secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001437749-21-026723
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TSS Q3 revenue collapses to $4.6M from $20.8M; net income down to $123K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774921026723/0001437749-21-026723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774921026723/tssi20211115_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-026723

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer