earnings
confidence high
sentiment positive
materiality 0.75
TSS reports Q2 revenue $6.4M, net income $0.04/share vs loss last year
TSS, Inc.
2022-Q2 EPS reported
$0.02
revenue$11,613,000
- Q2 revenue $6.4M (up 106% YoY from $3.1M); operating income $939K vs loss of $351K.
- Net income $771K ($0.04 EPS) vs net loss of $456K ($0.03 loss) in Q2 2021.
- Adjusted EBITDA $1,116K vs loss of $106K in prior-year quarter.
- Gross margin 41% (down from 47% YoY) on improved revenue mix.
- Management expects improved results for remainder of 2022 as supply chain eases and backlog remains strong.