TSR Inc. reported revenue of $10.5 million for the fiscal third quarter, down 5.2% from $11.1 million during the same period in 2012. Revenue for the nine months ended in February was $32.4 million, down from $33.6 million during the same period in 2012. The company also reported a net loss from operations of $377,000 for the third quarter, up from a loss of $140,000 during the same period last year. For the nine months ended in February, the company posted a net loss from operations of $749,000, compared to net income of $45,000 during the same period in 2012.
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.