Cross Country Healthcare ( (CCRN) ) has released its Q4 earnings. Here is a breakdown of the information Cross Country Healthcare presented to its investors.
Cross Country Healthcare, Inc. is a tech-enabled workforce solutions and advisory firm with 38 years of experience, specializing in healthcare staffing and labor-related challenges. The company recently released its financial results for the fourth quarter and full year of 2024, highlighting a significant decrease in revenue and net income compared to the previous year. Key financial metrics showed a 25% year-over-year decline in fourth-quarter revenue to $309.9 million and a 33% decrease in full-year revenue to $1.3 billion. The company also reported a net loss of $3.8 million for the fourth quarter and $14.6 million for the full year. Despite these challenges, Cross Country Healthcare experienced growth in its Physician and Homecare Staffing segments and secured a major contract renewal. The company maintained a strong balance sheet with $82 million in cash and no debt. Looking ahead, Cross Country Healthcare remains focused on delivering clinical excellence and meeting client needs as it anticipates the completion of a merger with Aya Healthcare in the second half of the year.