PRGX Global, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue, net was $42,102,000 against $38,510,000 a year ago. Operating loss from continuing operations was $1,320,000 against $350,000 a year ago. Loss from continuing operations before income taxes was $2,691,000 against income of $554,000 a year ago. Net loss from continuing operations was $2,880,000 or $0.13 basic and diluted per share against $325,000 or $0.01 basic and diluted per share a year ago. Net loss was $2,906,000 or $0.13 basic and diluted per share against $674,000 or $0.03 basic and diluted per share a year ago. LBIT was $2,231,000 against EBIT of $253,000 a year ago. EBITDA was $993,000 against $2,088,000 a year ago. Adjusted EBITDA was $4,066,000 against $3,138,000 a year ago. Adjusted EBITDA from continuing operations was $4,092,000 against $3,484,000 a year ago. Net cash used in operating activities was $3,511,000 against net cash provided by operating activities of $4,617,000 a year ago. Purchases of property and equipment, net of disposals were $2,807,000 against $2,549,000 a year ago.

For the six months, the company reported revenue, net was $78,823,000 against $72,079,000 a year ago. Operating loss from continuing operations was $2,671,000 against $2,285,000 a year ago. Loss from continuing operations before income taxes was $4,232,000 against $667,000 a year ago. Net loss from continuing operations was $5,208,000 or $0.23 basic and diluted per share against $2,173,000 or $0.10 basic and diluted per share a year ago. Net loss was $5,567,000 or $0.24 basic and diluted per share against $2,858,000 or $0.13 basic and diluted per share a year ago. LBIT was $3,707,000 against $1,267,000 a year ago. EBITDA was $1,529,000 against $2,510,000 a year ago. Adjusted EBITDA was $7,013,000 against $4,960,000 a year ago. Adjusted EBITDA from continuing operations was $7,371,000 against $5,641,000 a year ago. Net cash used in operating activities was $6,480,000 against net cash provided by operating activities of $1,276,000 a year ago. Purchases of property and equipment, net of disposals were $5,327,000 against $4,049,000 a year ago.

Given its strong performance in the first half of the year and positive outlook for the remainder of the year, the company remains on track to meet its 2018 guidance of year-over-year revenue growth in the range of 8% to 10% and adjusted EBITDA growth in the range of 17% to 22%.