Highest-materiality recent filing
TSS Q2 revenue down 20% to $35.1M; systems integration up 46%, EBITDA up 12%
Q2 revenue $35.1M, down 20% YoY; systems integration $13.9M up 46% (39% of revenue vs 22%), facilities mgmt $2.7M up 84%
Peter Woodward and Vivek Mohindra elected to TSS board; BDO USA ratified as auditor
Peter Woodward received 7,367,946 votes for and 1,294,246 withheld; Vivek Mohindra 8,552,439 for and 109,753 withheld.
Revenue $55.3M (-44% YoY): procurement $40M (-56%), systems integration $14.1M (+88%), facilities mgmt $1.3M (-1%).
TSS Inc. amends Q4 net income: $12.2M actual vs $15.1M previously reported
Q4 net income corrected to $12.2M (536% YoY increase) from previously reported $15.1M (153%).
TSS reports Q4 rev $60.9M, FY rev $245.7M (+66% YoY); guides FY26 Adj EBITDA $20-22M
FY 2025 revenue $245.7M (+66% YoY); diluted EPS $0.56 vs $0.24 in 2024.
TSS Q3 net loss $1.5M, revenue down 40% YoY; updates FY25 EBITDA outlook 50-75% growth
Q3 revenue $41.9M (-40% YoY); net loss $1.5M vs income $2.6M; diluted EPS ($0.06) vs $0.10.
TSS subsidiary VTC adds $5M incremental term loan from Susser Bank
Incremental $5M term loan added to existing $20M facility; same interest rate, maturity, and payment terms.
TSS closes $58.7M public equity offering, including full overallotment; net proceeds ~$55.3M
Priced 3,000,000 shares at $17.00; underwriter exercised 450,000-share overallotment.
Q2 2025 revenue $44.0M, up 262% YoY; net income $1.5M, diluted EPS $0.06.
TSS, Inc. dismisses Weaver & Tidwell, engages BDO USA as new auditor for FY2025
Weaver dismissed as independent auditor effective July 10, 2025; no adverse opinions or disagreements.
TSS annual meeting results: directors elected, say-on-pay approved, 2025 equity plan adopted
Stockholders elected Darryll Dewan and Michael Fahy as Class II directors for three-year terms expiring 2028.
TSS Q1 revenue surges 523% to $99M; EPS $0.12 vs $0.00 YoY
Q1 revenue $99.0M (+523% YoY); Procurement $90.2M (+676%), Systems Integration $7.5M (+253%).
TSS FY2024 revenue up 172% to $148.1M; EPS $0.24 vs $0.00; Q4 revenue +105%
Full-year revenue $148.1M, up 172%; net income $6.0M vs $74K; diluted EPS $0.24 vs $0.00.
TSS subsidiary secures $20M term loan from Susser Bank; files $150M shelf registration
VTC borrows $20M at SOFR+3% (floor 4.5%), interest-only 6 months then amortizing, matures Jan 2030.
Q3 revenue $70.1M (+689% YoY); net income $2.6M; EPS $0.10; signed multi-year AI rack deal
Revenue $70.1M, up 689% YoY; net income $2.6M up 1,166%; diluted EPS $0.10 vs $0.01.
TSS uplists to Nasdaq Capital Market, trading from Nov 14 under TSSI
Approved for listing on The Nasdaq Capital Market; trading begins November 14, 2024.
TSS appoints Michael Fahy as independent Class II director
Michael Fahy appointed to TSS board as Class II director, effective October 2, 2024, term expiring at 2025 Annual Meeting.
TSS reports Q2 net income up 345% YoY to $1.4M; gross profit +41%
Q2 revenue $12.2M (-16% YoY); higher-margin systems integration and facility mgmt rev $7.2M (+83%).
TSS promotes Todd Marrott to COO; base salary raised to $300,000, receives 250K RSUs
Todd Marrott appointed COO effective July 1, 2024; previously SVP of Operations since 2022.
TSS Inc. appoints Daniel Chism as CFO, replacing John Penver effective June 7, 2024
Daniel Chism appointed CFO effective June 7, 2024; base salary $300K, increasing to $325K in 2025.
TSS CFO John Penver resigns, effective June 15, 2024
John Penver resigns as CFO of TSS, Inc., effective June 15, 2024.
TSS Q1 revenue jumps 142% to $15.9M; net income turns positive
Revenue $15.9M vs $6.6M YoY; procurement revenue surged to $11.6M from $1.7M.
