secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001437749-22-020530
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TSS reports Q2 revenue $6.4M, net income $0.04/share vs loss last year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774922020530/0001437749-22-020530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774922020530/tssi20220815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020530

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