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Labor SMART, Inc. (LTNC) Reports Branch Operation Growth Of 133% In The Last Year

Jul. 09, 2013 11:24 AM ETLTNC
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On-Demand temporary labor provider Labor SMART announced yesterday that it has continued its streak of consistent revenue jumps, reporting $1,455,145 for the month of June 2013. June 2012's report came in at $655,594, marking a 122% increase. Notably, in June of 2012, there were five billing weeks as opposed to four billing weeks in June 2013.

This gain also represents the fourth consecutive month where Labor SMART has exceeded over a million dollars in revenues thus far for 2013. Equally impressive is the increase from year-to-date revenues, which have shown an increase of 126% with $6,541,311 for the first six months of 2013. $2,894,040 was the figure for year-to-date revenues for the first six months of 2012.

The remarkable and consistent revenue production is attributed to Labor SMART's strategic business model, which has produced branch operation growth by 133%, growing from 6 to 14 branches in just the last year. With 5 of their 14 branches operating for less than 120 days, Labor SMART is optimistic that the newly opened branches will mature into income-producing locations.

Labor SMART CEO, Ryan Schadel stated, "As our Company continues to build critical mass, we are cautiously optimistic with the performance of our new and existing branches." He continues, "This year has proven itself to be very challenging and exciting as we continue to harness our abilities to grow at an exponential rate while meeting the current demands for our services."

For more information, please visit laborsmart.com

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