logo
Share SHARE
FONT-SIZE Plus   Neg

TSR Loss Widens In Q3

Computer programming consultancy TSR Inc. (TSRI) Tuesday reported a third quarter loss that widened from last year, due mainly to higher sales cost and operating expenses.

Third-quarter net loss attributable to TSR widened to $93 thousand or $0.05 per share from $67 thousand or $0.03 per share in the prior-year quarter.

Net revenues increased 18.3 percent to $11.1 million from $9.4 million last year.

Operating expenses increased to $11.2 million from $9.5 million last year. Third quarter loss was also driven by a $53 thousand expense on tax.

Joe Hughes, chief executive officer of TSR Inc., stated, "The increase in the net loss was primarily attributable to an increase of cost of sales as a percentage of revenue and also to the increased expenses associated with hiring and training junior technical recruiters."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site. A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
comments powered by Disqus
Follow RTT