TSS (TSSI) Financials

$12.01 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$11.86 -0.15 (-1.28%)

As of 05/22/2026 07:59 PM Eastern

Annual Income Statements for TSS

This table shows TSS's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	6.36
Consolidated Net Income / (Loss)	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	5.98
Net Income / (Loss) Continuing Operations	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	6.36
Total Pre-Tax Income	-2.75	-2.18	-1.00	0.78	2.46	0.17	0.13	-1.23	-0.02	0.13	6.13
Total Operating Income	-2.47	-1.85	-0.63	1.11	0.59	0.48	-0.40	-0.83	0.91	1.75	8.50
Total Gross Profit	8.56	8.37	7.21	7.73	8.48	6.59	6.80	6.36	8.98	11	22
Total Revenue	28	29	27	18	7.15	24	45	27	31	54	148
Operating Revenue	28	29	27	18	7.15	24	45	27	31	54	148
Total Cost of Revenue	19	21	20	11	-1.33	17	38	21	22	43	126
Operating Cost of Revenue	19	21	20	11	-1.33	17	38	21	22	43	126
Total Operating Expenses	11	10	7.84	6.62	7.90	6.11	7.20	7.19	8.07	9.25	14
Selling, General & Admin Expense	11	9.65	8.15	6.46	6.37	5.74	6.67	6.66	7.68	8.93	13
Depreciation Expense	0.49	0.57	0.60	0.48	0.39	0.37	0.53	0.54	0.38	0.32	0.61
Total Other Income / (Expense), net	-0.28	-0.34	-0.37	-0.33	1.88	-0.31	0.53	-0.40	-0.93	-1.62	-1.98
Interest Expense	-	-	-	-	-	-	-	-	-	1.97	2.74
Interest & Investment Income	-0.28	-0.34	-0.37	-0.33	-0.40	-0.31	-0.37	-0.43	-0.93	0.36	0.56
Other Income / (Expense), net	0.00	0.01	-0.01	-0.00	2.28	0.00	0.90	0.03	-	0.00	0.19
Income Tax Expense	0.05	0.02	0.02	0.01	0.03	0.04	0.05	0.07	0.06	0.06	0.16
Basic Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.16	$0.01	$0.00	($0.07)	$0.00	$0.00	$0.27
Weighted Average Basic Shares Outstanding	15.02M	14.82M	15.41M	15.54M	-	-	17.96M	18.87M	21.54M	21.77M	25.03M
Diluted Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.13	$0.01	-	-	-	$0.00	$0.24
Weighted Average Diluted Shares Outstanding	15.66M	14.82M	15.41M	15.54M	-	17.84M	17.96M	18.87M	21.54M	21.77M	25.03M
Weighted Average Basic & Diluted Shares Outstanding	15.66M	14.82M	15.41M	15.54M	-	-	17.96M	18.87M	21.54M	21.77M	25.03M

This table shows TSS's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.61	-1.14	-0.79	0.32	0.21	0.34	0.02	1.40	2.65	2.30	2.98
Consolidated Net Income / (Loss)	0.61	-1.14	-0.79	0.32	0.21	0.34	0.02	1.40	2.65	1.91	2.98
Net Income / (Loss) Continuing Operations	0.61	-1.14	-0.79	0.32	0.21	0.34	0.02	1.40	2.65	2.30	2.98
Total Pre-Tax Income	0.62	-1.12	-0.78	0.33	0.23	0.35	0.03	1.43	2.67	2.02	3.03
Total Operating Income	0.87	-0.72	-0.67	0.98	0.72	0.73	0.25	1.70	3.79	2.76	4.11
Total Gross Profit	2.77	1.94	1.69	3.22	2.83	3.26	2.71	4.54	7.89	7.21	9.21
Total Revenue	8.08	11	6.57	15	8.88	24	16	12	70	50	99
Operating Revenue	8.08	11	6.57	15	8.88	24	16	12	70	50	99
Total Cost of Revenue	5.31	9.01	4.89	11	6.05	21	13	7.62	62	43	90
Operating Cost of Revenue	5.31	9.01	4.89	11	6.05	21	13	7.62	62	43	90
Total Operating Expenses	1.89	2.66	2.35	2.25	2.12	2.54	2.46	2.84	4.09	4.46	5.10
Selling, General & Admin Expense	1.83	2.53	2.26	2.16	2.04	2.47	2.39	2.72	3.89	4.25	4.89
Depreciation Expense	0.07	0.14	0.09	0.09	0.07	0.07	0.07	0.12	0.21	0.21	0.21
Total Other Income / (Expense), net	-0.26	-0.39	-0.11	-0.65	-0.48	-0.37	-0.23	-0.27	-1.13	-0.35	-1.09
Interest Expense	-	-	-	-	-	-	0.33	-	-	-	1.47
Interest & Investment Income	-0.26	-0.39	-0.11	-0.65	-0.48	1.60	0.10	-0.27	-1.13	2.19	0.38
Other Income / (Expense), net	-	-	-	-	-	-	0.00	-	-	-	0.00
Income Tax Expense	0.01	0.02	0.01	0.01	0.02	0.02	0.01	0.03	0.02	0.10	0.05
