Versar (VSR) Reports Q4 EPS of $0.09

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Vanstar Announces Corporate Changes

September 15, 2015 8:31 AM EDT

LA PRAIRIE, QUEBEC -- (Marketwired) -- 09/15/15 -- The management of Vanstar Mining Resources Inc. (TSX VENTURE: VSR) wishes to announce the following corporate changes. Mr. Denis Tremblay was appointed as the new CFO and Corporate Secretary of the Company, following the resignation of Liette Nadon, effective September 30. Mr. Tremblay has been managing public companies for the last... More

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

September 15, 2015 8:30 AM EDT

SPRINGFIELD, Va., Sept. 15, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) today announced financial results for the fiscal fourth quarter and year ended June 26, 2015. 

Financial Results

Gross revenue for the fourth quarter of fiscal year 2015 increased 126% to $56.3 million, compared to revenues of $24.9 million during the fourth quarter of the last fiscal year.  Sequentially, revenues increased 41% as compared to the third quarter of fiscal 2015.  Gross margins improved to 8%, compared to 4% in the same prior year quarter.  Net income for the quarter was $954,000 or $0.09 per share compared to... More