. One Peace AMV

    […]always a significant fan of linking to bloggers that I appreciate but really don’t get a good deal of link love from[…]

  132. cream chargers delivery

    […]although web sites we backlink to beneath are considerably not connected to ours, we feel they are actually worth a go by way of, so have a look[…]

  133. superslot

    […]check beneath, are some absolutely unrelated web-sites to ours, having said that, they’re most trustworthy sources that we use[…]

  135. allgame

    […]we prefer to honor lots of other internet web-sites around the internet, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  137. หวย24

    […]always a massive fan of linking to bloggers that I adore but do not get a great deal of link appreciate from[…]

  139. pg slot

    […]please go to the web sites we adhere to, like this one, because it represents our picks in the web[…]

  144. resort lake placid

    […]very handful of web-sites that happen to become in depth beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  146. 44 mag ammo

    […]we prefer to honor lots of other net websites around the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  154. mzplay

    […]very handful of internet websites that take place to be comprehensive below, from our point of view are undoubtedly well worth checking out[…]

  156. chanel dog bowl

    […]very handful of websites that come about to be detailed below, from our point of view are undoubtedly properly worth checking out[…]

  157. sex cams

    […]check beneath, are some completely unrelated websites to ours, however, they may be most trustworthy sources that we use[…]

  159. free cam sex

    […]Every the moment inside a though we pick out blogs that we study. Listed beneath would be the newest web-sites that we pick […]

  164. clima en neza

    […]check below, are some entirely unrelated internet sites to ours, however, they may be most trustworthy sources that we use[…]

  171. Alen-Bradley

    […]that could be the finish of this report. Right here you’ll uncover some web-sites that we assume you will value, just click the hyperlinks over[…]

  173. free sex chat

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless seriously really worth taking a look, whoa did a single master about Mid East has got much more problerms as well […]

  174. sex chat

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless genuinely worth taking a appear, whoa did a single find out about Mid East has got extra problerms too […]

  176. play net

    […]we prefer to honor numerous other internet websites on the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  181. nft

    […]very few web sites that take place to be comprehensive below, from our point of view are undoubtedly properly worth checking out[…]

  182. esports domains

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless actually really worth taking a look, whoa did one master about Mid East has got far more problerms at the same time […]

  188. chamy rim dips

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless really worth taking a search, whoa did one discover about Mid East has got additional problerms at the same time […]

  189. clima en chimalhuacán

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless genuinely really worth taking a look, whoa did one master about Mid East has got a lot more problerms as well […]

  193. 늑대닷컴

    […]we prefer to honor quite a few other online web pages on the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  196. dr kim acupuncture

    […]we prefer to honor several other online sites on the net, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  197. we buy dogs

    […]here are some hyperlinks to web sites that we link to for the reason that we think they may be really worth visiting[…]

  214. Dog Registry

    […]we like to honor a lot of other web web pages on the net, even though they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  221. clima tultitlán

    […]that will be the finish of this write-up. Here you will obtain some web pages that we believe you will appreciate, just click the links over[…]

Top