TSS INC - TSSI STOCK NEWS

TSS, a data center services company, reported its Q1 2024 results showing significant growth. Revenue surged by 142% to $15.9 million compared to Q1 2023's $6.6 million. Procurement revenues soared to $11.6 million, up from $1.7 million. Gross profits increased by 61%, and operating income improved by $918,000, reaching $253,000 from a prior loss of $665,000. Net income was $15,000, translating to $0.00 per share, a recovery from a loss of $786,000 or $(0.04) per share. Adjusted EBITDA saw a 209% rise to $475,000 from a loss of $436,000 last year.

CEO Darryll Dewan attributes the gains to strategic growth initiatives and increased production capacity to meet the rising demand for Generative AI computing solutions. TSS expects continued financial improvements in 2024. A conference call to discuss these results is scheduled for May 14, 2024, at 4:30 PM Eastern.

TSS, Inc. will report financial results for its first quarter 2024 on May 14th, 2024. The company specializes in data center services, integrating high-performance computing infrastructure and software. Investors can participate in the conference call by dialing 1-888-596-4144 (U.S.) or 1-646-968-2525 (international) with event ID 1261274. An audio webcast will be available on the company's website, with replays accessible for a time.

TSS, Inc. (TSSI) reported strong financial results for Q4 and fiscal year 2023, with significant revenue growth and improved operating income. The company saw a 78% revenue increase in 2023 and a 91% rise in operating income compared to 2022. Adjusted EBITDA also showed positive growth. CEO Darryll Dewan highlighted operational improvements, investments in growth, and new service offerings. TSS is positioned to benefit from the evolving data center market trends, including generative AI and cybersecurity technologies.

TSS, Inc. (TSSI) will report financial results for Q4 and fiscal 2023 on March 28, 2024, with a conference call scheduled. Investors can access the call through dial-in or webcast.

Total Site Solutions (TSS) introduces Data Center Moves service to aid businesses in seamless relocation of critical infrastructure. CEO Darryll Dewan highlights the benefits of the service, emphasizing efficiency, risk mitigation, standard logistics, cost savings, and simplified complexity.

Total Site Solutions (TSS) discusses the impact of AI and ML on data centers and digital transformation in 2024. Key trends include modular data centers, security and compliance challenges, energy efficiency, and addressing the skills gap.

TSS, Inc. (TSSI) Reports Strong Financial Results for Q3 2023, Plans for Future Growth and Expansion. The company's third-quarter revenue increased to $8.9 million, with reseller revenues at $5.4 million. Gross margin was 32%, and operating income was $715,000. Year-to-date revenue reached $30.0 million, with reseller revenues at $17.7 million. However, gross margin decreased to 26%, and the company reported a net loss of $262,000. Adjusted EBITDA for Q3 2023 was $940,000, and $1,727,000 year-to-date. TSS plans to expand direct selling capabilities and improve communication to capture growth in the IT market driven by AI, cyber-security, and data analytics.

TSS, Inc. will report financial results for its third quarter 2023 on November 13th, 2023. The Company will conduct a conference call at 4.30 p.m. eastern time that day. Investors may participate by dialing 1-888-596-4144 (U.S.) or 1-646-968-2525 (international). A live audio webcast will be available on the Company's website. An audio replay of the conference call will be available until December 13, 2023.

TSS, Inc. appoints Jim Olivier as Chief Revenue Officer