TSS Inc (QB) (TSSI) Quote

TSSI hit $2.14 Friday before closing at $1.98.
This movement was expected just using some chart analysis.
This week we will see earnings from their partner Dell Thursday after the close.
There will definitely be some price volatility but I expect a higher price by end of summer here
Just my opinion. Hope others are enjoying this run as much as I am.

Where is everyone? Seriously.
This stock is such a hidden gem.
Low float. Growing revenues. Positive earnings. No debt.
They are in exponentially growing field of data center services.
I think this is just the start of a very nice run for this small OTC stock.
Let’s hope for some great news soon.

Near term Target = $2 due to pennant breakout at $1.50.from $0.94.
To be honest, it might even run to $2.25 if you believe base $0.80.
JMO.

Beautiful bull pennant formation on the chart.
Nice buying volume yesterday which took out those large offers in mid $1.40’s.
All we need to do is break $1.50 and this will move to $2 in anticipation of Dell earnings next week.
This stock is super cheap. Low share count. No gimmick reverse split history.
This stock reminds of BDCO before it quickly ran from $1.50 to almost $9.
I think the writing is on the wall here. Just nobody around to read it yet.
But I think that will change soon enough.
Early bird gets the worm. lol.

I don’t know what the rules are, but this guy owns almost 1 million shares. If he wants out then this stock is going no further for a long time. I hope that is not the case.

I noticed some large offers to sell stock in $1.40’s. Don’t know if it is this dude trying to offload his shares. I guess time will tell.

Lots of sell offers in the $1.40’s. This might drop. Oh well.
Was hoping for some buyers to move this past $1.50.
I guess market won’t be happy with CFO leaving.
I still think the company will do well moving into the next quarter.

8-K out: https://www.sec.gov/ix?doc=/Archives/edgar/data/1320760/000143774924017647/tssi20240520_8k.htm

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On May 15, 2024, John Penver, the Chief Financial Officer of TSS, Inc. (the “Company”) tendered his resignation as the Company’s Chief Financial Officer, effective June 15, 2024. Mr. Penver’s resignation is not the result of any dispute or disagreement with the Company. The Company has begun a search for a new Chief Financial Officer and will announce a replacement as soon as one has been hired.

What a recovery. I am pleasantly surprised.
Needs to break huge resistance at $1.50.
If it moves past $1.50 then it might reach $2 this week or next.
Still think it can run to $5 by fall. Maybe winter.
Either way that would be a huge reward.
JMO

Not enough interested buyers to keep this at current levels?
Dropped back to $1.20’s but recovered.
Does it drop further or miraculously rebound back to $1,50.
IDK. Time will tell.
Happy trading.

Looking for $5 by mid to end of summer.
Company will be profitable. Has enough cash for operations. No debt.
A true hidden gem In OTC land.
I have seen stocks like this move to $5 and $10.
Patiently waiting here. Haven’t sold any shares. Might even add more if this drops anymore.
However, I see this consolidating and then breaking past $1.50 resistance and moving quickly to $2.25.
JMO.

Nice move to $1.70 yesterday But short lasted.
Stock seemed to have found support at $1.40 yesterday.
Even took out large sell 100,000 shares at $1.46.
Only to find another large sell at $1.49 at EOD. That 64,000 share sell still there this morning.
Lots of sell orders in the mid to upper $1.40's.
Any volume and movement to and past $1.50 would take this easily back to $1.70.
However, due to low liquidity, it can easily move back to $1.20 or lower.
Place your bets.

Very surprised with recovery yesterday. Actually not. It really is a very good company.
Therefore, I think the stock still has some more left to run.
Premarket bid at $1.30.
CEO spent 10 years at DELL in senior management roles.
SMCI had huge day yesterday.
I think TSSI has the possibility of being a very successful OTC play.
JMO.
Still holding all of my shares. No rush to sell yet. Average under $0,80.

TSSI is still up 20% from where it was 24 hours ago. Even with the lackluster Q1 earnings. I'd call that a victory.

Well someone dumping 50,000 shares almost did it.
Dell and SMCI are way up today.
I would think TSSI would get some tailwind from these bigger players.
Guess I was wrong. But, the day is still young.
This stock is so cheap it’s crazy. Definitely will be $5 sooner or later.
JMO.