Basic Earnings per Share	$0.03	($0.05)	($0.04)	$0.01	$0.01	$0.02	$0.00	$0.06	$0.12	$0.09	$0.13
Weighted Average Basic Shares Outstanding	21.34M	21.54M	21.54M	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M
Diluted Earnings per Share	$0.03	-	($0.04)	$0.01	$0.01	$0.02	$0.00	$0.06	$0.10	$0.08	$0.12
Weighted Average Diluted Shares Outstanding	21.34M	21.54M	21.54M	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M
Weighted Average Basic & Diluted Shares Outstanding	21.34M	21.54M	21.54M	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M

This table details how cash moves in and out of TSS's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1.91	-0.25	1.02	0.12	3.91	2.50	10	-11	12	-8.57	11
Net Cash From Operating Activities	0.62	-1.55	2.23	-0.05	1.90	3.02	10.00	-10	15	-8.27	15
Net Cash From Continuing Operating Activities	0.62	-1.55	2.23	-0.05	5.21	3.02	10.00	-10	15	-8.27	15
Net Income / (Loss) Continuing Operations	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	5.98
Consolidated Net Income / (Loss)	-2.80	-2.21	-1.02	0.77	2.44	0.13	0.08	-1.30	-0.07	0.07	5.98
Depreciation Expense	0.39	0.57	0.60	0.48	0.39	0.37	0.53	0.54	0.38	0.32	0.61
Non-Cash Adjustments To Reconcile Net Income	0.51	0.49	-0.72	0.06	-0.98	0.44	-0.40	1.47	1.72	0.78	1.27
Changes in Operating Assets and Liabilities, net	2.38	-0.46	3.34	-1.39	-0.02	2.00	9.70	-11	13	-9.44	7.44
Net Cash From Investing Activities	-0.51	-0.41	0.50	0.10	1.90	-0.42	-0.40	-0.06	-0.54	-0.26	-8.48
Net Cash From Continuing Investing Activities	-0.51	-0.41	0.50	0.10	2.39	-0.42	-0.40	-0.06	-0.54	-0.26	-8.48
Purchase of Property, Plant & Equipment	-0.51	-0.41	-0.29	-0.21	-0.24	-0.59	-0.40	-0.06	-0.54	-0.26	-8.48
Net Cash From Financing Activities	-2.03	1.72	-1.71	0.06	0.11	-0.10	0.73	-0.50	-1.77	-0.04	4.58
Net Cash From Continuing Financing Activities	-2.03	1.72	-1.71	0.06	0.12	-0.10	0.73	-0.50	-1.77	-0.04	4.58
Repayment of Debt	-2.03	-0.20	-2.45	-0.99	-	-	-	-0.35	-2.05	0.00	0.00
Repurchase of Common Equity	0.00	-0.02	-0.00	-0.00	-0.01	-0.16	-0.17	-0.20	-0.13	-0.04	-4.49
Issuance of Debt	-	1.94	0.74	1.05	-	0.00	0.89	-	-	0.00	8.20
Other Financing Activities, net	-	-	-	-	-	0.00	0.02	0.00	0.37	0.00	0.86
Cash Interest Paid	0.16	0.28	0.31	0.27	0.22	0.23	0.15	0.15	0.94	1.96	2.60
Cash Income Taxes Paid	0.03	0.08	0.07	0.04	0.06	0.07	0.06	0.06	0.04	0.05	0.08

This table details how cash moves in and out of TSS's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/6/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1.24	11	-14	18	4.53	-17	2.55	-6.07	38	-23	4.12
Net Cash From Operating Activities	3.08	11	-14	18	4.59	-17	2.65	-4.33	39	-22	21
Net Cash From Continuing Operating Activities	3.08	11	-14	18	4.59	-17	2.65	-4.33	39	-22	21
Net Income / (Loss) Continuing Operations	0.61	-1.14	-0.79	0.32	0.21	0.34	0.02	1.40	2.65	1.91	2.98
Consolidated Net Income / (Loss)	0.61	-1.14	-0.79	0.32	0.21	0.34	0.02	1.40	2.65	1.91	2.98
Depreciation Expense	0.07	0.14	0.09	0.09	0.07	0.07	0.07	0.12	0.21	0.21	0.21
Non-Cash Adjustments To Reconcile Net Income	-0.52	3.91	0.14	0.44	-0.32	0.51	0.16	0.30	0.36	-0.45	1.68
Changes in Operating Assets and Liabilities, net	2.93	8.26	-13	17	4.63	-18	2.40	-6.15	35	-23	16
Net Cash From Investing Activities	-0.09	-0.32	-0.19	-0.02	-0.04	-0.02	-0.04	-1.68	-0.05	-6.72	-15
Net Cash From Continuing Investing Activities	-0.09	-0.32	-0.19	-0.02	-0.04	-0.02	-0.04	-1.68	-0.05	-6.72	-15
Purchase of Property, Plant & Equipment	-0.09	-0.32	-0.19	-0.02	-0.04	-0.02	-0.04	-1.68	-0.05	-6.72	-15
Net Cash From Financing Activities	-1.75	-0.04	-0.00	-0.01	-0.02	-0.01	-0.06	-0.06	-0.45	5.14	-1.65
