TSS, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 28, 2024 at 04:02 pm EDT
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TSS, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 24.41 million compared to USD 10.95 million a year ago. Net income was USD 0.335 million compared to net loss of USD 1.14 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the full year, sales was USD 54.4 million compared to USD 30.64 million a year ago. Net income was USD 0.074 million compared to net loss of USD 0.073 million a year ago.
TSS, Inc. is a data center services company that integrates high-performance computing infrastructure and software. The Company's segments include facilities, and systems integration. Facilities segment is involved in the design, project management and maintenance of data center and mission-critical business operations. Systems integration segment integrates information technology (IT) equipment for original equipment manufacturer vendors and customers to be used inside data center environments, including modular data centers. Its services include rack and systems integration, configuration services, data center and modular data center facility management integrations, deployment and maintenance services, strategic procurement services, project management and technology consulting, design and engineering services. Its IT solutions can be deployed in a variety of physical settings such as data centers, co-location facilities, server rooms, modular or edge-based solutions and others.
TSS, INC. 
