TSR Inc. (NASDAQ: TSRI) reported revenue jumped 42.1% in its fiscal third quarter ended Feb. 28.
“The demand for staffing services remained robust in the quarter,” CEO Thomas Salerno said, adding the increase was driven by organic growth from new and existing customers.
| (US$ thousands) | Q3 2022 | Q3 2021 | % change |
| Net revenue | $24,383 | $17,160 | 42.1% |
| Gross profit | $3,793 | $2,745 | 38.2% |
| Gross margin | 15.6% | 16.0% | |
| Net loss | ($47) | ($305) | nm |
Gross margin narrowed at the Hauppauge, New York-based IT staffing firm; however, net loss decreased.
Share price and market cap
Shares in TSR were down 13.01% to $10.23 as of 11:44 a.m. Eastern time; they were 32.68% above their 52-week low, according to FT.com. The company had a market cap of $23.1 million.