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BGSF Q4 revenue $22.0M, net loss $1.3M; strategic realignment to BG Staffing
Revenue $22.0M, down 9.4% YoY; net loss $1.3M ($0.11 diluted EPS) vs loss $2.9M year ago.
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BGSF appoints Keith Schroeder and Kelly Brown as permanent Co-CEOs; Brown's employment agreement disclosed
Kelly Brown named permanent Co-CEO effective Feb 24, 2026; employment agreement through Dec 31, 2027 with auto-renewal.
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BGSF Q3 2025 revenue $26.9M, net loss $3.1M; launches $5M buyback
Revenues $26.9M, up 14.4% sequentially from $23.5M in Q2 2025.
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BGSF closes $99M all-cash sale of Professional Division to INSPYR Solutions
Sold Professional Division to INSPYR Solutions (A&M Capital portfolio co.) for $99M cash on Sept 8, 2025.
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BGSF declares special cash dividend of $2.00 per share, payable Sept 30, 2025
$2.00 per share special cash dividend declared, payable September 30, 2025 to holders of record September 23, 2025.
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BGSF stockholders approve sale of Professional Division to INSPYR Solutions
Sale Proposal approved: 7,253,539 for, 76,494 against, 31,693 abstained.
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BGSF Q2 2025 net loss $4.9M, revenue $23.5M down 8.6% YoY
Q2 revenue $23.5M vs $25.7M YoY (-8.6%) but up 12.6% from Q1; gross margin 35.8% vs 37.3% YoY.
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BGSF sells Professional Division to INSPYR Solutions for $99M; CEO resigns, interim Co-CEOs appointed
Sale of Professional Division (BG F&A, BGSF Professional, foreign subs) to INSPYR Solutions for $99M cash, subject to working capital adjustments.
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BGSF signs $99M all-cash sale of Professional Division to INSPYR Solutions; CEO to leave July 1
Definitive agreement to sell Professional Division (IT Consulting, Finance/Accounting, Managed Solutions, Near/Offshore Software Engineering) to INSPYR for $99M cash.
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BGSF appoints Keith Schroeder as CFO, replacing John Barnett in planned succession
John Barnett resigned as CFO and Secretary effective March 17, 2025; will stay as advisor during transition.
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BGSF Q4 revenue $64.4M, net loss $1.0M; FY record operating cash flow $24M
Q4 2024 revenue $64.4M, down from $73.6M in Q4 2023 and $71.2M in Q3 2024.
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BGSF Q3 net loss of $0.8M on $71.2M revenue; YoY revenue down 15%
Revenue $71.2M, down 15% from $83.5M a year ago; net loss $0.8M vs net income $2.6M in Q3 2023.
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BGSF reports Q2 net loss of $0.8M; revenue drops 16% YoY to $68.1M
Revenue $68.1M, down 16% from $80.8M in Q2 2023; net loss $0.8M vs net income $2.6M.
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BGSF Q1 revenue down 8.6% to $68.8M; adjusted EPS falls to $0.07 from $0.16 YoY
Revenue $68.8M, down from $75.3M; gross profit $23.4M vs $26.8M.
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BGSF initiates strategic alternatives review, suspends quarterly cash dividend
Board initiated strategic alternatives review; engaged Houlihan Lokey as financial advisor.
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BGSF reports record FY2023 revenue of $313.2M; net loss from continuing ops of $10.2M due to $22.5M impairment
FY2023 revenue $313.2M, up 4.9%; net loss from continuing ops $10.2M ($0.95 diluted EPS) vs net income $11.3M in 2022.
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BGSF Q3 revenue up 6.3% to $83.5M; adj. EPS falls to $0.36 from $0.48
Revenue $83.5M (+6.3% YoY); Property Management organic growth 8.2%, Professional organic -20.6%.
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BGSF Q2 revenue up 9.1% to $80.8M; declares $0.15 quarterly dividend
Revenue $80.8M (+9.1% YoY); gross profit $29.6M (+18.0%); net income $2.6M ($0.24 EPS).
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BGSF Q1 2023 revenue up 9.9% to $75.3M, net loss $(16.5)M on $22.5M impairment charge
Revenues $75.3M (+9.9% YoY); gross profit $26.8M (+14.3%); gross margin 35.6% (+140 bps).
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BGSF completes $8M acquisition of Arroyo Consulting; adds 300+ IT professionals in Colombia and India
Purchase price $8.0M; $6.8M cash at closing, $350K and $850K in holdbacks.
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BGSF appoints John Barnett as CFO; Hollenbach retiring; declares $0.15 quarterly dividend
John Barnett appointed CFO & Secretary effective March 20, 2023, succeeding Dan Hollenbach.
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BGSF reports record FY2022 revenue $298M; Q4 revenue up 14.2% YoY
Full-year revenue $298.4M, +24.8% YoY (organic 24.2%); adjusted EBITDA $21.7M, +45% YoY.
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BGSF acquires Horn Solutions for $42.7M; funds via cash, stock, and $40M term loan
Purchase price $42.659M: $33.94M cash, $3.351M stock (254,455 shares), $4.368M convertible note at 6%.
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BGSF reports record Q3 revenue of $78.5M, up 22.3% YoY; declares $0.15 dividend
Net income from continuing ops $4.7M ($0.44 diluted EPS) vs $3.7M ($0.36) in Q3 2021.
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BGSF reports Q2 revenue up 29% to $74.1M; declares $0.15 quarterly dividend
Q2 revenue $74.1M (+29.1% YoY); net income $3.2M ($0.30 diluted EPS) vs $2.6M ($0.25) a year ago.
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BGSF Q1 revenue up 37.8% to $69M; net income from continuing ops $2.35M; dividend $0.15
Revenue from continuing ops $69M, +37.8% YoY; gross profit +44.5% to $23.4M.
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BGSF completes sale of Light Industrial segment for $30.3M plus potential earnout
Sold Light Industrial (InStaff) assets to Sentech Engineering for $30.3M cash at closing plus $2M on first anniversary.
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BGSF Q4 net income $5.3M ($0.50 EPS); plans sale of InStaff segment; dividend raised to $0.15
Q4 revenue from continuing ops $67.7M (+37.8% YoY); net income $4.3M ($0.41 diluted EPS) vs $1.1M prior year.
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BGSF sells Light Industrial segment (InStaff) to Jobandtalent for ~$30.3M plus $2M earn-out
Deal value: ~$30.3M at closing plus $2M on first anniversary; Sentech Engineering Services (Jobandtalent) buyer.
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BGSF Q3 revenue up 15% to $82.4M; EPS $0.45 vs $0.25; declares $0.12 dividend
Revenue $82.4M (+15.1% YoY); net income $4.6M ($0.45 diluted EPS) vs $2.6M ($0.25) in Q3 2020.
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BGSF Q2 revenue up 18.8% to $74.4M; net income $3.4M vs. year-ago loss
Diluted EPS $0.33 vs. -$0.47 in prior-year quarter; adjusted EPS $0.33.