Press release
TSS Reports First Quarter 2025 Revenue of $99.0 Million, Up 523% EPS of $0.12, Up from $0.00
ROUND ROCK, TEXAS / ACCESS Newswire / May 15, 2025 / TSS, Inc. (NASDAQ:TSSI), a data center services company that provides AI and high-performance computing
About this update from Tss, Inc.
[{"type":"text","content":"ROUND ROCK, TEXAS / ACCESS Newswire / May 15, 2025 / TSS, Inc. (NASDAQ:TSSI), a data center services company that provides AI and high-performance computing integration, deployment and related services, today reported results for its first quarter ended March 31, 2025.\"We are off to a strong start in 2025, with exponential increases in both our top and bottom lines, driven by robust growth in our Procurement and Systems Integration segments, including incremental contribution from AI rack integration services,\" commented Darryll Dewan, CEO of TSS. \"For the first quarter, revenue was up 523%, diluted earnings per share were $0.12 compared to just over breakeven and Adjusted EBITDA increased more than tenfold compared to the year ago quarter.\"\"Looking ahead, we are confident in the continued growth of our core businesses and expect some acceleration in the AI rack integration services revenues beginning in the second quarter. Our focus on innovation and operational excellence positions us to deliver sustained value to our customers and shareholders. We remain excited about the opportunities ahead as we build on our momentum in Systems Integration and Procurement.\"Dewan continued, \"On May 7, we began production at our new facility, and we remain on track to have that facility fully operational across all capabilities inJune. At full capacity, this new facility enables us to integrate several times the number of data center racks we can currently integrate in our legacy Round Rock facility. The outlook for growth of our industry is exceptionally strong. We have a solid operational foundation in place and with capacity expansion progressing according to plan, we are confident in our ability to capitalize on these opportunities, deliver profitable growth, generate positive cash from operations and drive enduring value for our shareholders.\"First Quarter 2025 Financial Highlights:(All comparisons are to First Quarter 2024)Revenues of $99.0 million, up 523%Procurement revenues of $90.2 million, up 676%Systems Integration revenues of $7.5 million, up 253%Facilities Management revenues of $1.3 million, down 40%Gross profit of $9.2 million, up 239%Net income of $3.0 million, up from $15,000Diluted EPS of $0.12, up from $0.00Adjusted EBITDA of $5.2 million, up from $475,0002025 OutlookDewan concluded, \"We are highly optimistic abou...