TSS reports Q4 revenue $24.4M, net income positive; FY revenue up 78% to $54.4M

TSS, Inc.

Q4 revenue $24.4M (vs $10.9M), procurement $20.8M; operating income $725K (vs loss $723K).
Q4 net income $335K ($0.02) vs net loss $1.1M (-$0.05); Adj. EBITDA $923K.
FY 2023 revenue $54.4M (+78% YoY); operating income $1.75M (+91%); net income $74K.
FY Adj. EBITDA $2.65M vs $1.66M; CEO highlights AI/data center demand, operational investments.

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 0.9

TSS, Inc. reported financial results for the three and twelve months ended December 31, 2023.

Period: the three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On Thursday, March 28, 2024, TSS, Inc. (the “Company”), issued a press release reporting certain financial results of the Company for the three and twelve months ended December 31, 2023.

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TSS, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009810

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