Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent, 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 price on May 14, 2024.
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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
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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
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, 2021. For the quarter ended February 28, 2021, revenue increased 21.3% from the same quarter last year to $17.1 million. The loss from operations for the current quarter was $339,000 as compared to an operating loss of $1,251,000 in the prior year quarter. Net loss attributable to TSR for the current quarter was $305,000 as compared to a net loss attributable to TSR of $945,000 in the prior year quarter. Additionally, basic and diluted net loss per share for the current quarter was $0.16 compare
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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
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 0.1% on Thursday. The Dow traded up 0.01% to 39,912.06 while the NASDAQ fell 0.10% to 16,726.17. The S&P 500 also fell, dropping, 0.04% to 5,306.04. Check This Out: Oklo Is ‘Too Risky,’ Jim Cramer Says: Buy This General Electric Spinoff Instead Leading and Lagging SectorsConsumer staples shares rose by 1.7% on Thursday. In trading on Thursday, materials shares fell by 0.5%. Top Headline Deere & Co (NYSE:DE) reported upbeat second-quarter earnings, but lowered its net income 2024 outlook. The company's net sales and revenue declined 12% year-over-year to $15.235 billion, beating
Shares of Fluent Inc (NASDAQ:FLNT) fell sharply during Thursday's session after posting weaker-than-expected quarterly results. Fluent posted adjusted loss of 30 cents per share, versus market expectations for a loss of 10 cents per share. The company's quarterly sales came in at $65.983 million missing estimates of $66.433 million, according to data from Benzinga Pro. Fluent shares dipped 12.6% to $3.47 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Lucy Scientific Discovery Inc. (NASDAQ:LSDI) shares jumped 239% to $1.75. Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) jumped 100% to $0.1196 after jumping around 34% on Wednesday.
Gainers TSR (NASDAQ:TSRI) stock moved upwards by 69.5% to $13.12 during Thursday's regular session. The company's market cap stands at $28.4 million. Cyngn (NASDAQ:CYN) shares increased by 52.68% to $0.13. The market value of their outstanding shares is at $14.3 million. Ascent Solar Technologies (NASDAQ:ASTI) shares moved upwards by 40.45% to $0.15. The company's market cap stands at $4.7 million. Maxeon Solar Technologies (NASDAQ:MAXN) shares rose 17.18% to $3.0. The market value of their outstanding shares is at $158.3 million. Verb Tech (NASDAQ:VERB) stock moved upwards by 16.78% to $0.16. The company's market cap stands at $12.6 million. As per the news, the Q1 earnings report came