Holding up better than I thought.
I thought sell the news would drop this to $1.
I like the long term potential here.
I think this is a $5 by end of year.
I am willing to wait for it.

Good luck. Nothing wrong with taking some profits along the way. I mean today's crazy spike was a GIFT selling opportunity imo. Stock is up like 400% in just the past few months.

You might be right.
It took 50,000 shares to break that iceberg sell.
Then, it moved to $1.49 on small number of shares.
I am here for the long haul.
Maybe it continues to run or goes back to $1. Either way I’m good.
I think it will move back to $1.50 by next quarter results.
JMO.

I think the market was hoping for more than a breakeven quarter. Especially the way the stock soared 50% today. I'm guessing a large chunk of that gain will be given back tomorrow, but who knows.

Earnings look good. I think this is the start of a very profitable company. Well run. Excellent management. Let’s what happens tomorrow. I am holding long term here. AI and data centers are going to be here for a long time. This company is in the perfect sector.
JMO

$0.949. 52 week high. Earnings out after close.
Could be a low float runner if earnings are good.
Chart looks really good.
Time will tell.

100,000 shares trade at $0.91 and iceberg sell still there. All within first half hour of trading.
Curious how big this sell really is.
There was approx 40,000 shares bought at $0.91 yesterday.
What’s MM OTCN deal?

Let’s break that $0.91 today and close at $1.00 ;)))
Earnings next week.
Hoping for some good numbers and guidance.

Amazing looking chart.
Good earnings. Next earnings due out next Tuesday.
OTC play so you never know.
But, I like what I see so far. Lots of accumulation.
Needs to break $1 with volume and conviction.
Hopefully next week.

ROUND ROCK, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center services company that integrates high-performance computing infrastructure and software, will report financial results for its first quarter 2024 on Tuesday May 14th, 2024. The Company will conduct a conference call at 4.30 p.m. eastern time that day.

New 52-week high today. Stock has been rocking lately. Congrats! Any concerns holding into Q1 earnings next week? TSSI has had some lumpy quarters in the past. Will be an easy comp at least.

TSSI at $0.90. 52-week high. Broke the $0.84 resistance.
I think they will have earnings in several weeks.
Small baby SMCI. lol.
It is an OTC stock so you never know.

Must read. Excellent write up on this small gem.
I wouldn’t mind $4 stock in a couple of years.
I think it is possible.

https://stocknarratives.substack.com/p/a-4x-in-4-years-surfing-the-data

Huge iceberg sell at $0.839.
Who is selling and placing lid on this stock?
Can it break $0.84 and move to $1.20?
Patiently waiting. Nothing else to do.

Hugely hidden gem.
People will take notice when it is trading above $2.
Trust me on that.

I think this is a $2 stock trading at $0.83.
It will get there slowly but surely.
I like the accumulation and support the stock has shown as it keeps making new 52 week highs.
Enjoy.

Nice earnings report.
Nice looking chart.
Excellent accumulation.
Let’s see how high it can run.

Yeah great move this week! Anything in particular driving it? Trading like it got a mention somewhere. Just a week ago we were pulling back below .50.

Wow. Stock hit $0.81.
Might need to settle back to $0.70 or thereabouts.
Long term I think this is still cheap.
JMO.

Hidden gem here.
I was late to the game and got in at $0.64.
Only noticed it last night but love what I am seeing here.
Low float. Good earnings. Clean share structure. Insiders buying.
What’s not to like?

4:00 PM ET 3/28/24 | GlobeNewswire
Related Quotes


3:56 PM ET 3/28/24
Symbol Last % Chg
TSSI
0.63 1.69%
Real time quote.

TSS, Inc. Reports Fourth Quarter And Fiscal 2023 Results

ROUND ROCK, Texas, March 28, 2024 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center services company that integrates high-performance computing infrastructure and software, reported results for its fourth quarter and fiscal year ended December 31, 2023.

Fourth Quarter Highlights (unaudited):
-- Fourth quarter 2023 revenue of $24.4 million compared with $10.9 million
in the fourth quarter of 2022. Procurement revenues were $20.8 million in
the fourth quarter of 2023 compared to $7.6 million in the fourth quarter
of 2022.

