secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001437749-23-031601
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TSS Q3 revenue up 10% to $8.9M; net income slides to $209k from $605k
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- Q3 2023 revenue $8.9M (+10% YoY) driven by reseller revenue surge to $5.4M from $3.1M.
- Gross margin fell to 32% from 34%; operating income $715k vs $871k in Q3 2022.
- Net income $209k ($0.01/share) vs $605k ($0.03); YTD net loss $262k vs prior net income.
- Adjusted EBITDA Q3 $940k vs $1,043k; YTD $1,727k vs $2,202k.
- CEO cites investments in sales/ops to capture AI-driven IT market growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774923031601/0001437749-23-031601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774923031601/tssi20231113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031601

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