Palm Coast Data’s revenue was down to $15.6 million in the last quarter, less than half the $32.2 million it recorded in the quarter preceding its agreement to consolidate in Palm Coast. The company won’t say how many jobs are on its Palm Coast payroll.
palm coast data
Mike Taschler, Palm Coast Data VP and COO, Is Out as Revenue Continues to Fall
Taschler’s departure follows less than three months after the resignation of Palm Coast Data CEO John Meneough, and three weeks after the company posted another steep revenue decline.
Palm Coast Data Lays Off 18 More, This Time in Magazine Customer Service
The Palm Coast Data layoffs are the latest in a string of job losses that have struck the company’s warehouse, membership services, IT and management.
Palm Coast Data CEO John Meneough Resigns After 15 Years As Company Struggles
John Meneough, 62, had been with Palm Coast Data in its various incarnations since 1996. A successor has not been named. Meneough’s resignation is part of broader changes at Palm Coast Data parent Amrep Corp.
Palm Coast Data Revenue Drops 20% in 2011; Parent Company Posts $7.6 Million Loss
Revenue at Palm Coast’s largest private-sector employer declined to $73.6 million, from $92 million the previous year. The company’s revenue has dropped 40 percent in four years.
Palm Coast Data Lays Off Dozens and Loses Large NRA Membership Services Account
The NRA account represented 5 million members and a lucrative source of income. The loss compounds other losses in magazine titles that are either closing or migrating to other fulfillment companies.
Cancel This Subscription: Palm Coast Data Revenue Plummets Another 21% in 3Q
Palm Coast Data revenue fell $15.7 million in the last nine months, compared with the same period a year earlier as trouble for the company and its parent, Amrep, continue.
Palm Coast Data Lays Off 31 More As Another Major Customer Plans to End Its Contract
A principal shareholder of Palm Coast Data parent Amrep Corp. and customer of Palm Coast Data is ending its association with both. The company is nowhere near its 2008 pledge to hire 700 more employees locally.
Palm Coast Data Parent’s Headaches: Diving Revenue and $22.5 Million Loan Due
At Palm Coast Data, revenue declined $10.9 million in the six months ending Oct. 31, a 22 percent decline from the same period last year. Palm Coast Data parent AMREP Corp.’s Southwest subsidiary owes a $22.5 million loan to be repaid on Dec. 16.
Palm Coast Data’s Invitation-Only Picnic: Hot Dogs, Flattery and Suspended Disbelief
Half Palm Coast and the county’s elected officials and top administrators were invited to Palm Coast Data’s picnic. The public wasn’t. That’s not the main problem.