-- Operating income of $725,000 in the fourth quarter of 2023 compared to an
operating loss of $723,000 in the fourth quarter of 2022.

-- Net income of $335,000 or $0.02 per share in the fourth quarter of 2023
compared to a net loss of $1,141,000 or $(0.05) per share in the fourth
quarter of 2022.

-- Adjusted EBITDA of $923,000 in the fourth quarter of 2023 compared with
Adjusted EBITDA loss of $491,000 in the fourth quarter of 2022.

Year-to-date Highlights:
-- 2023 revenue of $54.4 million compared with $30.6 million in 2022.
Procurement revenues were $38.5 million in 2023 compared to $13.2 million
in 2022.

-- Operating income of $1,750,000 in 2023 compared to operating income of
$914,000 in 2022.

-- Net income of $74,000 or $0.00 per share in 2023 compared to a net loss
of $73,000 or $(0.00) per share in 2022.

-- Adjusted EBITDA of $2,651,000 in 2023 compared with Adjusted EBITDA of
$1,662,000 in 2022.

Darryll Dewan, CEO of TSS, commented, "2023 was a transformational year for TSS. We continued to produce strong financial results during the fourth quarter and for fiscal year 2023. We grew revenues 78% in 2023 and increased our operating income by 91% compared to 2022, while making operational and go-to-market investments in the business. Operationally, we have reorganized our integration business, investing in both the team and technology to be able to credibly demonstrate to our largest OEM partners that we can scale to serve growing demand. We selectively optimized the personnel in our integration facility, we added a Chief People Officer and direct sales personnel, and we kicked off a relationship with a PR firm to improve our branding, messaging, and web experience. New service offerings have been identified that are extensions of our core capabilities. As a result of our operational improvements and investments in growth and this vibrant technology environment, we will continue to drive improved financial results in 2024 and beyond."

Dewan continued, "As generative AI, cybersecurity and other advanced computing technologies drive data center demand, TSS is uniquely positioned to capitalize on these trends with our leading-edge system integration and deployment capabilities." Dewan continued, "The data center market is evolving. Central data centers continue to struggle to meet demand, and new models are emerging, such as edge computing. The flexibility and speed of our integration business, paired with deployment capabilities of our modular business, make for a unique "one stop shop" for our OEM partners who want to offer customized solutions and white glove service. TSS is in a great position to benefit from this next phase of data center expansion."

Quarterly Conference Call Details

TSS, INC. TO REPORT FOURTH QUARTER AND FISCAL 2023 RESULTS ON THURSDAY, MARCH 28th, 2024
4:00 PM ET 3/21/24 | GlobeNewswire
Related Quotes


12:00 AM ET 12/30/99
Symbol Last % Chg
TSSI
0.45 0.00%
Real time quote.


TSS, INC. TO REPORT FOURTH QUARTER AND FISCAL 2023 RESULTS ON THURSDAY, MARCH 28th, 2024

ROUND ROCK, Texas, March 21, 2024 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center services company that integrates high-performance computing infrastructure and software, will report financial results for its fourth quarter and fiscal 2023 on Thursday March 28(th) , 2024. The Company will conduct a conference call at 4.30 p.m. eastern time that day.

To participate on the conference call, please dial 1-888-596-4144 toll free from the U.S., or 1-646-968-2525 for international callers. The event ID number is 5752570. 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 https://tss-inc.ir.rdgfilings.com .

An audio replay of the conference call will be available approximately four hours after the conclusion of the call and will be made available until April 28, 2024. The audio replay can be accessed at the following url: EVENT | ECHO PLAYBACK (registrations.events)

The conference ID code to access the digital playback is 5752570. Additionally, a replay of the webcast will be available on the Company's website approximately two hours after the conclusion of the call and will remain available for 30 calendar days.

About TSS, Inc.

TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and efficiently utilize the necessary technology. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation of generative AI and other leading edge technologies essential for modern computing, data, and business needs. TSS's reputation is built on passion and experience, quality, and fast time to value. As trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year. www.tssiusa.com

# # #
Company Contact:
John Penver
Chief Financial Officer
TSS, Inc.
Phone: (512) 310-1000

> Dow Jones Newswires

March 21, 2024 16:00 ET (20:00 GMT)

TSS Announces Data Center Moves, Its Groundbreaking Relocation Service
10:00 AM ET 3/20/24 | GlobeNewswire
Related Quotes


12:00 AM ET 12/30/99
Symbol Last % Chg
TSSI
0.47 0.00%
Real time quote.


TSS Announces Data Center Moves, Its Groundbreaking Relocation Service

ROUND ROCK, Texas, March 20, 2024 (GLOBE NEWSWIRE) -- Total Site Solutions (TSS) (OTCQB: TSSI), a provider of data center services that reduce complexity and time-to-value through the integration of high-performance computing infrastructure and software, today announced its newest service offering, Data Center Moves, an innovative relocation service offering. The service is designed to help businesses manage their critical infrastructure while ensuring seamless transitions and minimizing disruptions before, during and after the relocation process.

"In today's hyperconnected environment, businesses face unprecedented challenges when relocating their data centers," said Darryll Dewan, CEO of TSS. "Whether it is scaling up, optimizing performance, or ensuring business continuity, the stakes for a data center move are high. Our experts understand the intricacies of relocating infrastructure and have the capacity and commitment to rapidly delivering exceptional value to our customers by simplifying the complexity of move planning and execution."

The TSS Data Center Moves Service ensures:
-- Efficiency and Agility: TSS's relocation process begins with a detailed
understanding of customer needs ensuing minimal downtime, flexibility,
and speed to make sure all needs are quickly met in the new location.

-- Risk Mitigation: TSS's experience, knowledge, and attention to detail
mitigates risk by safeguarding critical assets and minimizing service
disruptions.

-- Standard Logistics: TSS prioritizes facility readiness -- in both the
original location and recipient location -- along with the appropriate
technical skillset to handle specific equipment and the correct physical
necessities like packing material and trucks.

-- Cost Savings: By leveraging TSS's expertise, companies can avoid costly
mistakes and optimize their relocation budget. TSS assigns experienced
Program Management to rapidly deliver a complete solution.

-- Simplified Complexity: TSS has a wealth of experience deploying, managing
and moving some of the most complex hardware and software deployments in
the data center market today bringing a talented team to your project
that can simplify the process and reduce complexity.

Visit TSS website to learn more about their data center moves services.

About TSS

TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and efficiently utilize the necessary technology. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation essential for modern computing, data, and business needs. TSS's reputation is built on passion and experience, quality, and fast time to value. As trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year.

TSS offers a comprehensive suite of Data Center Services including Modular Data Center integration, deployment, and maintenance, rack integration and deployment, data center moves, structured cabling, facility and site surveys and assessments, cybersecurity solutions, and IT procurement integration. https://tssiusa.com/

###
Lauren Blalock on behalf of TSS

Lblalock@piercom.com



> Dow Jones Newswires

March 20, 2024 10:00 ET (14:00 GMT)

They've identified trends. That's great! Now, can they monetize them?

TSS Identifies Key Data Center Technology Trends for 2024
9:00 AM ET 3/12/24 | GlobeNewswire
Related Quotes


2:39 PM ET 3/12/24
Symbol Last % Chg
TSSI
0.46 0.00%
Real time quote.


TSS Identifies Key Data Center Technology Trends for 2024

AI Drives Innovation and Capacity Challenges in Rapidly Changing World of Digital Transformation

ROUND ROCK, Texas, March 12, 2024 (GLOBE NEWSWIRE) -- Total Site Solutions (TSS) (OTCQB: TSSI), a provider of data center services that reduce complexity and time-to-value through the integration of high-performance computing infrastructure and software, today shared the 2024 technology trends making a significant impact on data centers, digital transformation, and the Internet. Driven by the transformative explosion of artificial intelligence (AI) and machine learning (ML) and their impact on capacity and data compliance, these four trends will impact the market in 2024 and beyond: the adoption of modular data centers, new challenges for security and compliance, the impact of AI on energy efficiency and sustainability, and addressing the skill and talent gap in the industry.

