Welcome to our dedicated page for Tss Del SEC filings (Ticker: TSSI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
TSS, Inc. filings document a data center services business focused on AI and high-performance computing infrastructure and software integration. Its 8-K reports include operating results and Regulation G disclosures for non-GAAP measures, with segment references to Procurement, Systems Integration, and Facilities Management.
The company’s SEC record also covers proxy governance matters, including director elections and auditor ratification, board appointments and related equity compensation, and material financing disclosures. Credit-agreement filings for wholly owned subsidiary VTC, L.L.C. document term loan obligations, amendments, and the use of debt financing for capital expenditure needs.
TSS, Inc. filed a prospectus supplement for an underwritten offering of common stock (offering size and price not specified in this document). The company, which trades as TSSI on Nasdaq (closing price $18.83 on Aug 11, 2025), provides systems integration, procurement and related services for data centers and has expanded into AI-enabled rack integration. TSS signed a multi-year agreement with its largest customer for AI rack integration and relocated/expanded its primary facility to Georgetown, investing approximately $31.6 million to increase power capacity from 2.7MW to 15MW and expand operating space to ~213,000 sq ft. Funding cited includes a $20 million construction loan (expandable to $25 million), landlord contribution of $6.8 million, and draws of $8.7M (Dec 31, 2024) and $11.3M (May 2025). As of June 30, 2025, TSS reported $36.836M cash, $19.541M total indebtedness, 23,740,028 shares outstanding, and net tangible book value ~$8.8M or $0.37 per share. Adjusted EBITDA rose to $10.152M in FY2024 and was $9.254M for the six months ended 6/30/25. The prospectus highlights material risks including customer concentration with one OEM, potential dilution to new investors, and a 5.0% underwriting commission.
TSS, Inc. reported a sharp revenue increase to $43.97 million for the quarter ended June 30, 2025, driven by a surge in procurement ($33.00M) and growth in systems integration ($9.49M) related to AI-enabled rack work. Gross profit was $7.82 million (about 18% margin) versus $4.54M (about 37%) a year earlier. Net income for the quarter was $1.48 million and for the six months was $4.46 million, with basic six‑month EPS of $0.19. Cash and restricted cash totaled $41.84 million at June 30, 2025, up from $23.22M year-end.
The company invested heavily in a new Georgetown, TX facility (approximately $31.6 million of improvements through June 30, 2025), financed primarily by a $20.0 million term loan fully drawn by June 30, 2025 that converted to an amortizing loan on July 5, 2025 with monthly payments of ~$437,000. Material concentration remains: a single US-based OEM accounted for 98% of revenue and 98% of receivables. The company was in compliance with loan covenants at June 30, 2025.