TSS reports Q4 revenue $24.4M, net income positive; FY revenue up 78% to $54.4M
Q4 revenue $24.4M (vs $10.9M), procurement $20.8M; operating income $725K (vs loss $723K).
TSS Q3 revenue up 10% to $8.9M; net income slides to $209k from $605k
Q3 2023 revenue $8.9M (+10% YoY) driven by reseller revenue surge to $5.4M from $3.1M.
TSS Q2 revenue jumps to $14.5M from $6.4M YoY; net income down to $315K
Revenue $14.5M vs $6.4M in Q2 2022, driven by reseller revenue of $10.6M (vs $0.8M).
TSS shareholders elect Peter Woodward as Class III director, ratify auditor
Peter Woodward elected as Class III director for three-year term with 12,258,164 votes for and 1,025,692 withheld.
TSS, Inc. Q1 revenue up 27% to $6.6M but net loss widens to $0.04/shr
Revenue $6.6M vs $5.2M YoY; reseller revenue flat at $1.7M.
TSS Q4 revenue $10.9M vs $14.6M YoY; net loss $1.1M includes $581k CEO transition costs
Q4 revenue $10.9M vs $14.6M YoY; reseller revenue down from $11.7M to $7.6M.
TSS appoints new CEO Darryll Dewan; Q3 revenue up 76% to $8.1M, net income $0.03/share
Q3 2022 revenue $8.1M vs $4.6M YoY; operating income $871K vs $228K.
TSS reports Q2 revenue $6.4M, net income $0.04/share vs loss last year
Q2 revenue $6.4M (up 106% YoY from $3.1M); operating income $939K vs loss of $351K.
MHW exercises warrants for 1,883,326 shares of TSS common stock; TSS receives ~$367K
MHW SPV II, LLC and MHW Partners L.P. exercised warrants to purchase 1,883,326 shares of TSS, Inc. common stock.
TSS repays all outstanding amounts under term loans with MHW SPV II and MHW Partners
Paid in full on July 1, 2022, ahead of the July 19, 2022 maturity.
Anthony Angelini elected Class II director with 9.84M votes for, 262K against, 771K withheld; 3.76M broker non-votes.
TSS Q1 net loss narrows to $308K; adjusted EBITDA turns positive
Revenue $5.2M flat YoY; reseller revenue fell to $1.7M from $2.2M.
TSS reports Q4 revenue $14.6M, net loss $264K; FY 2021 revenue $27.4M, net loss $1.3M
Q4 revenue $14.6M vs $7.2M YoY; reseller revenue $11.7M (up from $3.1M).
TSS Q3 revenue collapses to $4.6M from $20.8M; net income down to $123K
Revenue $4.6M, down 78% YoY from $20.8M; reseller revenue fell from $15.8M to $0.7M.
TSS Q2 2021 revenue falls 52% YoY to $3.1M; net loss narrows to $456K
Revenue $3.1M vs $6.5M; reseller revenue dropped from $3.0M to $0.1M.
On October 2, 2024, Michael Fahy was appointed to the board of directors of TSS, Inc. (the “Company”) as a Class II director for a term expiring at the 2025 Annual Meeting of Stockholders and until his successor is duly elected and qualified.
On June 27, 2024, TSS, Inc. (the “Company”) issued a press release announcing the appointment of Karl Todd Marrott as Chief Operating Officer of the Company, effective July 1, 2024.
announcing the appointment of Daniel M. Chism as Chief Financial Officer of the Company, effective June 7, 2024, succeeding John Penver.
announcing the appointment of Daniel M. Chism as Chief Financial Officer of the Company, effective June 7, 2024, succeeding John Penver.
On May 15, 2024, John Penver, the Chief Financial Officer of TSS, Inc. (the “Company”) tendered his resignation as the Company’s Chief Financial Officer, effective June 15, 2024.
Mr. Dewan has also been appointed to the Company’s board of directors.
Mr. Angelini has agreed to tender his resignation from the Company’s board of directors effective the earlier of December 31, 2022, or the date he ceases providing transition services to the Company.
On November 14, 2022, the Company issued a press release announcing the appointment of Darryll Dewan as President and Chief Executive Officer of the Company, effective November 14, 2022, succeeding Anthony Angelini.
On November 14, 2022, the Company issued a press release announcing the appointment of Darryll Dewan as President and Chief Executive Officer of the Company, effective November 14, 2022, succeeding Anthony Angelini.
Max materiality 0.85 · Median 0.65 · Most common event earnings