TSS, Inc. - TSSI STOCK NEWS

TSS, Inc. (OTC: TSSI), a data center services company, has announced its participation in the 4th Annual CEO Networking Event hosted by Semco Capital. The event, scheduled for August 15, 2024, brings together top companies with strong growth potential and unique business models.

TSS President and CEO Darryll Dewan will represent the company at this exclusive gathering. The event offers an opportunity for investors to connect with leading firms and explore potential growth opportunities. Interested investors can contact Scott Weis at scott@semcocapital.com for more information about attending the event.

This networking event could provide TSS with valuable exposure to potential investors and industry peers, potentially boosting its profile in the data center services sector.

TSS, Inc. (OTC: TSSI), a data center services company, has announced it will report its second quarter 2024 financial results on Wednesday, August 14, 2024. The company will host a conference call at 4:00 p.m. eastern time on the same day to discuss the results. Investors can participate by dialing (800) 715-9871 toll-free from the U.S. or Canada, or 1-(646) 307-1963 for international callers, using the event ID 1261274. A live audio webcast will also be available, with a recorded version accessible for one year following the call. The webcast can be accessed at https://www.webcaster4.com/Webcast/Page/2294/51043.

Total Site Solutions (OTC: TSSI) has promoted Todd Marrott to Chief Operating Officer, effective July 1, 2024. Marrott joined TSS as Senior VP of Operations in November 2022 and has significantly improved the company's operations. CEO Darryll Dewan highlighted Marrott's role in making TSS's Systems Integration business profitable and enhancing production capacity to meet the growing demand for high-performance computing technologies.

Marrott's team achieved ISO certification and established the infrastructure to support advanced generative AI solutions. Under his leadership, TSS has also become a leader in direct liquid cooling solutions. Marrott's extensive experience includes roles at Applied Technical Services, Flex, Solectron, and Moduslink, where he specialized in global operations and supply chain management.

Total Site Solutions (OTC:TSSI), a leader in data center and modular services, has named Danny Chism as its new Chief Financial Officer, effective June 7, 2024. Chism brings over 30 years of leadership experience, having driven scale and profitability in both private and public companies. He replaces John Penver, who served as CFO for a decade and will assist in the transition.

As CFO, Chism will oversee financial strategy and operations, including planning, risk management, reporting, treasury, tax, and investor relations. His prior roles include CFO positions at Goodwill Industries of Central Texas, EZCORP, Inc., Cash Solutions Centers, and Gatsby Investments. He holds a master’s degree in professional accounting and a BBA in Accounting from the University of Texas at Austin.

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.