GVHR » Topics » Revenues and Operating Loss

These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

Revenues and Operating Loss

        Prior to the acquisition of HRA in 2007, the Gevity Edge Select segment represented an insignificant part of the overall consolidated operations of the Company. In the fourth quarter of 2004 the Company announced the addition of its non co-employment offering (formerly known as its "Custom" platform) which was introduced on a pilot basis in its Baltimore, Maryland office and offered on a broader basis in 2005. The average number of client employees paid was 679 in 2006 versus 462 in 2005. Revenues for Gevity Edge Select were $0.4 million in 2006 compared to $0.3 million in 2005. The

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decrease in operating loss from $1.3 million in 2005 to $0.6 million in 2006 were reflective of startup costs incurred in 2005.

Revenues and Operating Loss





        Prior to the acquisition of HRA in 2007, the Gevity Edge Select segment represented an insignificant part of the overall consolidated operations of the Company.
In the fourth quarter of 2004 the Company announced the addition of its non co-employment offering (formerly known as its "Custom" platform) which was introduced on a pilot basis in its
Baltimore, Maryland office and offered on a broader basis in 2005. The average number of client employees paid was 679 in 2006 versus 462 in 2005. Revenues for Gevity Edge Select were
$0.4 million in 2006 compared to $0.3 million in 2005. The



50









decrease
in operating loss from $1.3 million in 2005 to $0.6 million in 2006 were reflective of startup costs incurred in 2005.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 17, 2008

RELATED TOPICS for GVHR:

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