{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-014551","form_type":"8-K","ticker":"TSSI","cik":"0001320760","company_name":"TSS, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.372478+00:00","generated_at":"2026-06-15T00:46:07.469650+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TSS, Inc. Q1 revenue up 27% to $6.6M but net loss widens to $0.04/shr","bullets":["Revenue $6.6M vs $5.2M YoY; reseller revenue flat at $1.7M.","Operating loss $665K vs $173K YoY; net loss $0.04/shr vs $0.02/shr.","Adjusted EBITDA loss $438K vs positive $43K in Q1 2022.","Management transition costs $180K included in adjusted EBITDA.","CEO expects return to profitability in Q2 and FY 2023 revenue/EBITDA growth vs 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-014551","json":"https://secwatch.observer/filing/0001437749-23-014551.json","markdown":"https://secwatch.observer/filing/0001437749-23-014551.md","text":"https://secwatch.observer/filing/0001437749-23-014551.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923014551/0001437749-23-014551-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923014551/tssi20230515_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:46:07.469650+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":"4eccef2180614dbeab8f22ac2d9adfd563c44bf5","claim":"TSS, Inc. reported three months ended March 31, 2023 results: revenue 6.6 million, net income loss of 786,000, EPS loss of 0.04 per share.","evidence_excerpt":"● First quarter 2023 revenue of $6.6 million compared with $5.2 million in the first quarter of 2022. Reseller revenues were $1.7 million in the first quarter of 2023 compared to $1.7 million in the first quarter of 2022. ● Gross margin of 26% in the first quarter of 2023 compared with 32% in the first quarter of 2022. ● Operating loss of $665,000 in the first quarter of 2023 compared to an operating loss of $173,000 in the first quarter of 2022. ● Net loss of $786,000 or $0.04 per share in the first quarter of 2023 compared to a net loss of $308,000 or $0.02 per share in the first quarter of 2022. ● Adjusted EBITDA loss of $438,000 in the first quarter of 2023 compared with Adjusted EBITDA of $43,000 in the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320760/000143774923014551/0001437749-23-014551-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"6.6 million"},{"label":"Net income","value":"loss of 786,000"},{"label":"EPS","value":"loss of 0.04 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"}