Staffing 360 Solutions, Inc., a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. The company operates through three segments: Commercial  US, Professional  US, and Professional - UK. Its services primarily comprise the provision of temporary contractors; and the recruitment of candidates for permanent placement. It focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines. The company was formerly known as Golden Fork Corporation and changed its name to Staffing 360 Solutions, Inc. in April 2012. Staffing 360 Solutions, Inc. was incorporated in 2009 and is headquartered in New York, New York.
IPO Year:
Exchange: NASDAQ
Website: staffing360solutions.com
Combined annual revenue expected to be approximately $620 million Highly synergistic transaction expected to result in run-rate cost synergies/savings of approximately $10 million Atlantic CEO Jeffrey Jagid to remain Chief Executive Officer of combined company; Staffing 360 Solutions CEO Brendan Flood to serve as President of Staffing 360 Solutions Atlantic will acquire all outstanding shares of Staffing 360 Solutions in a transaction valued at approximately $25 million Atlantic International Corp. ("Atlantic") (OTC:ATLN), and Staffing 360 Solutions, Inc. ("Staffing 360") (NASDAQ:STAF), both leading providers of strategic outsourced services and workforce solutions, today announced
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4 - Staffing 360 Solutions, Inc. (0001499717) (Issuer)
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4 - Staffing 360 Solutions, Inc. (0001499717) (Issuer)
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4 - Staffing 360 Solutions, Inc. (0001499717) (Issuer)
4 - Staffing 360 Solutions, Inc. (0001499717) (Issuer)
4 - Staffing 360 Solutions, Inc. (0001499717) (Issuer)
Combined annual revenue expected to be approximately $620 million Highly synergistic transaction expected to result in run-rate cost synergies/savings of approximately $10 million Atlantic CEO Jeffrey Jagid to remain Chief Executive Officer of combined company; Staffing 360 Solutions CEO Brendan Flood to serve as President of Staffing 360 Solutions Atlantic will acquire all outstanding shares of Staffing 360 Solutions in a transaction valued at approximately $25 million Atlantic International Corp. ("Atlantic") (OTC:ATLN), and Staffing 360 Solutions, Inc. ("Staffing 360") (NASDAQ:STAF), both leading providers of strategic outsourced services and workforce solutions, today announced
Common Stock Will Begin Trading on Split-Adjusted Basis on June 26, 2024 NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ:STAF) ("Staffing 360" or the "Company"), a company executing a buy-integrate-build strategy through the acquisition of staffing organizations in the United States, announced today that it intends to effect a reverse stock split of its common stock at a ratio of one (1) post-split share for every ten (10) pre-split shares. The reverse stock split will become effective at 4:05 p.m., New York time, on Tuesday, June 25, 2024. Staffing 360's common stock will continue to trade on the Nasdaq Capital Market under the symbol STAF, and will begin
NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360" or the "Company"), a company executing a buy-integrate-build strategy through the acquisition of staffing organizations in the United States, today reported that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission ("SEC") for the period ended March 30, 2024. Pursuant to the letter, The Nasdaq Hearings Panel will consider
NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360" or the "Company"), a company executing a buy-integrate-build strategy through the acquisition of staffing organizations in the United States, today reported that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of not having timely filed its Annual Report on Form 10-K with the Securities and Exchange Commission ("SEC") for the period ended December 30, 2023. Pursuant to the letter, The Nasdaq
NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (the "Company" or "Staffing 360 Solutions") ((STAF), a company executing a buy-integrate-build strategy through the acquisition of staffing organizations in the United States, today announced a targeted shift in its focus exclusively on its U.S. staffing business of Monroe Staffing Services, Key Resources, Headway Workforce Solutions and Lighthouse Professional Services, and that IPE Ventures has assumed ownership of the Company's U.K.-based staffing operation. After a thorough, strategic review of its business and current industry conditions, the Board of Directors of Staffing 360 Solutions (the "Board") concluded t
NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States, announced today that four of its U.S. staffing brands, Monroe Staffing Services, Key Resources, Headway Workforce Solutions, and Lighthouse Professional Services, earned high recognition from ClearlyRated for providing exceptional client service. ClearlyRated, a company that helps professional service firms measure their service experiences, build online reputations, and differentiate on service quality, recognized Monroe Staffing Services (Commercial), Key Resources (
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360 Solutions" or the "Company"), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported financial results for the 2023 third quarter and nine-month period ended September 30, 2023. Third Quarter 2023 Overview Revenue declined by 4.0% (a decline of 5.5% in constant currency) to $63.5 million, compared with $66.1 million for the prior year period, resulting primarily from market softening in the current economic environment.Gross profit was $9.4 million, compared
NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360" or the "Company"), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of not having timely filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission ("SEC") for the period ended September 30,
NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360 Solutions" or the "Company"), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported its second quarter 2023 financial results for the period ended July 1, 2023. Second Quarter 2023 Overview Revenue grew by 5.1% (5.9% in constant currency) to $62.1 million, compared with $59.1 million for the prior year period, resulting primarily from the Company's Headway Workforce Solutions acquisition.Gross profit was $8.8 million, compared with $10.5 million for the prior year p
NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360 Solutions" or the "Company"), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended June 30, 2023 with the Securities and Exchange Commissio
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-- Revenue Growth Driven by Gains in U.S. Professional Staffing Business Stream -- -- On Track to Resolve Outstanding First Quarter Form 10-Q Filing:Plans to Provide Update on Filing of Second Quarter Form 10-Q in the Coming Weeks -- NEW YORK, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360 Solutions" or the "Company"), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported its first quarter 2023 financial results for the period ended April 1, 2023. The Company also believes that it is on track to file its outstanding first quarte
NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ:STAF) ("Staffing 360 Solutions" or the "Company"), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced that its Board of Directors (the "Board") has adopted a limited duration stockholder rights plan (the "Rights Plan"). The adoption of the Rights Plan is intended to protect the long-term interests of the Company and all of the Company's stockholders and enable them to realize the full potential value of their investment in the Company. The Rights Plan is designed to reduce the likeliho
NEW YORK, May 22, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal Year End 2022 financial results. YE 2022 Overview Revenue increased by 23.8% (26.7% in constant currency) to $244.9M compared with $197.7M in the prior year periodGross profit was $42.8M from $33.8M in the prior year period, or an increase of 26.3% (or 29.1% in constant currency)An impairment to Goodwill of $10M was booked at the year-end to recognize the performance of the stock priceOperating loss was ($13.46M), a
NEW YORK, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal 2022 third quarter and nine-month financial results. Q3 2022 Overview Revenue increased by 39.2% to $66.1M as compared with $47.5M in the prior year period, or an increase of 44.3% on a constant currency basisGross profit was $12.3M, an increase of 28.1% from $9.6M in the prior year period, or an increase of 30% on a constant currency basisOperating income was $500K for the quarter as compared with operating income of $470
NEW YORK, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal 2022 second quarter and six-month financial results. Q2 2022 Overview Revenue increased 16.9% to $59.1 million from $50.5 million in Q2 '21, or an increase of 20.3% on a constant currency basisGross profit increased 16.6% to $10.5 million from $9.0 million in Q2 '21 or an increase of 19.9% on a constant currency basis Loss from operations narrowed to ($643,000) as compared with a loss from operat
Schedules Conference Call for June 30, 2022 NEW YORK, June 27, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal 2021 full year financial results. Fiscal 2021 Overview Revenue declined by 3.3% to $197.8 million from $204.5 million in Fiscal 2020Gross profit was $33.9 million, down from $34.8 million in Fiscal 2020, a decrease of 2.7%Gross margin increased to 17.1% compared with 17.0% in Fiscal 2020Income from operations was a loss of $7.3 million compared with a loss of $8.8 million in Fis
Expands Offerings Nationwide With Enhanced Cutting-Edge Tools and Technologies NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, announced today that it has completed the acquisition of Headway Workforce Solutions for up to approximately $14 million in a combination of stock and cash. $9 million was paid through issuance of shares of preferred stock that are convertible into approximately 3.5 million common shares, and up to $5 million cash through an earn-out. With a 35-year history and a na
NEW YORK, May 03, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced that its Board of Directors declared a dividend of one one-thousandth of a share of newly designated Series J Preferred Stock, par value $0.00001 per share, for each outstanding share of the Company's common stock held of record as of 5:00pm Eastern Time on May 13, 2022. The outstanding shares of Series J Preferred Stock will vote together with the outstanding shares of the Company's common stock, as a single class, exclusively with res
Positive Income from Operations, Net Income and Basic EPS in Q3 NEW YORK, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced its Fiscal 2021 third quarter and nine-month financial results for the period ended October 2, 2021. Q3 2021 Overview Revenue decreased 2.3% to $47.5 million from $48.6 million in Q3 '20 (1.7% excluding the disposal of firstPRO).Gross profit increased 15.6% to $9.6 million from $8.3 million in Q3 '20 (28.8% increase excluding the disposed business).Income from opera
NEW YORK, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ((STAF), a company executing an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom, today announced it will report its fiscal third quarter and nine-month financial results after the market close on Monday, November 15, 2021. The Company will host a conference call on Tuesday, November 16th at 9:00am ET to discuss financial results, the COVID-19 environment, and recent positive business developments. Conference CallThe Participant Dial-In Number for the conference call is 323-794-2423.Participants should dial
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Staffing 360 Solutions, Inc. ((STAF) ("Staffing 360" or the "Company"), a company executing a buy-integrate-build strategy through the acquisition of staffing organizations in the United States, today reported that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission ("SEC") for the period ended March 30, 2024.
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