SEGMENT AND GEOGRAPHIC DATA

Segment Reporting

The Company operates in three reportable segments: the regional businesses of Americas, Asia Pacific, and Europe. Corporate expenses are reported separately from the three reportable segments and pertain to certain functions, such as executive management, corporate governance, human resources, accounting, administration, tax, and treasury. Segment information is presented in accordance with ASC 280, "Segment Reporting." This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable, net is the only significant asset separated by segment for internal reporting purposes.



	Americas			Asia Pacific			Europe			Corporate			Inter-Segment Elimination			Total
For The Three Months Ended June 30, 2020
Total revenue	$	2,206		$	18,833		$	3,534		$	—		$	—		$	24,573
Total adjusted net revenue	$	1,893		$	4,818		$	2,219		$	—		$	—		$	8,930
EBITDA (loss) ^(b)	$	(918	)	$	1,025		$	300		$	(929	)	$	—		$	(522	)
Depreciation and amortization	(5		)	(13		)	(5		)	(1		)	—			(24		)
Intercompany interest (expense) income, net	—			(73		)	—			73			—			—
Interest (expense) income, net	(2		)	—			—			42			—			40
Income (loss) from continuing operations before income taxes	$	(925	)	$	939		$	295		$	(815	)	$	—		$	(506	)

For The Six Months Ended June 30, 2020
Revenue, from external customers	$	5,394		$	35,784		$	7,526		$	—		$	—		$	48,704
Inter-segment revenue	—			6			—			—			(6		)	—
Total revenue	$	5,394		$	35,790		$	7,526		$	—		$	(6	)	$	48,704
Adjusted net revenue, from external customers^(a)	$	4,753		$	9,329		$	4,646		$	—		$	—		$	18,728
Inter-segment adjusted net revenue	—			6			(6		)	—			—			—
Total adjusted net revenue	$	4,753		$	9,335		$	4,640		$	—		$	—		$	18,728
EBITDA (loss) ^(b)	$	(978	)	$	1,362		$	363		$	(1,728	)	$	—		$	(981	)
Depreciation and amortization	(9		)	(25		)	(11		)	(3		)	—			(48		)
Intercompany interest (expense) income, net	—			(159		)	—			159			—			—
Interest (expense) income, net	(2		)	—			—			121			—			119
Income (loss) from continuing operations before income taxes	$	(989	)	$	1,178		$	352		$	(1,451	)	$	—		$	(910	)

As of June 30, 2020
Accounts receivable, net	$	1,857		$	7,514		$	2,843		$	86		$	—		$	12,300
Total assets	$	4,726		$	14,349		$	6,928		$	18,733		$	—		$	44,736



	Americas			Asia Pacific			Europe			Corporate			Inter- Segment Elimination			Total
For The Three Months Ended June 30, 2019
Revenue, from external customers	$	3,982		$	17,454		$	4,978		$	—		$	—		$	26,414
Inter-segment revenue	28			—			2			—			(30		)	—
Total revenue	$	4,010		$	17,454		$	4,980		$	—		$	(30	)	$	26,414
Adjusted net revenue, from external customers ^(a)	$	3,591		$	5,420		$	2,648		$	—		$	—		$	11,659
Inter-segment adjusted net revenue	26			(28		)	3			—			(1		)	—
Total adjusted net revenue	$	3,617		$	5,392		$	2,651		$	—		$	(1	)	$	11,659
EBITDA (loss) ^(b)	$	428		$	362		$	31		$	(1,683	)	$	—		$	(862	)
Depreciation and amortization	(4		)	(10		)	(6		)	(1		)	—			(21		)
Intercompany interest (expense) income, net	—			(100		)	—			100			—			—
Interest income, net	—			—			—			125			—			125
Income (loss) from continuing operations before income taxes	$	424		$	252		$	25		$	(1,459	)	$	—		$	(758	)

For The Six Months Ended June 30, 2019
Revenue, from external customers	$	7,122		$	26,133		$	9,346		$	—		$	—		$	42,601
Inter-segment revenue	63			—			3			—			(66		)	—
Total revenue	$	7,185		$	26,133		$	9,349		$	—		$	(66	)	$	42,601
Adjusted net revenue, from external customers ^(a)	$	6,353		$	10,010		$	4,692		$	—		$	—		$	21,055
Inter-segment adjusted net revenue	61			(58		)	3			—			(6		)	—
Total adjusted net revenue	$	6,414		$	9,952		$	4,695					$	(6	)	$	21,055
EBITDA (loss) ^(b)	$	14		$	314		$	(317	)	$	(2,874	)	$	—		$	(2,863	)
Depreciation and amortization	(9		)	(15		)	(13		)	(2		)	—			(39		)
Intercompany interest (expense) income, net	—			(201		)	—			201			—			—
Interest income, net	—			—			—			438			—			438
Income (loss) from continuing operations before income taxes	$	5		$	98		$	(330	)	$	(2,237	)	$	—		$	(2,464	)

As of June 30, 2019
Accounts receivable, net	$	3,336		$	8,106		$	3,005		$	(65	)	$	—		$	14,382
Total assets	$	4,742		$	11,654		$	6,674		$	23,063		$	—		$	46,133

(a)

Adjusted net revenue is net of the Direct contracting costs and reimbursed expenses caption on the Condensed Consolidated Statements of Operations. Direct contracting costs and reimbursed expenses include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. The region where services are provided, the mix of RPO recruitment and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption "Salaries and related" in the Consolidated Statements of Operations.

(b)

SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company's operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company's profitability.

Geographic Data Reporting

A summary of revenues for the three and six months ended June 30, 2020 and 2019 and net assets by geographic area as of June 30, 2020 and 2019, presented net of discontinued operations, were as follows:



	Australia		United Kingdom		United States		Other		Total
For The Three Months Ended June 30, 2020
Revenue ^(a)	$	16,966	$	3,027	$	1,900	$	2,680	$	24,573
For The Three Months Ended June 30, 2019
Revenue ^(a)	$	15,289	$	4,488	$	3,689	$	2,948	$	26,414
For The Six Months Ended June 30, 2020
Revenue ^(a)	$	31,997	$	6,478	$	4,773	$	5,456	$	48,704
For The Six Months Ended June 30, 2019
Revenue ^(a)	$	22,057	$	8,499	$	6,540	$	5,505	$	42,601
As of June 30, 2020
Net assets	$	4,354	$	1,927	$	19,580	$	6,531	$	32,392
As of June 30, 2019
Net assets	$	3,745	$	2,447	$	22,862	$	4,970	$	34,024

(a) Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary.