---
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"
generated_at: "2026-06-15T00:46:07.469650+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TSS, Inc. Q1 revenue up 27% to $6.6M but net loss widens to $0.04/shr

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014551
- JSON: https://secwatch.observer/filing/0001437749-23-014551.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014551.txt

## Key facts
- Earnings Releases
  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.
  - Period: three months ended March 31, 2023
  - Revenue: 6.6 million
  - Net income: loss of 786,000
  - EPS: loss of 0.04 per share
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/1320760/000143774923014551/0001437749-23-014551-index.htm

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