Quarterly ResultMay 7, 2026, 04:25 PM
TSS Q1 Revenue $55.3M, Net Income $2.28M; EPS $0.08
AI Summary
TSS, Inc. reported a significant decline in Q1 2026 revenues and net income compared to the prior year. Total revenues decreased to $55.3 million from $99.0 million, while net income fell to $2.28 million from $2.98 million. Basic EPS was $0.08, down from $0.13. Despite the overall decline, system integration services revenue saw a notable increase, and the company's stockholders' equity improved.
Key Highlights
- Total revenues decreased 44.1% to $55.3 million from $99.0 million year-over-year.
- Net income declined to $2.28 million from $2.98 million in Q1 2025.
- Basic earnings per share was $0.08, down from $0.13 in the prior year.
- Procurement revenues fell 55.7% to $39.98 million from $90.18 million.
- System integration revenues increased 88.1% to $14.08 million from $7.48 million.
- Net cash used in operating activities was $14.93 million, compared to $20.64 million provided in Q1 2025.
- Total stockholders' equity increased to $78.68 million from $76.64 million.
- Cash and cash equivalents decreased to $65.97 million from $85.51 million.