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TSR, Inc. (TSRI) reported Q2 financial results for the period ending November 30, 2020, revealing a revenue increase of 5.5% year-over-year, amounting to $16.0 million. However, the company faced operational loss of $224,000 compared to an income of $64,000 in Q2 2019, with a net loss of $247,000 versus a net income of $62,000 the previous year. The CEO attributed revenue growth largely to the acquisition of Geneva Consulting Group, though the underlying revenue would have declined by 7.4% without it. Selling and administrative expenses rose considerably, heavily influenced by the new acquisition.
TSR, Inc. (Nasdaq: TSRI) reported Q1 results for the quarter ended August 31, 2020. Revenue decreased by 2.9% year-over-year to $14.5 million, attributed to a reduced number of consultants billing. However, the company achieved an operating income of $60,000, a significant improvement from a loss of $914,000 in the previous year. Net loss narrowed to $3,000 or less than $0.01 per share compared to a loss of $663,000 or $0.34 per share last year. Additionally, TSR announced the acquisition of Geneva Consulting Group to drive growth.