TSS, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $245.7M | $148.1M | $54.4M | $30.6M | $27.4M | $45.1M | $32.8M | $22.3M |
| Cost of Revenue | $213.3M | $125.8M | $43.4M | $21.7M | $21.0M | $38.3M | $26.2M | $13.9M |
| Gross Profit | $32.4M | $22.4M | $11.0M | $9.0M | $6.4M | $6.8M | $6.6M | $8.5M |
| Gross Margin | 13.2% | 15.1% | 20.2% | 29.3% | 23.2% | 15.1% | 20.1% | 38.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $20.7M | $13.2M | $8.9M | $7.7M | $6.7M | $6.7M | $5.7M | $6.4M |
| Operating Income | $6.3M | $5.8M | $-221.0K | $914.0K | $-831.0K | $-400.0K | $480.0K | $2.9M |
| Operating Margin | 2.6% | 3.9% | -0.4% | 3.0% | -3.0% | -0.9% | 1.5% | 12.8% |
| Interest Expense | — | $2.7M | $2.0M | $931.0K | $430.0K | $367.0K | $313.0K | $403.0K |
| Pretax Income | $7.5M | $6.1M | $134.0K | $-17.0K | $-1.2M | $129.0K | $167.0K | $2.5M |
| Income Tax Expense | $-7.6M | $158.0K | $60.0K | $56.0K | $65.0K | $50.0K | $41.0K | $26.0K |
| Net Income | $15.1M | $6.0M | $74.0K | $-73.0K | $-1.3M | $79.0K | $126.0K | $2.4M |
| Net Margin | 6.2% | 4.0% | 0.1% | -0.2% | -4.7% | 0.2% | 0.4% | 10.9% |
| EPS (Basic) | $0.61 | $0.27 | $0.00 | $0.00 | $-0.07 | $0.00 | $0.01 | $0.16 |
| EPS (Diluted) | $0.56 | $0.24 | $0.00 | $0.00 | $-0.07 | $0.00 | $0.01 | $0.13 |
| Shares Outstanding (Basic) | — | — | 21.6M | 20.1M | 18.4M | 17.8M | 17.4M | 15.5M |
| Shares Outstanding (Diluted) | 27.2M | 25.1M | 22.0M | 20.1M | 18.4M | 21.0M | 20.9M | 18.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |