TSS Q2 revenue jumps to $14.5M from $6.4M YoY; net income down to $315K

TSS, Inc.

2023-Q2 EPS reported -$0.02 revenue$11,613,000

Revenue $14.5M vs $6.4M in Q2 2022, driven by reseller revenue of $10.6M (vs $0.8M).
Net income $315K ($0.01/sh) vs $771K ($0.04/sh) in prior-year quarter.
Gross margin compressed to 22% from 41% due to mix shift toward lower-margin reseller sales.
Adjusted EBITDA rose to $1.22M from $1.12M; operating income of $975K vs $939K.
CEO cites large procurement deals closed in Q2 and plans to capitalize on AI-driven demand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TSS, Inc. reported the second quarter ended June 30, 2023 results: revenue $14.5 million, net income $315,000 or $0.01 per share, EPS $0.01 per share.

Period: the second quarter ended June 30, 2023
Revenue: $14.5 million
Net income: $315,000 or $0.01 per share
EPS: $0.01 per share
Result: reported results

Exact text from the filing

facilities and technology services company, reported results for its second quarter ended June 30, 2023. Second Quarter Highlights (unaudited): ● Second quarter 2023 revenue of $14.5 million compared with $6.4 million in the second quarter of 2022. Reseller revenues were $10.6 million in the second quarter of 2023 compared to $0.8 million in the second quarter of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

TSS, Inc. reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On Monday, August 14, 2023, TSS, Inc. (the “Company”), issued a press release reporting certain financial results of the Company for the three and six months ended June 30, 2023.

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TSS, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-023649

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