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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.
TSS, Inc. (OTC: TSSI) will report its second-quarter financial results on August 16, 2021, followed by a conference call at 4:30 PM ET. Investors can join the call by dialing 1-877-691-2551 (U.S.) or 1-630-691-2747 (international), using the conference ID 50207960.
An audio replay will be available one hour post-call and accessible until September 16, 2021. A live webcast will also be available on the company's website.
TSS, Inc. (TSSI) reported first quarter 2021 results, revealing a revenue decline to $5.2 million from $10.6 million in Q1 2020. Reseller revenues also fell to $2.2 million compared to $6.8 million year-over-year. Despite achieving a gross margin of 25% (up from 15% in Q1 2020), the company faced an operating loss of $607,000, greater than the previous year’s loss of $277,000. The net loss increased to $699,000 or $0.04 per share versus a net loss of $368,000 or $0.02 per share in Q1 2020. Adjusted EBITDA loss also widened to $334,000.
TSS, Inc. will announce its first quarter 2021 financial results on May 17, 2021, followed by a conference call at 4:30 PM ET. Investors can join the call by dialing 1-877-691-2551 for the U.S. or 1-630-691-2747 internationally, using conference ID 50133012. A live audio webcast will also be available on the company's website. An audio replay will be accessible an hour after the call until April 28, 2021, along with a webcast replay available for 30 days.
TSS, Inc. (TSSI) has announced significant changes to its Board of Directors. Richard M. Metzler has been appointed as a new board member and will also serve on the Audit and Compensation Committees. With over 25 years in senior leadership roles within the logistics industry, Metzler is expected to leverage his expertise to enhance TSS's business model. Additionally, board members Daniel J. Phelps and Gerard J. Gallagher have stepped down, with Phelps resigning and Gallagher opting not to seek re-election. These changes reflect TSS's strategic adjustment to capitalize on opportunities in the data center and technology services sectors.
TSS, Inc. (TSSI) reported a fourth quarter 2020 revenue of $7.2 million, a significant decline from $20.4 million in Q4 2019 and $20.8 million in Q3 2020. The gross margin improved to 23%, up from 10% year-over-year. The company faced an operating loss of $140,000 compared to a profit of $440,000 in the previous year. However, net income rose to $637,000 ($0.04 per share), up from $346,000 ($0.02 per share) in Q4 2019. In 2020, total revenue increased 37% year-over-year to $45.1 million, but operating loss for the year was $400,000. The company expressed cautious optimism for 2021 despite pandemic impacts.
TSS, Inc. (TSSI) is set to release its fourth quarter and fiscal 2020 financial results on March 29, 2021, followed by a conference call at 4:30 PM ET. Investors can join via toll-free numbers or listen to a live webcast on the company's website. An audio replay will be available for a month post-call, ensuring accessibility to critical information. TSS specializes in comprehensive technology services for mission-critical facilities, enhancing operational efficiency and effectiveness in data centers and related environments.