Welcome to our dedicated page for Tss Del news (Ticker: TSSI), a resource for investors and traders seeking the latest updates and insights on Tss Del stock.
TSS, Inc. (NASDAQ:TSSI) is a data center services company centered on AI and high-performance computing (HPC) infrastructure and software integration, along with related data center services. Company news frequently highlights how TSS builds, integrates and deploys custom, high-volume solutions that support data centers and the digital transformation of generative AI and other advanced technologies.
On this page, readers can find news releases covering TSS’s financial results, strategic updates and thought leadership around AI and HPC infrastructure. Earnings announcements describe revenue by segment across Procurement, Systems Integration and Facilities Management, along with commentary on demand for AI-related infrastructure and the company’s operational capabilities. These releases also explain the use of non-GAAP metrics such as Adjusted EBITDA, with references to reconciliations provided in the full financial tables.
Other news items include information on public offerings of common stock under the company’s shelf registration statement on Form S-3, credit agreement amendments that add incremental term loans to support capital expenditures, and updates on investor conference participation. Governance developments, such as the appointment of directors with AI and technology strategy experience, are also disclosed through press releases and related Form 8-K filings.
Investors and observers can use this news feed to follow how TSS positions itself in AI and HPC infrastructure integration, how its segments perform over time and how management describes the outlook for data center and AI-related demand. Regular updates on conference calls, webcasts and investor events provide additional context for understanding the company’s strategic direction and financial reporting.
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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