Cross Country Healthcare net loss was $6m, compared to a net income of $398,000 for the same period in 2009.
For the full year of 2010, the company posted revenue from services of $468.56m, compared to $578.24m for the same period in 2009.
Cross Country Healthcare’s net loss was $2.78m for the full year of 2010, compared to a net income of $6.69m for the same period in 2009.
The company expects revenue to be $119m to $121m range and gross profit margin to be in the range of 26.5% to 27% in the first quarter of 2011.
Cross Country Healthcare president and CEO Joseph Boshart said the fourth quarter of 2010 appears to be the nadir of the most challenging period in their company’s history as the revenue expectation is for solid sequential growth in the first quarter of 2011.