Net Cash From Continuing Financing Activities	-1.75	-0.04	-0.00	-0.01	-0.02	-0.01	-0.06	-0.06	-0.45	5.14	-1.65
Repayment of Debt	-2.04	-	-	-	-	-	0.00	-	-	-	0.00
Repurchase of Common Equity	-0.08	-0.05	-0.00	-0.01	-0.02	-0.01	-0.06	-0.06	-0.64	-3.73	-1.65
Other Financing Activities, net	-	-	-	-	-	-	0.00	-	-	0.67	0.01
Cash Interest Paid	0.12	0.55	0.14	0.53	0.90	0.39	0.32	0.22	1.43	0.63	1.54
Cash Income Taxes Paid	0.01	0.01	0.01	0.03	0.00	-	0.00	0.08	-	-	0.00

This table presents TSS's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	10	13	8.58	6.73	9.11	18	24	19	31	26	97
Total Current Assets	6.77	9.51	5.39	3.73	7.43	14	21	12	24	19	58
Cash & Equivalents	1.38	1.13	2.15	2.27	6.18	8.68	19	7.99	20	12	23
Accounts Receivable	4.99	8.08	2.93	0.99	0.73	3.87	0.92	1.85	2.75	3.53	16
Inventories, net	0.15	0.07	0.06	0.13	0.11	1.35	0.20	0.85	0.86	2.34	18
Prepaid Expenses	0.24	0.24	0.25	0.11	0.27	0.11	0.06	0.55	0.18	0.30	0.25
Other Current Assets	-	-	-	0.22	0.15	0.18	0.81	0.57	0.23	1.31	0.85
Plant, Property, & Equipment, net	0.67	0.70	0.54	0.42	0.39	0.71	0.66	0.28	0.59	0.63	8.59
Total Noncurrent Assets	2.98	2.78	2.64	2.58	1.29	2.68	2.16	7.19	6.41	5.66	30
Goodwill	1.91	1.91	1.91	1.91	0.78	0.78	0.78	0.78	0.78	0.78	0.78
Other Noncurrent Operating Assets	0.09	0.03	0.03	0.11	0.11	1.59	1.16	6.29	5.59	4.88	29
Total Liabilities & Shareholders' Equity	10	13	8.58	6.73	9.11	18	24	19	31	26	97
Total Liabilities	9.47	14	10	7.03	6.63	15	21	17	28	22	89
Total Current Liabilities	8.88	13	9.12	5.34	4.57	12	18	12	24	18	57
Accounts Payable	5.55	7.61	5.32	2.84	2.39	8.85	13	7.02	22	14	53
Current Deferred Revenue	2.01	2.48	2.82	2.49	2.18	2.10	3.96	2.44	2.08	3.37	2.61
Other Current Liabilities	-	0.00	0.74	-	0.00	0.65	0.75	0.64	0.47	0.69	0.97
Total Noncurrent Liabilities	0.59	1.07	0.89	1.70	70	3.10	2.54	4.96	4.31	3.63	33
Long-Term Debt	0.58	1.04	0.83	1.66	1.84	2.03	2.23	-	-	0.00	8.20
Noncurrent Deferred Revenue	-	-	-	0.00	0.11	0.11	0.10	0.02	-	0.00	0.77
Other Noncurrent Operating Liabilities	0.02	0.04	0.06	0.04	68	0.96	0.21	4.94	4.31	3.63	24
Total Equity & Noncontrolling Interests	0.95	-0.60	-1.43	-0.31	-65	2.87	3.18	2.20	2.93	3.55	7.14
Total Preferred & Common Equity	0.95	-0.60	-1.43	-0.31	-65	2.87	3.18	2.20	2.93	3.55	7.14
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.95	-0.60	-1.43	-0.31	-65	2.87	3.18	2.20	2.93	3.55	7.14
Common Stock	68	68	69	69	69	70	70	71	72	72	74
Retained Earnings	-65	-67	-68	-68	-65	-65	-65	-66	-66	-66	-60
Other Equity Adjustments	-	-	-	-	-71	-	-	-	-	-	-6.73

This table presents TSS's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	21	25	24	43	45	27	29	67	114
Total Current Assets	13	18	17	37	38	20	21	60	61
Cash & Equivalents	8.37	9.61	6.67	24	29	14	8.31	46	27
Accounts Receivable	1.62	3.05	2.83	11	6.31	4.57	7.00	7.96	11
Inventories, net	0.23	1.74	7.31	1.26	2.13	0.85	4.94	4.98	20
Prepaid Expenses	0.35	0.29	0.24	0.41	0.34	0.20	0.45	0.37	0.51
Other Current Assets	2.80	3.10	0.40	0.13	0.61	0.49	0.52	0.19	1.78
Plant, Property, & Equipment, net	0.27	0.31	0.71	0.68	0.66	0.62	2.21	2.06	23
Total Noncurrent Assets	6.97	6.80	6.22	6.04	5.85	5.68	5.48	5.27	29
Goodwill	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78
Other Noncurrent Operating Assets	6.11	5.96	5.43	5.26	5.07	4.90	4.70	4.49	28
Total Liabilities & Shareholders' Equity	21	25	24	43	45	27	29	67	114
Total Liabilities	18	21	22	41	42	23	24	60	104
Total Current Liabilities	13	17	18	37	38	20	19	56	72
Accounts Payable	5.75	12	15	34	22	16	14	52	66
Current Deferred Revenue	4.65	4.27	2.06	1.60	15	2.61	4.96	2.92	4.34
