secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001437749-23-009070
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/0001437749-23-009070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774923009070/tssi20230403_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-009070

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