{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-009070","form_type":"8-K","ticker":"TSSI","cik":"0001320760","company_name":"TSS, Inc.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.372246+00:00","generated_at":"2026-06-17T06:50:05.561438+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TSS Q4 revenue $10.9M vs $14.6M YoY; net loss $1.1M includes $581k CEO transition costs","bullets":["Q4 revenue $10.9M vs $14.6M YoY; reseller revenue down from $11.7M to $7.6M.","Q4 operating loss $723k vs $100k loss; includes $581k one-time CEO transition costs.","Q4 net loss $1.1M ($0.05/share) vs $264K ($0.01) loss in Q4 2021.","FY2022 revenue $30.6M (+12% YoY); operating income $914k vs loss $831k in FY2021.","FY2022 Adjusted EBITDA $2.243M vs $174k; net loss narrowed to $73k from $1.297M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-009070","json":"https://secwatch.observer/filing/0001437749-23-009070.json","markdown":"https://secwatch.observer/filing/0001437749-23-009070.md","text":"https://secwatch.observer/filing/0001437749-23-009070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/0001437749-23-009070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/tssi20230403_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:50:05.561438+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23ecd30d9b5e8411d3a011c2374afdfd7bf67f84","claim":"TSS, Inc. reported the fiscal year ended December 31, 2022 results: revenue 2022 revenue of $30.6 million, net income Net loss of $73,000, EPS $0.00 per share.","evidence_excerpt":"Fiscal 2022 Highlights (unaudited): ● 2022 revenue of $30.6 million compared with $27.4 million in 2021. Reseller revenues were $13.2 million in 2022 compared to $14.7 million in 2021. ● Gross margin of 29% in 2022 compared to 23% in 2021. ● Operating income of $914,000 in 2022 compared to an operating loss of $831,000 in 2021. ● Net loss of $73,000 or $0.00 per share in 2022 compared to a net loss of $1,297,000 or $(0.07) per share in 2021. ● Adjusted EBITDA of $2,243,000 in 2022 compared with Adjusted EBITDA of $174,000 in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/0001437749-23-009070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"2022 revenue of $30.6 million"},{"label":"Net income","value":"Net loss of $73,000"},{"label":"EPS","value":"$0.00 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a1cf2d6924a81641c93b40d0777be0400f606f1c","claim":"TSS, Inc. reported the fourth quarter ended December 31, 2022 results: revenue Fourth quarter 2022 revenue of $10.9 million, net income Net loss of $1.1 million, EPS $0.05 per share.","evidence_excerpt":"Fourth Quarter Highlights (unaudited): ● Fourth quarter 2022 revenue of $10.9 million compared with $14.6 million in the fourth quarter of 2021. Reseller revenues were $7.6 million in the fourth quarter of 2022 compared to $11.7 million in the fourth quarter of 2021. ● Gross margin of 18% in the fourth quarter of 2022 compared with 12% in the fourth quarter of 2021. ● Operating loss of $723,000 in the fourth quarter of 2022 compared to an operating loss of $100,000 in the fourth quarter of 2021. Included in the 2022 results are one-time costs of $581,000 associated with the change in chief executive officer during the fourth quarter. Operating costs beyond one-time costs were higher than expected in the period and are expected to normalize in 2023. ● Net loss of $1.1 million or $0.05 per share in the fourth quarter of 2022 compared to a net loss of $264,000 or $0.01 per share in the fourth quarter of 2021. ● Adjusted EBITDA of $90,000 in the fourth quarter of 2022 compared with Adjuste","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/0001437749-23-009070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"Fourth quarter 2022 revenue of $10.9 million"},{"label":"Net income","value":"Net loss of $1.1 million"},{"label":"EPS","value":"$0.05 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}