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ShiftPixy Names New Finance Chief

Irvine-based ShiftPixy Inc., (Nasdaq: PIXY), a tech-based temp agency for restaurants, named Domonic Carney chief financial officer, replacing Patrice Launay, who is leaving a company that has steadily lost value this year.

Carney has more than 25 years of experience in finance, accounting and operations, with particular expertise in strategic planning, SEC reporting, cash flow management and P&L responsibility, ShiftPixy said in a statement.

ShiftPixy’s third-quarter revenue increased 53% to $14.3 million, compared to $9.4 million year-over-year. Diluted net loss per share was 15 cents in the three months that ended May 31, more than double the 6 cents loss last year.

Its shares traded recently at about 50 cents apiece, for a market cap of $18 million, down more than two-thirds year-to-date.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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