{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-016608","form_type":"8-K","ticker":"TSSI","cik":"0001320760","company_name":"TSS, Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.828769+00:00","generated_at":"2026-06-02T00:24:23.873569+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TSS Q1 revenue jumps 142% to $15.9M; net income turns positive","bullets":["Revenue $15.9M vs $6.6M YoY; procurement revenue surged to $11.6M from $1.7M.","Operating income of $253K vs a loss of $665K; net income $15K ($0.00 EPS) vs net loss of $786K.","Adjusted EBITDA improved to $475K from a loss of $436K in Q1 2023.","CEO cites demand for Generative AI computing solutions driving growth; production capacity increased.","Gross profit up 61% YoY; the company expects continued revenue and profit growth in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-016608","json":"https://secwatch.observer/filing/0001437749-24-016608.json","markdown":"https://secwatch.observer/filing/0001437749-24-016608.md","text":"https://secwatch.observer/filing/0001437749-24-016608.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320760/000143774924016608/0001437749-24-016608-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320760/000143774924016608/tssi20240514_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:24:23.873569+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b239d6d93ba905bd8bcea8ae6842660c7d818875","claim":"TSS, Inc. reported first quarter ended March 31, 2024 results: revenue $15.9 million, net income $15,000 or $0.00 per share, EPS $0.00 per share.","evidence_excerpt":"first quarter 2024 revenue of $15.9 million compared with $6.6 million in the first quarter of 2023. Procurement revenues were $11.6 million in the first quarter of 2024 compared to $1.7 million in the first quarter of 2023. ● Increased gross profits by $1 million or 61% compared to the first quarter of 2023 ● Improved Operating income by $918,000 to income of $253,000 in the first quarter of 2024 compared to an operating loss of $665,000 in the first quarter of 2023. ● Net income of $15,000 or $0.00 per share in the first quarter of 2024 compared to a net loss of $786,000 or $(0.04) per share in the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320760/000143774924016608/0001437749-24-016608-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$15.9 million"},{"label":"Net income","value":"$15,000 or $0.00 per share"},{"label":"EPS","value":"$0.00 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}