"As the need for compute power and infrastructure continues to grow exponentially, particularly driven by AI and ML, the data center market and related technologies are having a significant impact on how people store, use, and protect data across virtually every industry," said Darryll Dewan, CEO of TSS. "While these trends and the industry have the potential to change rapidly, understanding what is happening now will better prepare people for the future and pave the way for advancements that will drive and support the infrastructure needs of society."

Data center technology trends to watch in 2024:
1. Adoption of Modular Data Centers: While "traditional racks" continue to
grow, the modular data center market is poised for significant growth
given the scalability, flexibility, cost-effectiveness, and speed of
deployment.

2. Investment in Security and Compliance: Always critical, new technologies
and innovations by both the "good guys" and "bad guys" and new
requirements to protect and ensure private and public data are not
co-mingled is changing every step of the planning, building, deployment,
and maintenance process.

3. Adoption of More Energy Efficient and Sustainable Technologies: With
requirement and regulations for environment, social and governance (ESG)
varying around the globe, technology innovation and improvement in
processes are moving beyond protecting one's reputation and brand to
becoming a competitive advantage and opportunity to reduce costs.

4. Addressing the Skills Gap and Need to Increase Training: The data center
sector is facing a skills gap due to rapid advancements, creating a need
for professionals with specialized knowledge in AI, hyperscale solutions,
modular technologies, and environmental considerations.

"Our modern digital world is creating a level of demand for data center technology, infrastructure, and talent that has never been seen before -- putting immense pressure on suppliers, vendors, and developers to deliver the components and capacity more and more rapidly," added Dewan. "Companies in the sector that can deliver more rapid time-to-value and the expertise to simplify complexity will be the winners in 2024."

Download the full Data Center Technology Trends report.

About TSS

TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and can efficiently utilize the technology they need. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation essential for modern computing, data, and business needs. TSS's reputation is built on passion and experience; as trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year.

TSS offers a comprehensive suite of Data Center Services including Modular Data Center integration, deployment, and maintenance, rack integration and deployment, data center moves, structured cabling, facility and site surveys and assessments, cybersecurity solutions, and IT procurement integration. https://tssiusa.com/
Contact:

TSS, INC. Wins Dell Technologies 2023 First Choice Partner Award
4:15 PM ET 9/13/23 | GlobeNewswire
Related Quotes


1:48 PM ET 9/14/23
Symbol Last % Chg
TSSI
0.35 14.58%
Real time quote.


TSS, INC. Wins Dell Technologies 2023 First Choice Partner Award

ROUND ROCK, Texas, Sept. 13, 2023 (GLOBE NEWSWIRE) -- TSS, Inc. (OTC: TSSI), a data center facilities and technology services company, has been awarded Dell Technologies' First Choice Partner Award for 2023.

Dell Technologies, one of the leading technology companies in the world, recognized TSS for being a top-performing data center integration partner with the recognition of the 2023 First Choice Partner Award.

TSS is a leading provider of transformative services that enable companies to efficiently deploy and benefit from technology products and solutions. They empower the critical infrastructure systems of enterprises by offering comprehensive solutions that deliver the latest technologies in data centers, operations centers, network facilities, server rooms, security operations centers, and communication facilities. With a commitment to providing rack integration, strategic procurement, and reselling services, TSS is also a leader in the implementation and maintenance of modular data centers. TSS aims to positively contribute to the success of its customers by driving innovation and progress in its services and solutions.

CEO and President Darryll Dewan accepted the Dell Technologies 2023 First Choice Partner Award on behalf of TSS, "We are honored to accept the Dell Technologies 2023 First Choice Partner Award. This achievement is a testament to our unwavering commitment to excellence and inspires us to strive for even greater service levels for our valued customers."

About TSS, Inc.

That's good
Thx Chil!

Date Name-Position Transaction Shares Price Range ($) Shares Held Mkt Value
5/16/23 Dewan Darryll E
Chief Executive Officer Purchase 72,500 0.350 – 0.350 72,500 $25.4 K
2/24/23 Brennan Kieran
Officer Award of Options 100,000 -- – -- 492,425 $--
Penver John K
Chief Financial Officer Award of Options 100,000 -- – -- 967,274 $--
12/30/22 Penver John K
Chief Financial Officer Exercise of Options 100,000 0.100 – 0.100 649,610 $10.0 K

No reason to have been this low,IMO. It's a profitable CO.

