The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed Mar 15, 2022. Its latest SEC filing is a 15-12B/A from May 10, 2022.
10-Q for Q1 FY2022, filed Mar 15, 2022
The sections below describe the company as of the FY2021 annual report.
Places contingent workers and recruits permanent candidates for companies and other organizations, and manages programs that coordinate workers from multiple staffing providers.
10-K for FY2021, filed Jan 13, 2022Volt Information Sciences, Inc. (the “Company” or “Volt”) is a global provider of staffing services (traditional time and materials-based…View ↗
Our two staffing services segments provide workforce management expertise through locations in North America, Europe and Asia Pacific…View ↗
Our North American MSP segment consists of managing the procurement and on-boarding of contingent workers and a broad range of specialized…View ↗
Customers are invoiced for contingent workers’ hours at agreed hourly rates as services are performed, and payment is typically due after invoicing. Direct-placement fees are earned when a candidate starts permanent work; managed-program fees are a fixed percentage of staffing spend managed each month.
10-K for FY2021, filed Jan 13, 2022Volt’s primary service is providing contingent (temporary) workers to its customers. These services are primarily provided through direct…View ↗
Direct placement services include providing qualified candidates to the Company’s customers to hire on a permanent basis. These services…View ↗
The Company’s MSP programs provide comprehensive solutions for delivery of contingent labor for assignment to customers, including supplier…View ↗
Customer payment terms vary by arrangement although payments are typically due within 15 - 45 days of invoicing. The timing between the…View ↗
10-K for FY2021, filed Jan 13, 2022
FY2021 revenue by product or service ↗$885.4M
10-K for FY2021, filed Jan 13, 2022
$885.4M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Staffing Services
Usage-based
10-K for FY2021, filed Jan 13, 2022 |
95% |
Staffing Services, FY2021
$845.1M Sources
|
Usage-based |
|
Direct Placement Services
Sold outright
|
1.9% |
Direct Placement Services, FY2021
$16.4M Sources
|
Sold outright |
|
Managed Service Programs
Recurring
|
2.7% |
Managed Service Programs, FY2021
$23.9M Sources
|
Recurring |
Serves multinational, national and local customers, including companies and government agencies. Staffing is mainly arranged through direct agreements; Volt also supplies workers as a subcontractor to other providers’ managed programs.
10-K for FY2021, filed Jan 13, 2022Our contingent staffing services are provided for varying periods of time to companies and other organizations (including government…View ↗
Our North American MSP segment consists of managing the procurement and on-boarding of contingent workers and a broad range of specialized…View ↗
CustomersView ↗
Volt’s primary service is providing contingent (temporary) workers to its customers. These services are primarily provided through direct…View ↗
Yes. It kept less than a cent of every revenue dollar as net income in FY2021 and turned 2 cents into free cash flow.
10-K for FY2021, filed Jan 13, 2022
$4.8MView ↗
10-K for FY2021, filed Jan 13, 2022
$1.4MView ↗
10-K for FY2021, filed Jan 13, 2022
$20.8MView ↗
10-Q for Q1 FY2022, filed Mar 15, 2022
−$1.2MView ↗
10-Q for Q1 FY2022, filed Mar 15, 2022
Open tableView ↗
8-K, filed Apr 25, 2022
On April 25, 2022 (the “Closing Date”), pursuant to the terms of the Merger Agreement and in accordance with Section 905 of the Business…View ↗
8-K, filed Feb 7, 2022
On February 4, 2022, Volt Information Sciences, Inc. (the “Company”) reported that its Chief Financial Officer, Herbert Mueller, is…View ↗
Shrank. Revenue fell 26% in 4 years, from $1.2B in FY2017 to $885.4M in FY2021, about 7% a year.
Competes with Adecco, Allegis, Kelly Services, Manpower Group, and Randstad
10-K for FY2021, filed Jan 13, 2022The markets for Volt’s staffing services are highly competitive with few barriers to entry. The industry is large and fragmented, comprised…View ↗
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