TSS, Inc. - TSSI STOCK NEWS

TSS, Inc. (TSSI) will announce its financial results for the fourth quarter and fiscal year 2021 on March 23, 2022. A conference call will commence at 4:30 PM ET, allowing stakeholders to engage live. Investors can participate via a designated dial-in number or through a webcast available on the company’s investor relations webpage. An audio replay will be accessible shortly after, lasting until April 29, 2022. TSS offers comprehensive services for data centers and mission-critical facilities, including technology consulting and systems integration.

TSS, Inc. (OTC: TSSI) reported a significant decline in its third quarter 2021 financial results, with revenues of $4.6 million, down from $20.8 million in the same period last year. Reseller revenues plummeted to $0.7 million from $15.8 million. However, gross margin improved to 42% compared to 13% in Q3 2020. Operating income decreased to $228,000, while net income dropped to $123,000 or $0.01 per share, down from $852,000 or $0.05 per share. Despite supply chain challenges, the company emphasizes a large backlog and anticipates improvements into 2022.

TSS, Inc. will announce its third quarter 2021 financial results on November 15, 2021, at 4:30 p.m. ET. The company specializes in data center and mission-critical technology services. Interested participants can join the conference call by dialing 1-866-791-7194 (U.S.) or 1-847-619-6774 (international). The conference ID is 50253641. A replay of the call will be accessible one hour after its conclusion until December 15, 2021. TSS offers a range of services for planning, design, and maintenance of enterprise systems.

TSS, a data center facilities and technology services company, reported second quarter 2021 results with revenues of $3.1 million, a decline from $6.5 million in Q2 2020. Reseller revenues dropped to $0.1 million from $3.0 million year-over-year. Despite these declines, the gross margin improved to 47% from 12% in the prior year. Operating loss decreased to $351,000 from $949,000, and net loss was $456,000 or $0.03 per share, compared to a loss of $1,042,000 or $0.06 per share in Q2 2020. The CEO projects a return to profitability in the second half of 2021.

TSS, Inc. (OTC: TSSI) will report its second-quarter financial results on August 16, 2021, followed by a conference call at 4:30 PM ET. Investors can join the call by dialing 1-877-691-2551 (U.S.) or 1-630-691-2747 (international), using the conference ID 50207960.

An audio replay will be available one hour post-call and accessible until September 16, 2021. A live webcast will also be available on the company's website.

TSS, Inc. (TSSI) reported first quarter 2021 results, revealing a revenue decline to $5.2 million from $10.6 million in Q1 2020. Reseller revenues also fell to $2.2 million compared to $6.8 million year-over-year. Despite achieving a gross margin of 25% (up from 15% in Q1 2020), the company faced an operating loss of $607,000, greater than the previous year’s loss of $277,000. The net loss increased to $699,000 or $0.04 per share versus a net loss of $368,000 or $0.02 per share in Q1 2020. Adjusted EBITDA loss also widened to $334,000.

TSS, Inc. will announce its first quarter 2021 financial results on May 17, 2021, followed by a conference call at 4:30 PM ET. Investors can join the call by dialing 1-877-691-2551 for the U.S. or 1-630-691-2747 internationally, using conference ID 50133012. A live audio webcast will also be available on the company's website. An audio replay will be accessible an hour after the call until April 28, 2021, along with a webcast replay available for 30 days.

TSS, Inc. (TSSI) has announced significant changes to its Board of Directors. Richard M. Metzler has been appointed as a new board member and will also serve on the Audit and Compensation Committees. With over 25 years in senior leadership roles within the logistics industry, Metzler is expected to leverage his expertise to enhance TSS's business model. Additionally, board members Daniel J. Phelps and Gerard J. Gallagher have stepped down, with Phelps resigning and Gallagher opting not to seek re-election. These changes reflect TSS's strategic adjustment to capitalize on opportunities in the data center and technology services sectors.

TSS, Inc. (TSSI) reported a fourth quarter 2020 revenue of $7.2 million, a significant decline from $20.4 million in Q4 2019 and $20.8 million in Q3 2020. The gross margin improved to 23%, up from 10% year-over-year. The company faced an operating loss of $140,000 compared to a profit of $440,000 in the previous year. However, net income rose to $637,000 ($0.04 per share), up from $346,000 ($0.02 per share) in Q4 2019. In 2020, total revenue increased 37% year-over-year to $45.1 million, but operating loss for the year was $400,000. The company expressed cautious optimism for 2021 despite pandemic impacts.