A bid!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 NEWS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
TSS, INC. TO REPORT FOURTH QUARTER AND FISCAL 2022 RESULTS ON MONDAY, April 3rd, 2023
4:21 PM ET 3/27/23 | GlobeNewswire
Related Quotes


9:30 AM ET 3/27/23
Symbol Last % Chg
TSSI
0.49 3.63%
Real time quote.


TSS, INC. TO REPORT FOURTH QUARTER AND FISCAL 2022 RESULTS ON MONDAY, April 3rd, 2023

ROUND ROCK, Texas, March 27, 2023 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center and mission critical facilities and technology services company, will report financial results for its fourth quarter and fiscal 2022 on Monday April 3rd, 2023. The Company will conduct a conference call at 4.30 p.m. eastern time that day.

To participate on the conference call, please dial 1-800-715-9871 toll free from the U.S., or 1-646-307-1963 for international callers. The event ID number is 9457117. 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 https://tss-inc.ir.rdgfilings.com.

adding at these levels
pays provided powder

Changing of the guards throw a wrench in things? New guy seems highly qualified tho, imo

buying opportunity for LT holding.

I'm also surprised by the dip. Great quarter. Seems to be a theme today. TSSI, AEY, BDCO all down after fantastic looking earnings comps. Even with the Russell ripping higher. Strange!

I thought earnings were good. WTF , guess they weren't.

TSS, Inc. Reports Third Quarter 2022 Results
4:00 PM ET 11/14/22 | GlobeNewswire
Related Quotes


3:58 PM ET 11/11/22
Symbol Last % Chg
TSSI
0.66 0.00%
Real time quote.


TSS, Inc. Reports Third Quarter 2022 Results

ROUND ROCK, Texas, Nov. 14, 2022 (GLOBE NEWSWIRE) -- TSS, Inc. (Other OTC: TSSI), a data center facilities and technology services company, reported results for its third quarter ended September 30, 2022.

Third Quarter Highlights (unaudited):
-- Third quarter 2022 revenue of $8.1 million compared with $4.6 million in
the third quarter of 2021.

-- Gross margin of 34% in the third quarter of 2022 compared with 42% in the
third quarter of 2021.

-- Operating income of $871,000 in the third quarter of 2022 compared to
operating income of $228,000 in the third quarter of 2021.

-- Net income of $605,000 or $0.03 per share in the third quarter of 2022
compared to net income of $123,000 or $0.01 per share in the third
quarter of 2021.

-- Adjusted EBITDA income of $1,043,000 in the third quarter of 2022
compared with Adjusted EBITDA income of $476,000 in the third quarter of
2021.

Year-to-date Highlights (unaudited):
-- 2022 revenue of $19.7 million compared with $12.8 million in 2021.
Reseller revenues were $5.6 million in 2022 compared to $3.0 million in
2021.

-- Gross margin of 36% in 2022 and 2021.

-- Operating income of $1,637,000 compared to an operating loss of $730,000
in 2021.

-- Net income of $1,068,000 or $0.05 per share in 2022 compared to a net
loss of $1,032,000 or $(0.06) per share in 2021.

-- Adjusted EBITDA income of $2,202,000 in 2022 compared with Adjusted
EBITDA income of $36,000 in 2021.

Prior to this earnings release, TSS announced the appointment of Darryll Dewan as President and CEO. Dewan commented, "I am looking forward to furthering my understanding of our business. It is clear the third quarter results reflect growth across all of our business units and strong net income and adjusted EBITDA. We expect to see strong demand continue into the fourth quarter. I will communicate further with our investors as I gain greater insight into our long-term strategy and investments we may consider in our business to maintain and expand our leadership in the data center infrastructure and IT services sectors."

Quarterly Conference Call Details

The Company has scheduled a conference call to discuss the third quarter 2022 financial results for Monday, November 14, 2022, at 4:30 PM Eastern. To participate on the conference call, please dial 1-888-596-4144 toll free from the U.S., or 1-646-968-2525 for international callers. The event ID number is 3130474. 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 four hours after the conclusion of the call and will be made available until December 14, 2022. The audio replay can be accessed at the following url: EVENT | ECHO PLAYBACK (registrations.events)

The conference ID to access the digital playback is 3130474. Additionally, a replay of the webcast will be available on the Company's website approximately two hours after the conclusion of the call and will remain available for 30 calendar days.

