TSR INC: directors' dealings · United States · SEC (Form 4)

About TSR INC

TSR, Inc. is a U.S.-listed company traded on the NASDAQ (ticker: TSRI) and operates in business services, specifically specialized IT staffing and consulting. Founded in 1969, TSR has built its franchise around recruiting and placing information technology professionals for short- and long-term assignments, permanent placements, project work, and contract computer programming services. Its legacy business is closely tied to the New York metropolitan area, although the company describes a broader national commercial reach through its recruiting and sales organization. ([tsrconsulting.com](https://tsrconsulting.com/about-tsr/?utm_source=openai)) In its SEC filings, TSR defines its core activity as providing technical computer personnel to supplement clients’ internal IT capabilities. In practical terms, this places the company at the intersection of specialized staffing and IT consulting, with a value proposition built on candidate screening, timely placement, and maintaining long-term customer relationships. The company serves commercial customers and has meaningful exposure to financial services, utilities, and other large enterprise accounts, often through vendor management intermediaries. ([sec.gov](https://www.sec.gov/Archives/edgar/data/98338/000121390023066312/f10k2023_tsrinc.htm)) TSR’s competitive position is that of a niche, smaller-cap specialist rather than a broad global staffing platform. Its strength lies in relationship-driven client coverage and domain-specific recruiting expertise, not in international scale. The company has historically emphasized durable relationships with major clients, including large financial institutions and utility companies. That customer concentration is an important offset to its franchise value: it supports recurring business, but it also creates dependency risk if large accounts reduce spending or switch vendors. ([sec.gov](https://www.sec.gov/Archives/edgar/data/98338/000121390023066312/f10k2023_tsrinc.htm)) Operationally, TSR derives revenue primarily from computer programming consulting services. Recent reporting shows a business mix shifting toward higher-priced IT contractors, while clerical and administrative staffing declined. The company also noted that this mix shift supported gross margin improvement. TSR is headquartered in Hauppauge, New York, with additional office presence, and competes in a highly fragmented U.S. market characterized by persistent demand for technical talent, pricing pressure, and the growing use of vendor management companies by end customers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/98338/000121390024033015/ea0203498-10q_tsrinc.htm)) Recent developments are relevant for investors. TSR reported weaker revenue over the nine months ended February 29, 2024, but higher net income, helped in part by a settlement with the New York State Office of Unclaimed Property. The company also said it had sufficient liquidity at that time, supported by cash and an asset-based credit facility tied to receivables. For French-speaking investors, TSR remains a small-cap U.S. IT services name on the NASDAQ in the United States, where the key investment debate centers on margin resilience, customer concentration, and the company’s ability to sustain specialized staffing demand. ([sec.gov](https://www.sec.gov/Archives/edgar/data/98338/000121390024033015/ea0203498-10q_tsrinc.htm))