TSS, Inc. - TSSI STOCK NEWS

TSS, Inc. (TSSI) reported its financial results for Q4 and fiscal year 2022, revealing a Q4 revenue of $10.9 million, down from $14.6 million in Q4 2021. Reseller revenues also decreased to $7.6 million from $11.7 million. Despite a lower gross margin of 18%, up from 12% year-over-year, the company faced an operating loss of $723,000. The fiscal year saw revenue growth to $30.6 million, compared to $27.4 million in 2021, with a notable adjusted EBITDA increase to $2,243,000. Management attributes Q4 losses to one-time CEO transition costs but maintains a positive outlook for 2023, expecting profitable growth.

TSS, Inc. (TSSI) is set to report its fourth-quarter and fiscal 2022 financial results on April 3, 2023. A conference call will take place at 4:30 PM Eastern Time, where investors can participate via phone or access a live audio webcast on the company's investor relations website.

After the call, an audio replay will be available for four hours until May 3, 2023. TSS provides a suite of services for data centers and critical facilities, including system integration and IT procurement, emphasizing its role as a single-source solution for technology needs.

TSS, Inc. (TSSI) reported significant growth in its third-quarter results for 2022, achieving revenue of $8.1 million, up from $4.6 million in Q3 2021. Despite a decrease in gross margin to 34% from 42%, operating income rose to $871,000 compared to $228,000 last year. Net income also improved to $605,000, or $0.03 per share, from $123,000, or $0.01 per share. Year-to-date revenue reached $19.7 million, an increase from $12.8 million in 2021. The company appointed Darryll Dewan as President and CEO, expressing optimism for future growth and demand.

TSS, Inc. has announced the appointment of Darryll Dewan as President and CEO, succeeding Anthony Angelini. Dewan, an industry veteran with over 30 years of experience, aims to drive growth and operational improvements. The company is reportedly in a strong position financially, with a solid foundation for future development. The board has expressed confidence in Dewan's leadership to elevate TSS within the data center services market.

TSS, Inc., a data center and mission-critical facilities technology services company, will announce its third-quarter 2022 financial results on November 14, 2022. A conference call will be held at 4:30 PM ET, where investors can participate by dialing 1-888-596-4144 (U.S.) or 1-646-968-2525 (international). A live audio webcast will be accessible on the company's website. An audio replay will be available four hours post-call until December 14, 2022.

TSS, Inc. (TSSI), a data center services company, reported impressive results for Q2 2022. Revenue reached $6.4 million, up from $3.1 million YoY, while net income surged to $771,000 or $0.04 per share, contrasting with a net loss of $(456,000) in Q2 2021. The gross margin dropped to 41% from 47%, and adjusted EBITDA showed significant improvement at $1,116,000. Year-to-date revenue was $11.6 million, up from $8.2 million in 2021. The company notes strong growth, a solid backlog, and anticipates continued positive results.

TSS, Inc. will announce its Q2 2022 financial results on August 15, 2022, followed by a conference call at 4:30 PM ET. Participants can join by calling 1-866-374-5140 (U.S.) or 1-404-400-0571 (international) using PIN 66889454#. A live audio webcast will also be available on their website. An audio replay will be accessible after the call until September 16, 2022. TSS offers a wide range of services related to data centers and mission-critical facilities.

TSS, Inc. reported steady first-quarter results for 2022, with revenues of $5.2 million, unchanged from 2021. Reseller revenues fell to $1.7 million from $2.2 million year-over-year. The company achieved a gross margin increase to 32% compared to 25% in 2021. Operating losses decreased to $173,000 from $607,000, while the net loss improved to $308,000 or $0.02 per share, down from $699,000 or $0.04 per share. Adjusted EBITDA turned positive at $43,000, recovering from a loss of $334,000 in the prior year. The CEO anticipates further improvements in supply chain and profitability throughout 2022.

TSS, Inc. (Other OTC: TSSI) will report its Q1 2022 financial results on May 16, 2022. A conference call is scheduled for 4:30 PM ET, where interested parties can join by dialing 1-866-374-5140 (U.S.) or 1-404-400-0571 (international). The PIN is 61514819#. A live audio webcast will be available on the company’s investor relations website. An audio replay of the call will be accessible about an hour post-event, and the webcast will remain available for 30 days.