Volt Information Sciences Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 1, 2015
For the year, the company reported net revenue of $1,496,897,000 compared to $1,710,028,000 a year ago. Operating loss was $12,760,000 compared to operating income of $4,786,000 a year ago. Loss from continuing operations before income taxes was $15,140,000 compared to income from continuing operations before income taxes of $1,839,000 a year ago. Net loss was $24,620,000 or $0.95 per basic and diluted share compared to $18,988,000 or $0.16 per basic and diluted share a year ago. Net cash provided by operating activities was $43,324,000 compared to $34,422,000 a year ago. Adjusted EBITDA was $10,260,000 compared to $23,375,000 a year ago. Non-GAAP operating income was $2,049,000 compared to $12,854,000 a year ago. Non-GAAP loss from continuing operations before income taxes was $805,000 compared to income of $9,789,000 a year ago.