Versar (VSR) Reports Q2 EPS of $0.01
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Versar, Inc. Announces Second Quarter Fiscal 2016 Results
February 16, 2016 8:15 AM ESTSPRINGFIELD, Va., Feb. 16, 2016 /PRNewswire/ --Â Versar, Inc. (NYSE MKT: VSR) today announced financial results for the second quarter and six months ended January 1, 2016.Â
Financial Results
Revenue for the second quarter of fiscal year 2016 increased 39% to $47.3 million, compared to revenues of $34.2 million during the second quarter of the last fiscal year and by 5% sequentially as compared to the fiscal first quarter of 2016. Â Gross margin decreased to 8%, compared to 10% in the same prior year quarter, primarily due to product mix, but increased sequentially as compared to gross margin of 5% in the first quarter of fiscal... More
