---
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"
generated_at: "2026-06-17T06:50:05.561438+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TSS Q4 revenue $10.9M vs $14.6M YoY; net loss $1.1M includes $581k CEO transition costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-009070
- JSON: https://secwatch.observer/filing/0001437749-23-009070.json
- Plain text: https://secwatch.observer/filing/0001437749-23-009070.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: 2022 revenue of $30.6 million
  - Net income: Net loss of $73,000
  - EPS: $0.00 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/0001437749-23-009070-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: Fourth quarter 2022 revenue of $10.9 million
  - Net income: Net loss of $1.1 million
  - EPS: $0.05 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/0001437749-23-009070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.