Travel nurse revenue in the first quarter was $334 million, a decrease of 44% from the prior year period and 5% from the prior quarter.

May 9, 2024 / CFO / receipt, needs a key / Jeff Knusten, CFO | earnings call 2024-05-09 | transcript cbff10b5-a79e-40fc-b842-43109883545a | chars 11976-12111 | segment 12

Nurse and allied gross margin in the first quarter was 25.1%, which decreased 80 basis points year-over-year and 40 basis points sequentially. The decrease in gross margin year-over-year was primarily due to lower margin in travel nurse, driven by less leverage over housing travel and allowances and inflation in these expenses, offset in part by a favorable revenue mix shift as the year-over-year declines in travel nurse outpaced the rest of the segment.

May 9, 2024 / CFO / receipt, needs a key / Jeff Knusten, CFO | earnings call 2024-05-09 | transcript cbff10b5-a79e-40fc-b842-43109883545a | chars 12209-12667 | segment 12

VMS revenue for the quarter was $29 million, a decrease of 46% year over year and 5% sequentially, in line with trends in our travel nurse business.

May 9, 2024 / CFO / receipt, needs a key / Jeff Knusten, CFO | earnings call 2024-05-09 | transcript cbff10b5-a79e-40fc-b842-43109883545a | chars 14459-14607 | segment 14