RCM Technologies Inc. (NASDAQ: RCMT), a staffing provider based in Pennsauken, New Jersey, reported third-quarter revenue rose 27.9% year over year to $58.2 million while gross margin improved.
RCM’s specialty healthcare segment posted the fastest growth, rising 42.5% year over year to revenue of nearly $28.0 million in the third quarter. However, revenue in the company’s IT segment edged down 1.2%.
“RCM delivered continued strong performance in our seasonally challenged third quarter,” Executive Chairman Bradley Vizi said.
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Share price and market cap
Shares in RCM were down 8.22% to $15.98 as of 12:07 p.m. today; they were 206.10% above their 52-week low of $5.22 set on Jan. 24, according to FT.com. The company had a market cap of $177.6 million.