The company reported third quarter 2007 revenues of $38.0 million, which marks a 5.5% increase from $36.0 million in the second quarter of 2007 and a 16.8% increase from $32.5 million in the third quarter of 2006.
The company’s average bill rates were relatively flat in the third quarter of 2007 as compared with the second quarter of 2007 and the third quarter of 2006. Due to its continued focus on utilization rates and effective cost management strategies, the Company reported gross margin of 29.0% for the third quarter of 2007, which remains relatively flat as compared with the second quarter of 2007. The Company reported operating income from continuing operations of $2.1 million, which marks a 114% increase from $984,000 in the second quarter of 2007 and 287% increase from $545,000 in the third quarter of 2006.
