TSS reports Q2 net income up 345% YoY to $1.4M; gross profit +41%

TSS, Inc.

2024-Q2 EPS reported $0.06 revenue$28,052,000

Q2 revenue $12.2M (-16% YoY); higher-margin systems integration and facility mgmt rev $7.2M (+83%).
Net income $1.4M vs $0.3M; Adjusted EBITDA $2.0M (+62% YoY).
H1 revenue $28.1M (+33%); net income $1.4M vs loss of $0.5M in prior year.
AI-enabled rack integration began in June; CEO says demand surge driving volume ramp.
Operating income up 530% in H1; investments in production capacity online June.

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