TSR, Inc. Shareholders to Receive Total Cash Consideration of $13.40 per share Vienna Parent Corporation, a newly formed special purpose entity ("Vienna Parent") formed by Justin Christian, announced today that it has entered into a definitive agreement to acquire TSR, Inc. ("TSR") (NASDAQ:TSRI). Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent ("Vienna Sub"), will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing an equity value of approximately $29 million. The total consideration payable to TSR's shareholders represents a 73.8% premium to TSR's closing pr

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

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, 2023. For the quarter ended November 30, 2023, revenue decreased 16.8% from the same quarter last year to $21.7 million. Net income attributable to TSR for the current quarter was $460,000, or $0.20 per diluted share, as compared to net income of $674,000, or $0.30 per share, in the prior year quarter. The Company ended the quarter with a strong balance sheet with $14.8 million in net working capital or approximately $6.91 per share. Thomas Salerno, our CEO, stated: "Primarily as the result

Net Income increased 10.5% from Q1 FY23 TSR, Inc. (NASDAQ:TSRI) ("TSR" or "The Company"), a provider of information technology consulting and recruiting services, today announced its financial results for the first quarter ended August 31, 2023. For the quarter ended August 31, 2023, revenue decreased 14.1% from the same quarter last year to $22.5 million. Net income attributable to TSR for the current quarter was $547,000, or $0.24 per diluted share, as compared to $495,000, or $0.22 per share, in the prior year's first quarter. The Company ended the quarter with a strong balance sheet with $14.25 million in net working capital or approximately $6.65 per share. Thomas Salerno, our CE

TSR, Inc. (NASDAQ:TSRI) ("TSR" or the "Company"), a provider of information technology consulting and recruiting services, today announced that its Board of Directors has initiated a process to identify and evaluate potential strategic alternatives to maximize shareholder value. The Company expects to consider a range of options, which may include a sale of or acquisitions by the Company or a special dividend, as well as other potential alternatives. The Company has retained Focus Investment Banking, LLC as its financial advisor and Shulman Rogers as its legal advisor to assist the Board in the evaluation process. Brad Tirpak, Chairman of TSR, said, "Over the last few years, TSR's managem

Annual Revenues Exceeded $100mm for the first time in Company's History Company Recorded Highest Operating Income in over 15 years TSR, Inc. (NASDAQ:TSRI) ("TSR" or "The Company"), a provider of information technology consulting and recruiting services, today announced financial results for the fiscal year and fourth quarter ended May 31, 2023. For the quarter ended May 31, 2023, revenue decreased 4.8% from the same quarter last year to $24.9 million. Net income attributable to TSR for the current quarter was $494,000, or $0.22 per diluted share, as compared to $321,000, or $0.15 per share, in the prior year's fourth quarter. The Company ended the quarter with a strong balance sheet w

Net Income for FY23 Q3 Versus a Net Loss in FY22 Q3 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 28, 2023. For the quarter ended February 28, 2023, revenue decreased 0.5% from the same quarter last year to $24.3 million. Net income attributable to TSR for the current quarter was $80,000, or $0.04 per diluted share, as compared to a net loss of $47,000, or $(0.02) per share, in the prior year's third quarter. Thomas Salerno, our CEO, stated: "Improvements this quarter resulted in income from operations of $221,000 as compared to a loss fro

TSR, Inc. (NASDAQ:TSRI) ("TSR" or "The Company"), a provider of information technology consulting and recruiting services, today announced the promotion of two key employees. TSR is proud to announce the promotions of Yvette Fisher to Vice President, Director of Human Resources and Denise Briggs Newman to Vice President, Director of Accounting. Thomas Salerno, our CEO, stated: "The amazing people that work behind the scenes at TSR corporate office do not always receive the spotlight they deserve, but they are the backbone of our organization and the fuel that keeps the engine running smoothly. Two exemplary examples on this team are Yvette and Denise, who have a combined 33 years' experie

Income from Operations increased 142% from Q2 FY22 Revenue increased 9.1% from Q2 FY22 Share Repurchase Program Commenced Q2 FY23 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, 2022. For the quarter ended November 30, 2022, revenue increased 9.1% from the same quarter last year to $26.0 million. Net income attributable to TSR for the current quarter was $674,000, or $0.30 per diluted share, as compared to net income of $243,000, or $0.12 per share, in the prior year quarter. Thomas Salerno, our CEO, stated: "Our operating income increased

TSR, Inc. (NASDAQ:TSRI), a provider of information technology consulting and recruiting services, today announced its main operating subsidiary TSR Consulting Services, Inc. has made a significant strategic hire. TSR Consulting Services, Inc. is extremely excited to announce the hiring of Karen Levy, Principal Partner of Iprofs, LLC, a woman owned Information Technology Staffing Firm that she founded in 1992. Karen has been providing top tier talent to blue chip clients for over 30 years and has grown into a nationwide leader in permanent placements, staff augmentation, and retained search services. President and CEO, Thomas Salerno stated, "Karen brings to TSR an unparalleled work ethic,