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TSR Inc. fiscal Q3 loss narrows YOY

TSR Inc. said its normalized net income for the fiscal third quarter ended Feb. 29 came to a loss of 1 cents per share, compared with a loss of 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $22,180, compared with a loss of $84,510 in the prior-year period.

The normalized profit margin climbed to negative 0.1% from negative 0.6% in the year-earlier period.

Total revenue climbed 6.1% on an annual basis to $15.1 million from $14.2 million, and total operating expenses increased 5.4% year over year to $15.1 million from $14.3 million.

Reported net income came to a loss of $23,650, or a loss of 1 cents per share, compared to a loss of $84,810, or a loss of 4 cents per share, in the prior-year period.