secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001437749-22-012608
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774922012608/0001437749-22-012608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774922012608/tssi20220516_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-012608

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