RCM Technologies Inc. (NASDAQ: RCMT) reported revenue rose 84.0% in its fiscal first quarter ended April 2 with growth led by its specialty healthcare staffing segment.
“We continue to build on the strong foundation established and drive execution across our business units,” Executive Chairman Bradley Vizi said.
| (US$ thousands) | Q1 2022 | Q1 2021 | % change |
| Revenue | $81,961 | $44,549 | 84.0% |
| Gross profit | $23,420 | $10,850 | 115.9% |
| Gross margin | 28.6% | 24.4% | |
| Net income/loss | $6,520 | $1,007 | 547.5% |
RCM’s specialty healthcare segment provides staffing of health information management professionals, nurses, paraprofessionals, physicians and therapists.
It also provides staffing in engineering, life sciences and IT.
Revenue by segment
| (US$ thousands) | Q1 2022 | Q1 2021 | % change |
| Engineering | $19,898 | $14,466 | 37.6% |
| Specialty healthcare | $52,184 | $21,137 | 146.9% |
| IT | $9,879 | $8,946 | 10.4% |
Share price and market cap
Shares in RCM were up 24.19% to $14.63 as of 12:13 p.m. Eastern time; shares set a new 52-week high today, according to FT.com. The company had a market cap of $118.9 million.