Other Current Liabilities	0.61	0.62	0.64	0.66	0.67	0.75	0.76	0.77	1.65
Total Noncurrent Liabilities	4.63	4.47	4.15	3.98	3.81	3.49	4.34	4.00	32
Long-Term Debt	-	-	-	-	-	-	-	-	8.20
Noncurrent Deferred Revenue	0.01	0.00	-	-	-	-	1.04	0.91	0.68
Other Noncurrent Operating Liabilities	4.63	4.47	4.15	3.98	3.81	3.49	3.30	3.10	23
Total Equity & Noncontrolling Interests	2.91	3.91	2.29	2.75	3.09	3.66	5.15	7.65	9.39
Total Preferred & Common Equity	2.91	3.91	2.29	2.75	3.09	3.66	5.15	7.65	9.39
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2.91	3.91	2.29	2.75	3.09	3.66	5.15	7.65	9.39
Common Stock	71	71	72	72	72	72	72	73	75
Retained Earnings	-66	-65	-67	-67	-67	-66	-65	-62	-57
Other Equity Adjustments	-	-	-	-	-	-	-	-	-8.38

This table displays calculated financial ratios and metrics derived from TSS's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-37.01%	5.37%	-7.17%	-33.09%	21.94%	229.03%	0.00%	-39.17%	11.77%	77.56%	172.33%
EBITDA Growth	11.68%	37.42%	99.50%	27,066.67%	105.93%	-72.03%	19.74%	-118.37%	743.41%	56.94%	349.52%
EBIT Growth	4.77%	25.60%	65.27%	272.61%	159.84%	-83.25%	3.33%	-261.69%	213.97%	91.47%	396.97%
NOPAT Growth	4.04%	25.23%	65.77%	346.71%	159.41%	-37.54%	-167.64%	-137.47%	209.99%	51.05%	757.18%
Net Income Growth	-0.32%	21.33%	53.61%	174.88%	218.15%	-94.83%	0.00%	-1,741.77%	94.37%	201.37%	7,975.68%
EPS Growth	0.00%	26.32%	50.00%	171.43%	160.00%	-92.31%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	129.98%	-349.52%	243.81%	-102.02%	4,322.22%	58.68%	231.58%	-204.55%	240.76%	-156.21%	284.98%
Free Cash Flow Firm Growth	104.04%	-1,369.01%	342.31%	-113.17%	852.77%	-194.50%	114.63%	-208.80%	237.71%	-157.30%	196.00%
Invested Capital Growth	-55.91%	19.00%	-244.28%	63.50%	-102.73%	94.56%	-259.56%	72.30%	-363.70%	52.57%	4.81%
Revenue Q/Q Growth	-14.26%	5.98%	-9.35%	-11.68%	4.28%	700.89%	0.00%	36.55%	-10.61%	32.88%	20.91%
EBITDA Q/Q Growth	21.55%	20.69%	93.10%	3.25%	49.69%	-51.20%	84.16%	18.65%	-32.25%	201.75%	34.08%
EBIT Q/Q Growth	19.41%	12.80%	15.92%	5.25%	64.33%	-68.02%	0.00%	7.82%	-40.49%	479.47%	34.38%
NOPAT Q/Q Growth	19.41%	12.37%	18.32%	7.70%	69.28%	146.53%	0.00%	4.48%	-54.92%	357.15%	30.06%
Net Income Q/Q Growth	16.27%	10.51%	11.43%	13.31%	88.91%	-89.18%	0.00%	-228.35%	-109.09%	105.27%	35.85%
EPS Q/Q Growth	13.64%	17.65%	-16.67%	25.00%	116.67%	-85.71%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-49.27%	-235.66%	161.36%	53.61%	-8.87%	224.54%	201.93%	-439.13%	3,586.26%	-141.89%	-23.89%
Free Cash Flow Firm Q/Q Growth	-85.78%	-239.02%	97.66%	-336.27%	104.85%	-22,683.38%	288.51%	-447.83%	3,070.38%	-140.82%	-59.67%
Invested Capital Q/Q Growth	-59.91%	67.24%	-75.79%	-206.69%	-297.22%	-146.16%	-239.96%	50.45%	-206.42%	67.66%	79.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.59%	28.38%	26.33%	42.18%	37.98%	28.02%	15.10%	23.21%	29.31%	20.22%	15.09%
EBITDA Margin	-6.91%	-4.11%	-0.02%	8.83%	14.92%	3.96%	2.48%	-0.75%	4.31%	3.81%	6.28%
Operating Margin	-8.84%	-6.27%	-2.31%	6.04%	12.83%	2.04%	-0.89%	-3.03%	2.98%	3.22%	5.74%
EBIT Margin	-8.84%	-6.24%	-2.33%	6.02%	12.83%	2.04%	1.10%	-2.93%	2.98%	3.22%	5.87%
Profit (Net Income) Margin	-10.02%	-7.48%	-3.74%	4.18%	10.91%	0.54%	0.18%	-4.73%	-0.24%	0.14%	4.03%
Tax Burden Percent	101.93%	100.96%	101.89%	98.84%	98.94%	75.45%	61.24%	105.28%	429.41%	55.22%	97.42%
Interest Burden Percent	111.20%	118.70%	157.12%	70.26%	85.94%	34.79%	26.01%	153.62%	-1.86%	7.66%	70.53%
Effective Tax Rate	0.00%	0.00%	0.00%	1.16%	1.06%	24.55%	38.76%	0.00%	0.00%	44.78%	2.58%
Return on Invested Capital (ROIC)	-72.42%	-80.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-438.88%	-144.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-61.19%	-1,193.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-133.60%	-1,274.57%	100.74%	-88.25%	223.99%	-0.40%	2.61%	-48.16%	-2.84%	2.28%	111.84%
Cash Return on Invested Capital (CROIC)	5.18%	-98.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-18.02%	-15.72%	-5.92%	14.42%	36.19%	3.60%	2.40%	-3.72%	3.61%	6.14%	14.24%
Return on Assets (ROA)	-20.43%	-18.84%	-9.49%	10.01%	30.78%	0.94%	0.38%	-6.02%	-0.29%	0.26%	9.78%
Return on Common Equity (ROCE)	-133.60%	-1,274.57%	100.74%	-88.25%	223.99%	-0.40%	2.61%	-48.16%	-2.84%	2.28%	111.84%
Return on Equity Simple (ROE_SIMPLE)	-296.30%	367.50%	71.49%	-251.15%	98.23%	4.39%	2.48%	-58.87%	-2.49%	2.09%	83.72%
Net Operating Profit after Tax (NOPAT)	-1.73	-1.29	-0.44	1.09	2.84	0.36	-0.24	-0.58	0.64	0.97	8.28
NOPAT Margin	-6.19%	-4.39%	-1.62%	5.97%	12.70%	1.54%	-0.54%	-2.12%	2.09%	1.78%	5.59%
Net Nonoperating Expense Percent (NNEP)	366.46%	63.73%	92.05%	-38.65%	-16.10%	-4.30%	2.77%	-6.29%	-5.41%	-5.54%	-17.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	27.23%	54.01%
Cost of Revenue to Revenue	69.41%	71.62%	73.67%	57.82%	62.02%	71.98%	84.90%	76.79%	70.69%	79.78%	84.91%
SG&A Expenses to Revenue	37.68%	32.73%	29.77%	35.26%	28.53%	24.41%	14.81%	24.28%	25.08%	16.42%	8.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.43%	34.65%	28.65%	36.14%	25.15%	25.98%	15.98%	26.24%	26.33%	17.01%	9.35%
Earnings before Interest and Taxes (EBIT)	-2.47	-1.84	-0.64	1.10	2.87	0.48	0.50	-0.80	0.91	1.75	8.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.94	-1.21	-0.01	1.62	3.33	0.93	1.12	-0.21	1.32	2.07	9.31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.12	0.00	0.00	0.00	6.69	10.14	4.01	3.87	4.10	1.66	41.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	12.74	16.32	5.83	6.58	5.67	2.12	46.69
Price to Revenue (P/Rev)	0.21	0.07	0.02	0.44	0.74	1.24	0.28	0.31	0.39	0.11	2.00
Price to Earnings (P/E)	0.00	0.00	0.00	10.55	6.81	230.81	161.40	0.00	0.00	79.44	46.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	9.48%	14.68%	0.43%	0.62%	0.00%	0.00%	1.26%	2.14%
Enterprise Value to Invested Capital (EV/IC)	4.31	2.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.23	0.14	0.00	0.41	0.55	0.95	0.00	0.09	0.00	0.00	1.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	4.62	3.68	24.07	0.00	0.00	0.00	0.00	30.29
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	6.77	4.28	46.73	0.00	0.00	0.00	0.00	32.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	6.83	4.32	61.94	0.00	0.00	0.00	0.00	34.02
Enterprise Value to Operating Cash Flow (EV/OCF)	10.15	0.00	0.00	0.00	6.45	7.44	0.00	0.00	0.00	0.00	18.42
Enterprise Value to Free Cash Flow (EV/FCFF)	50.93	0.00	0.00	0.00	3.25	0.00	0.00	0.00	0.00	0.00	35.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.00	-5.79	-0.75	-5.43	0.74	0.71	0.70	0.92	0.00	0.00	1.15
Long-Term Debt to Equity	0.61	-1.73	-0.58	-5.43	0.74	0.71	0.70	0.00	0.00	0.00	1.15
Financial Leverage	0.14	8.26	-0.62	0.98	-2.28	0.18	-3.87	-4.22	-5.13	-4.97	-2.51
Leverage Ratio	6.54	67.66	-10.62	-8.82	7.28	-0.43	6.84	8.00	9.87	8.79	11.43
Compound Leverage Factor	7.27	80.30	-16.69	-6.19	6.25	-0.15	1.78	12.29	-0.18	0.67	8.06
Debt to Total Capital	66.70%	120.88%	-297.50%	122.58%	42.56%	41.41%	41.24%	47.87%	0.00%	0.00%	53.46%
Short-Term Debt to Total Capital	46.46%	84.82%	-68.33%	0.00%	0.00%	0.00%	0.00%	47.87%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.24%	36.06%	-229.17%	122.58%	42.56%	41.41%	41.24%	0.00%	0.00%	0.00%	53.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	33.30%	-20.88%	397.50%	-22.58%	57.44%	58.59%	58.76%	52.13%	100.00%	100.00%	46.54%
