---
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"
generated_at: "2026-06-02T00:24:23.873569+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TSS Q1 revenue jumps 142% to $15.9M; net income turns positive

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016608
- JSON: https://secwatch.observer/filing/0001437749-24-016608.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016608.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $15.9 million
  - Net income: $15,000 or $0.00 per share
  - EPS: $0.00 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320760/000143774924016608/0001437749-24-016608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.