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TSS Inc Del (TSSI) delivers mission-critical data center integration and high-performance computing solutions for enterprises nationwide. This dedicated news hub provides investors and industry professionals with authoritative updates on corporate developments, financial milestones, and technological innovations.
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Key updates include executive leadership changes, contract awards with major technology providers, and progress in AI-enabled computing infrastructure projects. All content is verified for accuracy and relevance to support informed decision-making.
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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.
TSS, Inc. will report financial results for its first quarter 2024 on May 14th, 2024. The company specializes in data center services, integrating high-performance computing infrastructure and software. Investors can participate in the conference call by dialing 1-888-596-4144 (U.S.) or 1-646-968-2525 (international) with event ID 1261274. An audio webcast will be available on the company's website, with replays accessible for a time.
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