Press release
TSS, Inc. Reports Third Quarter 2021 Results
ROUND ROCK, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center facilities and technology services company, reported results
About this update from Tss, Inc.
[{"type":"text","content":"ROUND ROCK, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center facilities and technology services company, reported results for its third quarter ended September 30, 2021. Third Quarter Highlights (unaudited): Third quarter 2021 revenue of $4.6 million compared with $20.8 million in the third quarter of 2020. Reseller revenues were $0.7 million in the third quarter of 2021 compared with $15.8 million in the third quarter of 2020.Gross margin of 42% in the third quarter of 2021 compared with 13% in the third quarter of 2020.Operating income of $228,000 in the third quarter of 2021 compared to operating income of $966,000 in the third quarter of 2020.Net income of $123,000 or $0.01 per share in the third quarter of 2021 compared to net income of $852,000 or $0.05 per share in the third quarter of 2020.Adjusted EBITDA income of $476,000 in the third quarter of 2021 compared with Adjusted EBITDA income of $1,142,000 in the third quarter of 2020. “We are pleased with our results in the third quarter despite supply chain challenges that have affected the timing of delivery for a number of projects.” said Anthony Angelini, President and Chief Executive Officer of TSS. “While some of our projects were delayed, we have a large backlog and expect that through the fourth quarter and into 2022, our results will continue to improve sequentially.” Quarterly Conference Call Details The Company has scheduled a conference call to discuss the third quarter 2021 financial results for Monday, November 15, 2021, at 4:30 PM Eastern. To participate on the conference call, please dial 866-791-7194 toll free from the U.S., or 847-619-6774 for international callers. The conference code is 50253641#. Investors may also access a live audio web cast of this conference call under the “events” tab on the investor relations section of the Company's website at www.tssiusa.com. An audio replay of the conference call will be available approximately one hour after the conclusion of the call and will be made available until December 16, 2021. The audio replay can be accessed at the following url: https://onlinexperiences.com/Launch/QReg/ShowUUID=798833CD-71F9-44EC-919B-925406602404&LangLocaleID=1033. The passcode to access the digital playback is 50253641. Additionally, a replay of the webcast will be available on the Company’s webs...