secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001437749-24-009810
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774924009810/0001437749-24-009810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774924009810/tssi20240328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-009810

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