Versar Inc. (VSR) reported a loss of $300,000 or $0.03 per share compared to a profit of $565,000 or $0.06 per share in the second quarter of fiscal year 2009.
Gross revenue for the second quarter of fiscal year 2009 was $24.39 million, a decrease of 13% from the second quarter of fiscal year 2009.
Ted Prociv, president and chief executive of Versar commented, "In addition, we also expect revenue and earnings growth from our merger and acquisition activities and our new business initiatives in Telecom, Munitions Management and Green Energy which we expect to positively impact the remainder of fiscal year 2010."
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