TSR, Inc. Reports Results for the Third Quarter Ended February 29, 2024
TSR, Inc. (TSRI)
US:NASDAQ Investor Relations:
tsrconsulting.com/investor-relations.php
Company Research
Source: Business Wire
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 third quarter ended February 29, 2024.For the quarter ended February 29, 2024, revenue decreased 18.8% from the same quarter last year to $19.7 million. Net income attributable to TSR for the current quarter was $411,000, or $0.19 per diluted share, as compared to net income of $80,000, or $0.04 per share, in the prior year quarter. The Company ended the quarter with a strong balance sheet with $15.2 million in net working capital or approximately $7.03 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 18.8% from the prior year quarter. Our fiscal third quarter is traditionally the most challenging of the year. Workdays are reduced due to the holiday sea
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