Tag - VSR

Versar Inc. (AMEX: VSR)
Springfield, VA  22151
http://www.versar.com/

52-week low / high: $3.49 / $15.35
Shares Outstanding:  8.78 million
Market Capitalization:  $76.60 million

Versar, Inc. provides infrastructure management (facilities management, construction and environmental compliance) and homeland security services to the United States government and private sector worldwide. Clients include: the Department of State, Defense Logistics Agency, Army Corps of Engineers, the General Services Administration, as well as various agencies within the Commonwealth of Virginia.

The Department of Defense (DoD) uses Versar to support its facilities in the areas of detection, management, prevention, and clean-up of toxic or hazardous waste. Versar currently performs support activities at Vandenberg AFB, Beale AFB and Buckley AFB in the United States, and Ramstein and Moron AFB in Europe.

Versar also operates GEOMET Technologies, which manufactures chemical protective suits and associated equipment to United States and Australian military services. This division also provides testing services of chemical protective equipment and clothing, evaluation of detection equipment and analysis of environmental samples, as well as site remediation and environmental cleanup support among other services.

Net income for fiscal year 2006 was $1,347,000, or $0.16 per share, compared to a net income of $202,000, or $0.02 per share, in fiscal year 2005. The company’s funded contract backlog was up 55% over 2005 to $48 million; however, 2006 revenues were $60.9 million, down 10% from 2005. The decrease was largely due to late passage of the Iraq supplemental appropriation and associated contract-funding delays by the DoD, due to the Iraq war.

 

Versar Inc. (AMEX: VSR)
Springfield, VA  22151
http://www.versar.com/

52-week low / high: $3.49 / $15.35
Shares Outstanding:  8.78 million
Market Capitalization:  $76.60 million

Versar, Inc. provides infrastructure management (facilities management, construction and environmental compliance) and homeland security services to the United States government and private sector worldwide. Clients include: the Department of State, Defense Logistics Agency, Army Corps of Engineers, the General Services Administration, as well as various agencies within the Commonwealth of Virginia.

The Department of Defense (DoD) uses Versar to support its facilities in the areas of detection, management, prevention, and clean-up of toxic or hazardous waste. Versar currently performs support activities at Vandenberg AFB, Beale AFB and Buckley AFB in the United States, and Ramstein and Moron AFB in Europe.

Versar also operates GEOMET Technologies, which manufactures chemical protective suits and associated equipment to United States and Australian military services. This division also provides testing services of chemical protective equipment and clothing, evaluation of detection equipment and analysis of environmental samples, as well as site remediation and environmental cleanup support among other services.

Net income for fiscal year 2006 was $1,347,000, or $0.16 per share, compared to a net income of $202,000, or $0.02 per share, in fiscal year 2005. The company’s funded contract backlog was up 55% over 2005 to $48 million; however, 2006 revenues were $60.9 million, down 10% from 2005. The decrease was largely due to late passage of the Iraq supplemental appropriation and associated contract-funding delays by the DoD, due to the Iraq war.

 

Shares of Versar, Inc. (Amex: VSR) are on the uptick today after the professional services firm reported robust revenue and earnings for fiscal year 2007.

For the fiscal year ended June 29, 2007, the Springfield, Va.-based company reported that net income increased 292% to $5.3 million, or $0.62 per share, from $1.3 million, or $0.16 per share in fiscal year 2006. No analyst estimates were available.

Gross revenue for the year was $102.7 million, or 69% greater than revenue of $31.8 million earned in the prior fiscal year.

Net income for the fourth quarter of fiscal year 2007 was $803,000 compared with a quarterly loss of $199,000 during the same period last year. Gross revenue for the company’s fourth quarter increased 69% to approximately $30.2 million.

Versar said the strong results can be attributed to large program management projects for the Air Force and Army’s rebuilding efforts in Iraq as well as large construction projects and public aquatic facilities in the United States.

Qiao Xing Universal Telephone Inc. (Nasdaq: XING), Provident Financial Holdings Inc. (Nasdaq: PROV) and Colonial Bankshares Inc. (Nasdaq: COBK) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

GPC Biotech AG (Nasdaq: GPCB), Wavecom S.A. (Nasdaq: WVCM) and Versar Inc. (AMEX: VSR) are the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

Wall Street is posting solid gains this morning on news of positive U.S. retail sales in June.

At 10:33 a.m. ET the Russell 2000 had gained 7.95 points, or 0.95 percent, to 847.92. The Dow Jones Industrial Average was up 126.89 points, or 0.93 percent, to 13,704.76, above its record close of 13,676.32 on June 4.

U.S. retailers increased their sales in June, led by Wal-Mart Stores Inc. (NYSE: WMT), which announced that same-store sales increased 2.4%, beating its own expectations. The Bentonville, Ark.-based giant had projected a rise of no more than 2%.

The rise in retail sales suggests that the American consumer remains resilient in the face of higher gas prices.

However, department stores Macy’s Inc. (NYSE: M) and J. C. Penney Company Inc. (NYSE: JCP) and Saks Inc. (NYSE: SKS), which operates Saks Fifth Avenue, saw a decline in June comparable store sales.

In economic news, the U.S. trade deficit in May widened to $60.04 billion from $58.67 billion in April, the Commerce Department said before the opening bell. That’s inline with expectations.

The following were the most actively traded companies in Thursday’s trading among those with market capitalizations under $500 million.

A management-led team of truckload carrier U.S. Xpress Enterprises (Nasdaq: XPRSA) announced it plans to initiate a $20 per share offer for all class A common stock.

The Associated Press reported on Sunday that General Electric Co. (NYSE: GE) is buying thin film products from DayStar Technologies Inc. (Nasdaq: DSTI).

America First Apartment Investors, Inc. (Nasdaq: APRO) reported it has signed a contract with Sentinel Omaha LLC, an affiliate of the privately held Sentinel Real Estate Corp., for $25.30 per share, or about $532 million in cash.

Professional services company Versar Inc. (AMEX: VSR) announced it was awarded a design and build contract for the U.S. Army Corps of Engineers. The contract is associated with the base realignment and closure program at Fort Lee, Va.

Orexigen Therapeutics, Inc. (Nasdaq: OREX) announced its weight loss treatment Contrave showed a positive effect on visceral fat and insulin resistance in a mid-phase study.

European hedge fund firm GLG Partners announced its plan to go public though a transaction with Freedom Acquisition Holdings, Inc. (AMEX: FRH).

Citing a new management team and expansion outside its core denim business, CIBC World Markets upgraded True Religion Apparel, Inc. (Nasdaq: TRLG) to “sector outperformer” from “sector performer.”

These are the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million:

Brean Murray maintained its "sell" rating on Neurochem Inc. (Nasdaq: NRMX).

 

These are the biggest percentage losers in Friday's trading among companies with market capitalizations under $500 million:

The Russell 2000 lost nearly a full percentage point while the Dow set a new record as investors reacted to news of mild U.S. inflation in April.  In small cap action, shares of LanOptics Ltd. (Nasdaq: LNOP) fell on news of a quarterly loss, while InPhonic, Inc. (Nasdaq: INPC) dropped on an announcement that it’s facing a new class action lawsuit.

The Russell 2000 lost 8.15 points, or 0.99%, to 814.18.  That’s 20.59 below its record close of 834.77, achieved on May 9.  The Dow Jones Industrial Average added 37.06 points, or 0.28%, to a new record close of 13,383.84.

These are the biggest percentage gainers among companies with market capitalizations under $500 million: