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TSS Inc (TSSI)
NASDAQ:TSSI
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: 0.25%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong positive narrative with significant revenue and income growth, strategic agreements, and plans for expansion. However, challenges such as decreased gross margins and potential constraints on future growth due to power and supply issues were noted.Company Guidance
During the TSS Inc. Q3 2024 earnings call, the company reported impressive financial performance, with total revenue reaching $70.1 million, marking a year-over-year growth of 689%. The net income saw a nearly 12-fold increase compared to the same quarter last year, and diluted EPS rose from $0.01 to $0.10. The robust revenue growth was primarily driven by the Procurement Services segment, which achieved $60.5 million, significantly surpassing the projected $50 million, and representing a more than 1,000% increase from $5.4 million in Q3 2023. The Systems Integration segment also contributed $7.6 million, reflecting a 361% growth. Despite a decrease in overall gross margin to 11.3% due to the lower-margin procurement business, adjusted EBITDA rose to $4.3 million from $0.9 million in the prior year. The company anticipates continued growth, driven by a new multiyear agreement and plans for a larger facility to accommodate increased power needs and production capacity.Record Revenue Growth
TSS delivered $70.1 million in total revenue for Q3 2024, representing a year-over-year growth of 689%. This was driven by growth across all service offerings.
Significant Increase in Net Income
Net income increased nearly 12-fold from $209,000 in Q3 2023 to $2.6 million in Q3 2024, with diluted EPS rising from $0.01 to $0.10.
Procurement Services Performance
Procurement revenues exceeded expectations, reaching $60.5 million compared to $5.4 million the previous year.
Strategic Long-term Agreement
Entered a long-term agreement with a primary customer for AI-enabled rack integrations, enhancing revenue visibility and mitigating operational risk.
Facility Expansion Plans
Plans to relocate to a new facility, expanding capacity by more than 60% to support growing demand for AI technologies.
NASDAQ Uplisting
TSS began trading on the NASDAQ Capital Market to improve trading liquidity and attract institutional investors.
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TSSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $11.98 | $9.06 | -24.37% |
| Aug 14, 2024 | $2.75 | $3.25 | +18.18% |
| May 14, 2024 | $1.40 | $1.28 | -8.57% |
| Mar 28, 2024 | $0.63 | $0.60 | -4.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TSS Inc (TSSI) report earnings?
TSS Inc (TSSI) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is TSS Inc (TSSI) earnings time?
TSS Inc (TSSI) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSSI EPS forecast?
Currently, no data Available
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