TSR, Inc. Reports Results for the Second Quarter Ended November 30, 2023 [Yahoo! Finance]
TSR, Inc. (TSRI)
US:NASDAQ Investor Relations:
tsrconsulting.com/investor-relations.php
Company Research
Source: Yahoo! Finance
and recruiting services, today announced financial results for the second quarter ended November 30, 2023. For the quarter ended November 30, 2023, revenue decreased 16.8% from the same quarter last year to $21.7 million. Net income attributable to TSR for the current quarter was $460,000, or $0.20 per diluted share, as compared to net income of $674,000, or $0.30 per share, in the prior year quarter. The Company ended the quarter with a strong balance sheet with $14.8 million in net working capital or approximately $6.91 per share. Thomas Salerno, our CEO, stated: "Primarily as the result of decreases in the number of clerical and administrative contractors on billing with customers, revenue decreased 16.8% from the prior year quarter. This resulted in net income of $460,000 as compared to $674,000 in the prior year's second quarter. As always, we continue to focus on controlling costs, which has helped us maintain profitability while customers are reducing their spending. In the
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