crudeoil24
3 years ago
TSR, Inc. Reports Record Revenue for the Second Quarter Ended November 30, 2021
5:00 pm ET January 10, 2022 (BusinessWire) Print
--Balance Sheet Remains Strong with over $6.2 million in Net Cash
TSR, Inc. (Nasdaq: TSRI) ("TSR or "The Company"), a provider of information technology consulting and recruiting services, today announced financial results for the second quarter ended November 30, 2021.
For the quarter ended November 30, 2021, revenue increased 48.5% to $23.9 million as compared to revenue of $16.1 million in the prior year second quarter. Net income attributable to TSR for the current quarter was $243,000, or $0.12 per diluted share, as compared to net loss of ($247,000), or $0.13 per diluted share in the prior year quarter. The Company ended the quarter with a strong balance sheet with $6.3 million in cash and less than $50,000 in debt, resulting in net cash in excess of $6.2 million, or $3 per share.
Thomas Salerno, our CEO, stated "The demand for staffing services remained robust in the quarter. Our revenue increased 48.5% for the second quarter due to organic growth from new and existing customers. Operating income for the current quarter was $415,000 as compared to an operating loss of $223,000 in the prior year quarter. If our current trends continue, we expect operating income to continue to grow as we leverage selling, general and administrative expenses."
Both the second quarter of fiscal 2022 and the second quarter of fiscal 2021 contained results from the acquisition of Geneva Consulting Group, Inc. ("Geneva") which closed on September 1, 2020.
"TSR's operational team as well as the hundreds of high-quality consultants working with our clients are all doing a fantastic job. We spent the first part of the 2021 calendar year building the team and modernizing several of our back office systems and we are now seeing some of the benefits of those investments with both sequential growth in revenues and solid operating income. We believe our strong balance sheet and largely untapped credit facility provide us the ability to further accelerate revenue and earnings growth through acquisitions."
The Company will file its Form 10-Q for the quarter year ended November 30, 2021 today with further details at www.sec.gov.
About TSR, Inc.
Founded in 1969, TSR, Inc. is a leading staffing company focused on recruiting Information Technology professionals for short- and long-term assignments, permanent placements, and project work. For over 50 years, TSR has successfully served clients in banking, asset management, pharmaceuticals, insurance, health care, public utility, publishing and other industries. We provide candidate screening, timely placement and a real understanding of the right skill sets required by our clients. To learn more, please visit our website at www.tsrconsulting.com.
TSR, Inc. Reports Record Revenue for the Second Quarter Ended November 30, 2021 (Continued)
Certain statements contained herein, including statements as to the Company's plans, future prospects and future cash flow requirements are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those set forth in the forward-looking statements due to known and unknown risks and uncertainties, including but not limited to, the following: the statements concerning the success of the Company's plan for growth, both internally and through the previously announced pursuit of suitable acquisition candidates; the successful integration of announced and completed acquisitions and any related benefits therefrom; the impact of adverse economic conditions on client spending which have a negative impact on the Company's business, which include, but are not limited to, the current adverse economic conditions associated with the COVID-19 global health pandemic and the associated financial crisis, stay-at-home and other orders which may significantly reduce client spending, and which may have a negative impact on the Company's business; risks relating to the competitive nature of the markets for contract computer programming services; the extent to which market conditions for the Company's contract computer programming services will continue to adversely affect the Company's business; the concentration of the Company's business with certain customers; uncertainty as to the Company's ability to maintain its relations with existing customers and expand its business; the impact of changes in the industry such as the use of vendor management companies in connection with the consultant procurement process; the increase in customers moving IT operations offshore; the Company's ability to adapt to changing market conditions; the risks, uncertainties and expense of the legal proceedings to which the Company is a party; and other risks and uncertainties described in the Company's filings under the Securities Exchange Act of 1934. The Company is under no obligation to publicly update or revise forward-looking statements.
stocktrademan
10 years ago
$TSRI recent news/filings
bearish
## source: finance.yahoo.com
Wed, 29 Apr 2015 22:15:16 GMT ~ Nasdaq stocks posting largest percentage increases
[AP] - A look at the 10 biggest percentage gainers on Nasdaq at the close of trading: Tonix Pharma rose 26.5 percent to $7.40. Trillium Therapeutic rose 16.4 percent to $11.12. Ebix Inc. rose 14.3 percent to ...
read full: http://sg.finance.yahoo.com/news/nasdaq-stocks-posting-largest-percentage-220237991--finance.html
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Tue, 28 Apr 2015 21:00:19 GMT ~ TSR INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/150428/tsri8-k.html
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Fri, 24 Apr 2015 00:10:35 GMT ~ 10-Q for TSR, Inc.
read full: http://www.companyspotlight.com/routers/headline/24695/10004/6463085?cp_code=YAH1&1429834235
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Wed, 15 Apr 2015 16:03:07 GMT ~ TSR INC Financials
read full: http://finance.yahoo.com/q/is?s=tsri
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Tue, 14 Apr 2015 09:16:47 GMT ~ Alliance Trust steps up search for independent non-exec
read full: http://uk.finance.yahoo.com/news/alliance-trust-steps-search-independent-091647229.html
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$TSRI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$TSRI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/TSRI/company-info
Ticker: $TSRI
OTC Market Place: Not Available
CIK code: 0000098338
Company name: TSR, Inc.
Company website: http://www.tsrconsulting.com
Incorporated In: DE, USA
$TSRI share structure
## source: otcmarkets.com
Market Value: $7,181,343 a/o May 13, 2015
Shares Outstanding: 1,962,062 a/o Jul 31, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$TSRI extra dd links
Company name: TSR, Inc.
Company website: http://www.tsrconsulting.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=TSRI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=TSRI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=TSRI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/TSRI/news - http://finance.yahoo.com/q/h?s=TSRI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/TSRI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/TSRI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=TSRI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/TSRI
DTCC (dtcc.com): http://search2.dtcc.com/?q=TSR%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=TSR%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=TSR%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.tsrconsulting.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.tsrconsulting.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.tsrconsulting.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/TSRI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000098338&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/TSRI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/TSRI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=TSRI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=TSRI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/TSRI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=TSRI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=TSRI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=TSRI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=TSRI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=TSRI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/TSRI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=TSRI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/TSRI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=TSRI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/TSRI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/TSRI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/TSRI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/TSRI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/TSRI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=TSRI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TSRI
$TSRI DD Notes ~ http://www.ddnotesmaker.com/TSRI
Penny Roger$
12 years ago
TSR, Inc.is engaged in the business of providing contract computer programming services to its clients. The Company provides its clients with technical computer personnel to supplement their in-house information technology (IT) capabilities. During the year ended May 31, 2011, the Company provided IT staffing services to approximately 71 clients.The Companyβs contract computer programming services involve the provision of technical staff to clients to meet the specialized requirements of their IT operations. The Company has staffing capabilities in the areas of mainframe and mid-range computer operations, personal computers and client-server support, Internet and e-commerce operations, voice and data communications (including local and wide area networks) and help desk support.The Companyβs services provide clients with flexibility in staffing their day-to-day operations, as well as special projects, on a short-term or long-term basis.
http://www.google.com/finance?q=TSRI