Summary by Moomoo AI
ShiftPixy, a Human Capital Management (HCM) and Engagement platform provider, reported a slight increase in quarterly revenue from $3.988 million to $4.134 million for the three months ended May 31, 2024, compared to the same period in 2023. The company's gross profit also rose from $200,000 to $243,000 year-over-year. However, ShiftPixy experienced a significant operating loss of $4.002 million, an improvement from the previous year's loss of $6.445 million. The net loss for the quarter was $4.425 million, down from $7.455 million in the prior year. Over nine months, revenue fell by 15.3% to $11.721 million, with a net loss of $14.677 million, an improvement from the previous year's $18.647 million loss. ShiftPixy's business development included the expansion into light industrial and healthcare staffing industries and the launch of...Show More