Debt to EBITDA	-0.98	-2.87	-178.50	1.02	0.55	2.18	2.00	-9.87	0.00	0.00	0.88
Net Debt to EBITDA	-0.27	-1.93	180.17	-0.38	-1.30	-7.14	-15.03	29.12	0.00	0.00	-1.61
Long-Term Debt to EBITDA	-0.30	-0.86	-137.50	1.02	0.55	2.18	2.00	0.00	0.00	0.00	0.88
Debt to NOPAT	-1.09	-2.68	-2.42	1.51	0.65	5.60	-9.12	-3.48	0.00	0.00	0.99
Net Debt to NOPAT	-0.30	-1.81	2.44	-0.56	-1.53	-18.36	68.49	10.26	0.00	0.00	-1.81
Long-Term Debt to NOPAT	-0.33	-0.80	-1.86	1.51	0.65	5.60	-9.12	0.00	0.00	0.00	0.99
Altman Z-Score	-6.74	-5.65	-8.71	-10.41	-4.65	-2.39	-1.34	-3.25	-1.63	-1.07	2.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.76	0.59	0.70	1.63	1.22	1.16	0.97	1.01	1.05	1.02
Quick Ratio	0.72	0.74	0.56	0.61	1.51	1.08	1.10	0.81	0.96	0.83	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.12	-1.57	3.81	-0.50	3.78	-65	9.57	-10	14	-8.21	7.89
Operating Cash Flow to CapEx	122.68%	-377.62%	769.66%	-21.23%	785.12%	507.58%	2,524.49%	-16,331.25%	2,744.78%	-3,217.51%	180.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.17	2.88
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.20	5.59
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.33	2.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.04	2.52	2.54	2.39	2.82	1.76	2.18	1.27	1.21	1.91	2.43
Accounts Receivable Turnover	4.01	4.51	4.97	9.35	26.02	10.24	18.85	19.86	13.35	17.35	15.02
Inventory Turnover	104.71	191.99	322.64	109.75	114.48	23.18	49.37	40.32	25.34	27.08	12.57
Fixed Asset Turnover	50.56	42.98	43.94	38.08	55.28	42.96	65.93	58.13	70.59	89.55	32.14
Accounts Payable Turnover	2.96	3.21	3.12	2.60	5.30	3.01	3.44	2.06	1.51	2.41	3.72
Days Sales Outstanding (DSO)	90.95	80.92	73.40	39.04	14.03	35.63	19.36	18.38	27.35	21.04	24.31
Days Inventory Outstanding (DIO)	3.49	1.90	1.13	3.33	3.19	15.75	7.39	9.05	14.40	13.48	29.04
Days Payable Outstanding (DPO)	123.43	113.68	116.99	140.61	68.92	121.17	106.02	176.79	241.28	151.30	98.22
Cash Conversion Cycle (CCC)	-28.99	-30.86	-42.46	-98.25	-51.70	-69.79	-79.26	-149.35	-199.53	-116.78	-44.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1.46	1.74	-2.51	-0.92	-1.86	-3.78	-14	-3.77	-17	-8.28	-7.88
Invested Capital Turnover	11.71	18.41	-71.01	-10.68	-16.09	-0.64	-5.19	-3.16	-2.89	-4.23	-18.33
Increase / (Decrease) in Invested Capital	-1.86	0.28	-4.25	1.60	-0.94	66	-9.81	9.83	-14	9.18	0.40
Enterprise Value (EV)	6.31	4.27	-0.46	7.47	12	22	-4.03	2.56	-8.38	-5.95	282
Market Capitalization	5.79	1.93	0.62	8.08	17	29	13	8.53	12	5.88	297
Book Value per Share	$0.06	($0.04)	($0.09)	($0.02)	$0.13	$0.16	$0.17	$0.12	$0.14	$0.16	$0.32
Tangible Book Value per Share	($0.13)	($0.21)	($0.26)	($0.18)	$0.07	$0.10	$0.12	$0.07	$0.10	$0.13	$0.28
Total Capital	2.84	2.87	-0.36	1.35	4.32	4.90	5.42	4.23	2.93	3.55	15
Total Debt	1.90	3.47	1.07	1.66	1.84	2.03	2.23	2.02	0.00	0.00	8.20
Total Long-Term Debt	0.58	1.04	0.83	1.66	1.84	2.03	2.23	0.00	0.00	0.00	8.20
Net Debt	0.52	2.34	-1.08	-0.61	-4.34	-6.65	-17	-5.97	-20	-12	-15
Capital Expenditures (CapEx)	0.51	0.41	0.29	0.21	0.24	0.59	0.40	0.06	0.54	0.26	8.48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.17	-1.70	-5.64	-3.87	-3.32	-6.09	-16	-6.28	-20	-11	-22
Debt-free Net Working Capital (DFNWC)	-0.79	-0.57	-3.48	-1.61	2.86	2.59	2.90	1.71	0.25	0.89	1.28
Net Working Capital (NWC)	-2.11	-3.01	-3.73	-1.61	2.86	2.59	2.90	-0.31	0.25	0.89	1.28
Net Nonoperating Expense (NNE)	1.07	0.91	0.58	0.33	0.40	0.24	-0.32	0.72	0.71	0.89	2.31
