Categories Earnings, Other Industries

ShiftPixy stock falls after weak Q3 results

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.

Most Popular

UAL Earnings: United Airlines Q2 adj. earnings decline; revenue up 2%

United Airlines Holdings, Inc. (NYSE: UAL) on Wednesday announced financial results for the second quarter of 2025. Revenues missed Wall Street's expectations. The aviation giant's second-quarter earnings, excluding special items,

GM set to report Q2 results amid tariffs headwinds and EV momentum

After entering FY25 on a positive note, General Motors (NYSE: GM) is preparing to report its second-quarter results next week. The company is planning heavy investments to shift production from

What to expect from Lamb Weston’s (LW) Q4 2025 earnings report

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) were down over 1% on Wednesday. The stock has dropped 7% over the past three months. The frozen potato products maker is

Comments

  1. Pingback: Career services
  2. Pingback: engineering jobs
  3. Pingback: ???? ??????
  4. Pingback: Community impact
  5. Pingback: Lecture Halls
  6. Pingback: الصيادلة
  7. Pingback: Dentist Near Me
  8. Pingback: Student Handbook
  9. Pingback: CISCO
  10. Pingback: fue
  11. Pingback: hack squat
  12. Pingback: Fiverr Earn
  13. Pingback: Fiverr Earn
  14. Pingback: Fiverr Earn
  15. Pingback: Fiverr Earn
  16. Pingback: fiverrearn.com
  17. Pingback: ikaria juice
  18. Pingback: french bulldog
  19. Pingback: fiverrearn.com
  20. Pingback: frenchie colors
  21. Pingback: bernedoodle
  22. Pingback: pied frenchie
  23. Pingback: tom kings kennel
  24. Pingback: new york clima hoy
  25. Pingback: clima fresno ca
  26. Pingback: future university
  27. Pingback: future university
  28. Pingback: future university
  29. Pingback: future university
  30. Pingback: multisbo
  31. Pingback: frenchie puppies
  32. Pingback: Fiverr.Com
  33. Pingback: fue
  34. Pingback: lean six sigma
  35. Pingback: Warranty
  36. Pingback: FUE
  37. Pingback: Smooth transitions
  38. Pingback: bali indonesia
  39. Pingback: Classic Books 500
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: partners
  43. Pingback: duotrim
  44. Pingback: Betting tips
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: website builder
  62. Pingback: sns
  63. Pingback: FiverrEarn
  64. Pingback: FiverrEarn
  65. Pingback: cheap sex cams
  66. Pingback: fullersears.com
  67. Pingback: dog probiotics
  68. Pingback: frt trigger
  69. Pingback: 늑대닷컴
  70. Pingback: OnOverseas.Com
  71. Pingback: One Peace AMV
  72. Pingback: superslot
  73. Pingback: allgame
  74. Pingback: 918kiss
  75. Pingback: หวย24
  76. Pingback: Makeup sets
  77. Pingback: pg slot
  78. Pingback: Raahe Guide
  79. Pingback: game slot
  80. Pingback: resort lake placid
  81. Pingback: catskills hotel
  82. Pingback: 44 mag ammo
  83. Pingback: ItMe.Xyz
  84. Pingback: MasumINTL.Com
  85. Pingback: ItMe.Xyz
  86. Pingback: FB URL Shortener
  87. Pingback: FB URL Shortener
  88. Pingback: mzplay
  89. Pingback: wix seo specialist
  90. Pingback: chanel dog bowl
  91. Pingback: sex cams
  92. Pingback: free cam sex
  93. Pingback: live sex shows
  94. Pingback: registry dog
  95. Pingback: clima en neza
  96. Pingback: linh hoang
  97. Pingback: Beckhoff
  98. Pingback: Alen-Bradley
  99. Pingback: free sex chat
  100. Pingback: sex chat
  101. Pingback: play net
  102. Pingback: 라이브스코어
  103. Pingback: 스포츠분석
  104. Pingback: nft
  105. Pingback: esports domains
  106. Pingback: chamy rim dips
  107. Pingback: grey frenchies
  108. Pingback: 늑대닷컴
  109. Pingback: dr kim acupuncture
  110. Pingback: we buy dogs
  111. Pingback: linh hoang
  112. Pingback: crypto news
  113. Pingback: french bulldog
  114. Pingback: Dog Registry
  115. Pingback: Dog Registry
  116. Pingback: Dog Papers
  117. Pingback: Dog Registry
  118. Pingback: Dog Papers
  119. Pingback: Dog Registry
  120. Pingback: clima tultitlán
  121. Pingback: gaming
  122. Pingback: bjj houston tx
  123. Pingback: chile candies
  124. Pingback: rent a golf cart

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top