Command Center Reports Strong Preliminary Fourth Quarter and Full Year 2016 Revenue
Jan 18, 2017
OTC Disclosure News Service
Command Center, Inc. (OTCQB: CCNI), a national provider of on-demand and
temporary staffing solutions, is reporting preliminary revenue
for its fourth quarter and full year ended December 30, 2016.
For the fourth quarter of 2016, the company expects revenue to be
approximately $25.9 million, an increase of 18.7% from $21.9 million in
the same year-ago quarter. For fiscal year 2016, the company expects
revenue to be approximately $93.1 million, up 5.2% from $88.5 million in
2015. The fourth quarter and the full year of 2016 benefited from an
extra week when compared to 2015, which added $1.4 million of revenue to
“As I indicated previously, earlier in the year we recognized the
company was not performing up to our expectations and those of our
shareholders,” said Command Center’s president and CEO, Bubba Sandford.
“As a result, we made a number of wide-ranging and, at times, difficult
changes to how we operate. These personnel and operational changes,
along with the positive results from the acquisition of Hancock
Staffing, allowed the company to post a strong second half for 2016. We
believe our company is headed in a very positive direction and that we
will continue to see revenue growth in 2017.”
This information is preliminary in nature, although the company does not
expect a significant deviation from the reported numbers. The company
plans to provide complete financial results for the fourth quarter and
full year 2016 in March.
About Command Center
Command Center provides flexible on-demand employment solutions to
businesses in the United States, primarily in the areas of light
industrial, hospitality and event services. Through 63 field offices,
the company provides employment annually for over 33,000 field team
members working for 3,300 clients. For more information about Command
Center, go to www.commandonline.com.
Important Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995, including statements
regarding revenue for the fourth quarter and full year of 2016.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks, including, but not limited to, the severity and
duration of the general economic downturn, the availability of workers’
compensation insurance coverage, the availability of capital and
suitable financing for the company’s activities, the ability to attract,
develop and retain qualified store managers and other personnel, product
and service demand and acceptance, changes in technology, the impact of
competition and pricing, government regulation, and other risks set
forth in the Form 10-K filed with the Securities and Exchange Commission
on March 24, 2016, and in other statements filed from time to time with
the Securities and Exchange Commission. All such forward-looking
statements, whether written or oral, and whether made by or on behalf of
the company, are expressly qualified by these cautionary statements and
any other cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to update
any forward-looking statements to reflect events or circumstances after
the date hereof.
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