Tss Inc Del Stock Price, News & Analysis

TSS, Inc. (OTCQB:TSSI), a leading data center services company in the AI and high-performance computing infrastructure market, has appointed Michael Fahy as an independent director to its board. Fahy, currently CEO and President of Neovia Logistics, brings extensive experience in global supply chain management and digital transformation. He previously served as CEO of the Americas region at DB Schenker.

TSS CEO Darryll Dewan expressed confidence in Fahy's ability to provide valuable insights as the company executes its growth strategy. Fahy, recognizing TSS's position in the growing AI and high-performance computing infrastructure demand, stated his excitement to join the board and contribute to the company's successful growth.

TSS, Inc. (OTCQB: TSSI), a data center services company specializing in AI and high-performance computing infrastructure, has announced its participation in the iAccess Alpha - Buyside Best Ideas Fall 2024 Virtual Investor Conference. The company's management will present on September 24, 2024, at 10:30am ET, with a live webcast available for investors.

Following the presentation, TSS, Inc. will host one-on-one meetings with interested parties on September 25, 2024. This event provides an opportunity for investors to gain insights into TSS's operations and future prospects. Interested individuals can register and schedule meetings through the conference website.

TSS, Inc. (OTCQB: TSSI), a data center services company specializing in AI and high-performance computing infrastructure, has engaged Hayden IR to enhance its investor relations efforts. This move follows impressive Q2 2024 results, including 345% net income growth and 62% adjusted EBITDA growth, driven by surging AI demand. TSS is strengthening its team and operational capabilities to support rapid business scaling, with recent additions including CFO Danny Chism and expanded production capacity. The company aims to share its growth story with a wider investor audience, positioning itself as a trusted AI infrastructure partner. Hayden IR will provide comprehensive investor relations services to connect TSS with various investor groups and raise its visibility in the investment community.

TSS, Inc. (OTCQB: TSSI) reported strong Q2 2024 results, with 345% growth in Net Income and 62% improvement in Adjusted EBITDA compared to Q2 2023. The company, which integrates AI and high-performance computing infrastructure, saw significant growth in higher-yielding systems integration and facility management revenues. Key highlights include:

- Q2 2024 revenue of $12.2 million
- Gross profit of $4.5 million, up 41% year-over-year
- Net income of $1.4 million, a 345% increase
- Adjusted EBITDA of $2.0 million, up 62%

TSS expanded its production capacity in June, driven by increased demand for AI-related server rack builds. The company expects strong performance in the second half of 2024, with ongoing AI-based customer programs.

TSS, Inc. (OTC: TSSI), a data center services company, has announced its participation in the 4th Annual CEO Networking Event hosted by Semco Capital. The event, scheduled for August 15, 2024, brings together top companies with strong growth potential and unique business models.

TSS President and CEO Darryll Dewan will represent the company at this exclusive gathering. The event offers an opportunity for investors to connect with leading firms and explore potential growth opportunities. Interested investors can contact Scott Weis at scott@semcocapital.com for more information about attending the event.

This networking event could provide TSS with valuable exposure to potential investors and industry peers, potentially boosting its profile in the data center services sector.

TSS, Inc. (OTC: TSSI), a data center services company, has announced it will report its second quarter 2024 financial results on Wednesday, August 14, 2024. The company will host a conference call at 4:00 p.m. eastern time on the same day to discuss the results. Investors can participate by dialing (800) 715-9871 toll-free from the U.S. or Canada, or 1-(646) 307-1963 for international callers, using the event ID 1261274. A live audio webcast will also be available, with a recorded version accessible for one year following the call. The webcast can be accessed at https://www.webcaster4.com/Webcast/Page/2294/51043.

Total Site Solutions (OTC: TSSI) has promoted Todd Marrott to Chief Operating Officer, effective July 1, 2024. Marrott joined TSS as Senior VP of Operations in November 2022 and has significantly improved the company's operations. CEO Darryll Dewan highlighted Marrott's role in making TSS's Systems Integration business profitable and enhancing production capacity to meet the growing demand for high-performance computing technologies.

Marrott's team achieved ISO certification and established the infrastructure to support advanced generative AI solutions. Under his leadership, TSS has also become a leader in direct liquid cooling solutions. Marrott's extensive experience includes roles at Applied Technical Services, Flex, Solectron, and Moduslink, where he specialized in global operations and supply chain management.

Total Site Solutions (OTC:TSSI), a leader in data center and modular services, has named Danny Chism as its new Chief Financial Officer, effective June 7, 2024. Chism brings over 30 years of leadership experience, having driven scale and profitability in both private and public companies. He replaces John Penver, who served as CFO for a decade and will assist in the transition.

As CFO, Chism will oversee financial strategy and operations, including planning, risk management, reporting, treasury, tax, and investor relations. His prior roles include CFO positions at Goodwill Industries of Central Texas, EZCORP, Inc., Cash Solutions Centers, and Gatsby Investments. He holds a master’s degree in professional accounting and a BBA in Accounting from the University of Texas at Austin.

TSS, a data center services company, reported its Q1 2024 results showing significant growth. Revenue surged by 142% to $15.9 million compared to Q1 2023's $6.6 million. Procurement revenues soared to $11.6 million, up from $1.7 million. Gross profits increased by 61%, and operating income improved by $918,000, reaching $253,000 from a prior loss of $665,000. Net income was $15,000, translating to $0.00 per share, a recovery from a loss of $786,000 or $(0.04) per share. Adjusted EBITDA saw a 209% rise to $475,000 from a loss of $436,000 last year.

CEO Darryll Dewan attributes the gains to strategic growth initiatives and increased production capacity to meet the rising demand for Generative AI computing solutions. TSS expects continued financial improvements in 2024. A conference call to discuss these results is scheduled for May 14, 2024, at 4:30 PM Eastern.