TSS Q1 net loss narrows to $308K; adjusted EBITDA turns positive

TSS, Inc.

Revenue $5.2M flat YoY; reseller revenue fell to $1.7M from $2.2M.
Gross margin improved to 32% from 25%; operating loss improved to $173K from $607K.
Net loss of $308K ($0.02 per share) vs $699K ($0.04) in Q1 2021.
Adjusted EBITDA positive at $43K vs loss of $334K a year earlier.
CEO expects significant revenue & profit improvement in 2022 on easing supply chain.

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