BGSF(US:BGSF)2025-06-25 09:36Company Overview - BGSF's market capitalization is approximately $77 million as of November 15, 2024[9] - The company's trailing 12-month revenue through September 2024 is $282 million[11, 12] - Adjusted EBITDA for the trailing 12 months through September 2024 is $14.1 million[10] - Professional segment accounts for 61% of the company's revenue, while Property Management accounts for 39%[12] Financial Performance - In Q3 2024, BGSF's revenue was $71.2 million compared to $83.5 million in Q3 2023[44] - Adjusted EBITDA for Q3 2024 was $3.2 million, representing a 4.5% margin, compared to $7.9 million and 9.4% in Q3 2023[44] - Adjusted net income per share for Q3 2024 was $0.10, compared to $0.36 in Q3 2023[44] - The gross profit margin for the Professional segment was 32.3%, while for Property Management it was 37.6% for the trailing twelve months through September 2024[20] Strategic Focus - The company is focused on revenue growth and diversification strategies within the workforce solutions and consulting services market[13, 53] - BGSF aims to reduce its debt leverage ratio and is prioritizing investments to support organic growth[52, 51] - No new acquisitions are planned for 2025, with a focus on enhancing existing systems to drive growth and efficiency[52]