secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001437749-23-014551
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774923014551/0001437749-23-014551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774923014551/tssi20230515_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014551

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