ShiftPixy (PIXY) Reports Q4 Loss of $0.07/Share

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ShiftPixy, Inc. Reports Fiscal 2019 First Quarter Results

January 11, 2019 8:00 AM EST

IRVINE, Calif., Jan. 11, 2019 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a developing, proprietary next-gen technology platform for workforce engagement and management, today announced operating results for the three months ended November 30, 2018 (2019 First Quarter).

2019 First Quarter Highlights

Gross billings grew 77% to $70.9 million, compared to $40.2 million for the fiscal 2018 first quarter; gross billings for the quarter decreased 3.4% sequentially from $73.4 million in the prior quarter.Revenues increased 62% to $10.5 million for the quarter, compared to $6.5 million for the first quarter of fiscal 2018.Worksite employees... More