TSS Q2 2021 revenue falls 52% YoY to $3.1M; net loss narrows to $456K

TSS, Inc.

2022-Q2 EPS reported -$0.06 revenue$8,238,000

Revenue $3.1M vs $6.5M; reseller revenue dropped from $3.0M to $0.1M.
Gross margin improved to 47% from 12% (prior-year period).
Net loss $456K ($0.03/sh) vs $1,042K ($0.06/sh) in Q2 2020.
Adjusted EBITDA loss narrowed to $106K from $724K.
CEO expects return to profitability in H2 citing strong pipeline and orders.

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