Net Nonoperating Obligations (NNO)	0.52	2.34	-1.08	-0.61	-4.34	-6.65	-17	-5.97	-20	-12	-15
Total Depreciation and Amortization (D&A)	0.54	0.63	0.63	0.52	0.47	0.45	0.62	0.60	0.41	0.32	0.61
Debt-free, Cash-free Net Working Capital to Revenue	-7.74%	-5.77%	-20.59%	-21.15%	-14.85%	-25.90%	-35.75%	-22.91%	-65.77%	-20.11%	-14.81%
Debt-free Net Working Capital to Revenue	-2.82%	-1.93%	-12.72%	-8.77%	12.81%	10.99%	6.44%	6.25%	0.81%	1.64%	0.86%
Net Working Capital to Revenue	-7.53%	-10.20%	-13.62%	-8.77%	12.81%	10.99%	6.44%	-1.13%	0.81%	1.64%	0.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.16	$0.01	$0.00	($0.07)	$0.00	$0.00	$0.27
Adjusted Weighted Average Basic Shares Outstanding	15.02M	15.54M	15.62M	15.54M	15.53M	0.00	17.96M	18.87M	21.54M	21.77M	25.03M
Adjusted Diluted Earnings per Share	($0.19)	($0.14)	($0.07)	$0.05	$0.13	$0.01	$0.00	$0.00	$0.00	$0.00	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	15.66M	15.64M	15.62M	15.54M	18.70M	17.84M	17.96M	18.87M	21.54M	21.77M	25.03M
Adjusted Basic & Diluted Earnings per Share	($0.19)	($0.14)	($0.07)	$0.00	$0.16	$0.01	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.66M	15.64M	15.41M	15.54M	15.53M	0.00	17.96M	18.87M	21.54M	21.77M	25.03M
Normalized Net Operating Profit after Tax (NOPAT)	-1.73	-1.29	-0.44	1.09	2.84	0.36	-0.24	-0.58	0.64	0.97	8.28
Normalized NOPAT Margin	-6.19%	-4.39%	-1.62%	5.97%	12.70%	1.54%	-0.54%	-2.12%	2.09%	1.78%	5.59%
Pre Tax Income Margin	-9.83%	-7.41%	-3.67%	4.23%	11.03%	0.71%	0.29%	-4.49%	-0.06%	0.25%	4.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.89	3.18
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.49	3.03
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.76	0.08
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.36	-0.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.86%	-0.10%	0.52%	0.25%	125.40%	220.25%	-15.19%	-183.56%	54.05%	75.05%

This table displays calculated financial ratios and metrics derived from TSS's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	76.08%	-24.94%	26.62%	126.40%	9.94%	122.97%	141.74%	-16.36%	689.05%	104.95%	522.70%
EBITDA Growth	152.01%	-1,570.00%	-986.79%	4.22%	-16.28%	235.37%	156.42%	70.84%	408.64%	272.74%	1,230.15%
EBIT Growth	282.02%	-615.84%	-284.39%	3.83%	-17.91%	200.28%	138.05%	74.36%	430.63%	280.14%	1,525.69%
NOPAT Growth	342.30%	-615.84%	-284.39%	1.32%	-25.03%	237.13%	132.61%	77.71%	487.13%	277.01%	2,565.64%
Net Income Growth	391.87%	-330.57%	-155.19%	-59.14%	-65.45%	129.45%	101.91%	345.08%	1,166.03%	469.35%	19,760.00%
EPS Growth	200.00%	0.00%	0.00%	-75.00%	-66.67%	0.00%	100.00%	500.00%	900.00%	300.00%	0.00%
Operating Cash Flow Growth	-35.41%	380.73%	-377.56%	497.53%	48.80%	-250.98%	119.53%	-124.68%	741.73%	-28.50%	679.93%
Free Cash Flow Firm Growth	-127.57%	233.25%	-206.24%	1,430.26%	2,063.91%	-164.34%	232.14%	-187.59%	-17.54%	126.14%	-52.74%
Invested Capital Growth	25.02%	-363.70%	50.41%	-527.23%	-349.39%	52.57%	-144.90%	85.26%	-51.47%	4.81%	9.10%
Revenue Q/Q Growth	25.79%	35.53%	-39.95%	121.13%	-38.91%	174.86%	-34.89%	-23.49%	476.26%	-28.61%	97.82%
EBITDA Q/Q Growth	-7.84%	-162.55%	2.04%	284.55%	-25.96%	1.14%	-59.17%	458.77%	120.43%	-25.88%	45.70%
EBIT Q/Q Growth	-7.24%	-183.01%	8.02%	246.62%	-26.67%	1.40%	-65.10%	571.94%	123.18%	-27.36%	49.24%
NOPAT Q/Q Growth	-7.72%	-159.16%	8.02%	301.77%	-31.71%	8.21%	-78.13%	999.50%	125.61%	-30.51%	54.65%
Net Income Q/Q Growth	-21.53%	-288.60%	31.11%	140.08%	-33.65%	60.77%	-95.54%	9,246.67%	88.73%	-27.70%	55.72%
EPS Q/Q Growth	-25.00%	0.00%	0.00%	125.00%	0.00%	100.00%	-100.00%	0.00%	66.67%	-20.00%	50.00%
