earnings
confidence high
sentiment negative
materiality 0.70
TSS Q3 revenue collapses to $4.6M from $20.8M; net income down to $123K
TSS, Inc.
2021-Q3 EPS reported
-$0.06
revenue$12,825,000
- Revenue $4.6M, down 78% YoY from $20.8M; reseller revenue fell from $15.8M to $0.7M.
- Net income $123K ($0.01 EPS) vs $852K ($0.05 EPS) in Q3 2020.
- Gross margin improved to 42% from 13% due to shift away from low-margin reseller sales.
- Adjusted EBITDA $476K, down from $1,142K a year earlier.
- CEO cites supply chain delays but expects sequential improvement through Q4 and into 2022.