Versar, Inc. Announces First Quarter FY 2011 EPS of $.06

Versar, Inc. (VSR) today announced its financial results for its first quarter fiscal year 2011, ended September 24, 2010. Gross revenue for the first quarter was $29,296,000, a 19% increase from the $24,714,000 reported in the first quarter of fiscal year 2010. Net income for the first quarter of fiscal year 2011 was $539,000, or $0.06 per share compared to $237,000 or $0.03 per share for the same period last year. First quarter FY 2011 operating income of $876,000 was 132% higher than the $378,000 reported during the same period last year.