Versar (VSR) Reports Q3 EPS of $0.03

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Versar, Inc. Announces Record Revenues For Third Quarter Fiscal 2015

May 8, 2015 8:15 AM EDT

SPRINGFIELD, Va., May 8, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) today announced financial results for the fiscal third quarter and nine months ended March 27, 2015. 

Financial Results

Gross revenue for the third quarter of fiscal year 2015 increased 41% to $39.8 million, compared to revenues of $28.2 million during the third quarter of the last fiscal year.  Sequentially, revenues increased 16% as compared to the second quarter of fiscal 2015.  Gross margins improved to 8%, compared to 5% in the same prior year quarter.  Net income for the quarter was $262,000 or $0.03 per share compared... More