Corporate Resource Services, Inc. reported earnings results for the fourth quarter and full year ended September 30, 2012. For the quarter, revenue was $179.7 million, an increase of 19.6% over the same quarter in 2011, which had been adjusted to include the results of an acquisition accounted for under the pooling of interests method. Quarterly revenues increased 81.2% prior to the adjustment. Net income was $1.0 million.

For the full year, revenues increased 85.3% to $639.8 million. Net loss was $3.4 million, many expenses that contributed to that loss will not be part of its cost structure going forward.

For the quarter ended December 28, 2012, the company expects that revenues to be in the range of $189 to $192 million and net income to be between $1.5 and $1.8 million.

For the first quarter of 2013, the company expects that the will drop back into a loss of approximately $1.5 to $1.8 million on revenues of approximately $165 to $170 million, due mainly to the seasonal reset of payroll tax wage limits at a time when are incurring the last of its integration expenditures.

For the full year of 2013, the company expects to achieve net income of between $6.5 and $7.8 million on revenues of approximately $730 million to $780 million. The estimates do not reflect the impact of any future weather events and they assume no acquisitions of additional staffing firms and no deterioration in the staffing markets the Company serves.