About Non-GAAP Financial Measures

Adjusted EBITDA is a supplemental financial measure not defined under Generally Accepted Accounting Principles (GAAP). We define Adjusted EBITDA as net income (loss) before interest expense, income taxes, depreciation and amortization, impairment loss on goodwill and other intangibles, stock-based compensation, and provision for bad debts. We present Adjusted EBITDA because we believe this supplemental measure of operating performance is helpful in comparing our operating results across reporting periods on a consistent basis by excluding non-cash items that may, or could, have a disproportionate positive or negative impact on our results of operations in any particular period. We also use Adjusted EBITDA as a factor in evaluating the performance of certain management personnel when determining incentive compensation.

Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA, while providing useful information, should not be considered in isolation or as an alternative to net income or cash flows as determined under GAAP. Consistent with Regulation G under the U.S. federal securities laws, Adjusted EBITDA has been reconciled to the nearest GAAP measure, and this reconciliation is located under the heading "Adjusted EBITDA Reconciliation" following the Consolidated Statements of Operations included in this press release.

About TSS, Inc.

TSS is a trusted single source provider of mission-critical planning, design, system integration, deployment, maintenance and evolution of data centers facilities and information infrastructure. TSS specializes in customizable end to end solutions powered by industry experts and innovative services that include technology consulting, engineering, design, construction, operations, facilities management, technology system installation and integration, as well as maintenance for traditional and modular data centers. For more information, visit www.tssiusa.com or call 888-321-4877.

Forward Looking Statements

This press release may contain "forward-looking statements" -- that is, statements related to future -- not past -- events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as "guidance," "prospects," "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could adversely or positively affect the Company's future results include: we may not have sufficient resources to fund our business and may need to issue debt or equity to obtain additional funding; our reliance on a significant portion of our revenues from a limited number of customers; risks relating to operating in a highly competitive industry; risks relating to the failure to maintain effective internal control over financial reporting; risks relating to rapid technological, structural, and competitive changes affecting the industries we serve; risks involved in properly managing complex projects; risks relating to the possible cancellation of customer contracts on short notice; risks relating our ability to continue to implement our strategy, including having sufficient financial resources to carry out that strategy; risks relating to our ability to meet all of the terms and conditions of our debt obligations; uncertainty related to current economic conditions including the impact of the COVID-19 pandemic and the related impact on demand for our services; and other risks and uncertainties disclosed in our filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2021. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Company Contact:

TSS, Inc.

John Penver, CFO

Phone: (512) 310-1000

TSS, Inc.

Consolidated Balance Sheets

(In thousands except par values)

September 30, December 31,
2022 2021
----------------------------- ---------------------
(unaudited)
Assets
Current Assets
Cash and cash
equivalents $ 9,605 $ 7,992
Contract and
other
receivables,
net 3,046 1,846
Costs and
estimated
earnings in
excess of
billings on
uncompleted
contracts 3,098 573
Inventories, net 1,739 847
Prepaid expenses
and other
current assets 291 550
--------------------------- -----------------
Total current
assets 17,779 11,808
Property and
equipment, net 314 281
Lease right-of-use
assets 5,050 5,566
Goodwill 780 780
Intangible assets,
net 58 126
Other assets 908 720
--------------------------- -----------------
Total assets $ 24,889 $ 19,281
--------------------------- -----------------
Liabilities and
Stockholders'
Equity
Current Liabilities
Accounts payable
and accrued
expenses $ 11,619 $ 7,016
Deferred
revenues 4,274 2,435
Current portion
of long-term
borrowings - 2,023
Current portion
of lease
liabilities 621 644
--------------------------- -----------------
Total current
liabilities 16,514 12,118
Non-current portion
of lease
liabilities 4,469 4,938
Non-current portion
of deferred
revenues - 22
--------------------------- -----------------
Total

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November 14, 2022 16:00 ET (21:00 GMT)