CCNI: November revenue up 30%. Full year revenue up 20%
By Ian Gilson, CFA
December revenue for Command Center (OTC BB:CCNI) was $8.9 million, below our estimate of $9.8. On an annualized basis December did not show the increase per store that occurred in October and November. This suggests to us that the clean-up after hurricane Sandy is essentially over. Revenue per store increased by 13.5% from last year. Fourth quarter revenue was $26.68 million and there were 59 stores at the end of December.
Since we had assumed that Sandy would not have a major impact in January 2013 or later we have not altered our estimates for 2013 and beyond.
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