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. reports developments tied to data center services, AI infrastructure, and high-performance computing integration. The company builds, integrates, and deploys custom high-volume technology solutions for data centers and related enterprise environments, with recurring updates focused on systems integration, procurement activity, facilities management, rack integration capacity, customer demand, and software and infrastructure deployment.
Company news also covers quarterly and annual financial results, conference presentations, executive and board appointments, industry commentary on high-performance computing and data center technology, and business outlook commentary linked to AI and cloud infrastructure markets.
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TSS, Inc. (TSSI) reported its financial results for Q4 and fiscal year 2022, revealing a Q4 revenue of $10.9 million, down from $14.6 million in Q4 2021. Reseller revenues also decreased to $7.6 million from $11.7 million. Despite a lower gross margin of 18%, up from 12% year-over-year, the company faced an operating loss of $723,000. The fiscal year saw revenue growth to $30.6 million, compared to $27.4 million in 2021, with a notable adjusted EBITDA increase to $2,243,000. Management attributes Q4 losses to one-time CEO transition costs but maintains a positive outlook for 2023, expecting profitable growth.