TSR, Inc. Reports Record Revenue for the First Quarter Ended August 31, 2021
TSR, Inc. (TSRI)
US:NASDAQ Investor Relations:
tsrconsulting.com/investor-relations.php
Company Research
Source: Business Wire
Revenue increase 57.5% from 1Q21 and 8.5% from 4Q21 HAUPPAUGE, N.Y.--(BUSINESS WIRE)--TSR, Inc. (Nasdaq: TSRI) (“TSR or “The Company”), a provider of information technology consulting and recruiting services, today announced financial results for the first quarter ended August 31, 2021.For the quarter ended August 31, 2021, revenue increased 57.5% from the same quarter last year to $22.9 million. Net income attributable to TSR for the current quarter was $6,402,000, or $3.18 per diluted share, as compared to net loss of ($3,000), or less than $0.01 per share, in the prior year quarter.Thomas Salerno, our CEO, stated “Revenue increased 57.5% for the first quarter due to new business development, our acquisition, and organic growth. Operating loss for the current quarter was $355,000 as compared to operating income of $60,000 in the prior year quarter. The current quarter included a charge of $580,000 related to the settlement of litigation with our former CEO. Without this one-time
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