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. (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.