Kforce to exit WorkLLama JV, expects Q4 impairment charge on $19.3M investment; reaffirms guidance

KFORCE INC

Immediate divestiture or exit of equity stake in WorkLLama joint venture formed June 2019.
Carrying value: $14.8M investment + $4.5M note receivable = $19.3M total as of Sept 30, 2022.
Potential impairment charge in Q4 2022; amount not yet estimable.
Revenue guidance reaffirmed: $414M–$422M for Q4; tech business growing high single digits YoY.

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