Operating Cash Flow Q/Q Growth	169.92%	261.84%	-221.38%	229.46%	-73.83%	-467.14%	115.71%	-263.57%	992.49%	-156.05%	195.33%
Free Cash Flow Firm Q/Q Growth	-184.54%	1,360.41%	-137.27%	485.32%	8.49%	-141.29%	176.55%	-355.42%	202.14%	-86.91%	38.40%
Invested Capital Q/Q Growth	-66.88%	-206.42%	74.92%	-389.15%	-19.57%	67.66%	-29.49%	70.56%	-1,128.82%	79.68%	-23.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.23%	17.69%	25.65%	22.16%	31.87%	13.37%	17.08%	37.31%	11.26%	14.42%	9.31%
EBITDA Margin	11.64%	-5.37%	-8.76%	7.31%	8.86%	3.26%	2.05%	14.94%	5.71%	5.93%	4.37%
Operating Margin	10.78%	-6.60%	-10.12%	6.71%	8.05%	2.97%	1.59%	13.98%	5.41%	5.51%	4.16%
EBIT Margin	10.78%	-6.60%	-10.12%	6.71%	8.05%	2.97%	1.59%	13.98%	5.41%	5.51%	4.16%
Profit (Net Income) Margin	7.49%	-10.42%	-11.96%	2.17%	2.35%	1.38%	0.09%	11.53%	3.78%	3.82%	3.01%
Tax Burden Percent	98.21%	102.15%	101.16%	96.33%	89.70%	95.73%	60.00%	98.18%	99.25%	94.94%	98.38%
Interest Burden Percent	70.72%	154.50%	116.84%	33.54%	32.59%	48.41%	9.88%	84.00%	70.27%	73.11%	73.62%
Effective Tax Rate	1.79%	0.00%	0.00%	3.67%	10.30%	4.27%	40.00%	1.82%	0.75%	5.06%	1.62%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	25.57%	-2.84%	-25.72%	-35.59%	-40.10%	2.28%	29.43%	49.63%	81.87%	111.84%	137.01%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	16.20%	-7.98%	-13.61%	8.43%	9.49%	5.67%	3.97%	23.76%	11.86%	13.36%	13.70%
Return on Assets (ROA)	11.25%	-12.60%	-16.08%	2.72%	2.77%	2.63%	0.24%	19.59%	8.27%	9.27%	9.92%
Return on Common Equity (ROCE)	25.57%	-2.84%	-25.72%	-35.59%	-40.10%	2.28%	29.43%	49.63%	81.87%	111.84%	137.01%
Return on Equity Simple (ROE_SIMPLE)	20.56%	0.00%	-24.09%	-36.59%	-45.38%	0.00%	23.91%	38.07%	57.47%	0.00%	95.20%
Net Operating Profit after Tax (NOPAT)	0.86	-0.51	-0.47	0.94	0.64	0.69	0.15	1.67	3.77	2.62	4.05
NOPAT Margin	10.59%	-4.62%	-7.08%	6.46%	7.22%	2.84%	0.96%	13.73%	5.37%	5.23%	4.09%
Net Nonoperating Expense Percent (NNEP)	-2.56%	-4.82%	-3.66%	-4.09%	-2.26%	-2.22%	-1.30%	-1.64%	-2.98%	-5.24%	-6.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	19.56%	4.15%	-	-	17.06%	23.00%
Cost of Revenue to Revenue	65.77%	82.31%	74.35%	77.84%	68.13%	86.63%	82.92%	62.69%	88.74%	85.58%	90.69%
SG&A Expenses to Revenue	22.61%	23.07%	34.41%	14.85%	23.01%	10.11%	15.03%	22.36%	5.54%	8.49%	4.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.45%	24.30%	35.76%	15.46%	23.82%	10.40%	15.49%	23.32%	5.84%	8.91%	5.15%
Earnings before Interest and Taxes (EBIT)	0.87	-0.72	-0.67	0.98	0.72	0.73	0.25	1.70	3.79	2.76	4.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.94	-0.59	-0.58	1.06	0.79	0.80	0.33	1.82	4.00	2.97	4.32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.29	4.10	4.90	2.95	2.79	1.66	3.80	10.09	20.94	41.59	20.91
Price to Tangible Book Value (P/TBV)	4.19	5.67	7.50	4.11	3.73	2.12	4.82	11.89	23.32	46.69	22.81
Price to Revenue (P/Rev)	0.37	0.39	0.35	0.20	0.21	0.11	0.22	0.85	1.31	2.00	0.85
Price to Earnings (P/E)	16.00	0.00	0.00	0.00	0.00	79.44	15.87	26.51	36.43	46.64	21.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.25%	0.00%	0.00%	0.00%	0.00%	1.26%	6.30%	3.77%	2.74%	2.14%	4.75%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.09	0.00	0.14	0.00	0.00	0.00	0.00	0.71	0.93	1.90	0.77
Enterprise Value to EBITDA (EV/EBITDA)	1.67	0.00	5.79	0.00	0.00	0.00	0.00	11.73	16.40	30.29	13.33
Enterprise Value to EBIT (EV/EBIT)	2.11	0.00	10.75	0.00	0.00	0.00	0.00	12.88	17.59	32.40	14.12
Enterprise Value to NOPAT (EV/NOPAT)	2.29	0.00	15.36	0.00	0.00	0.00	0.00	13.37	17.87	34.02	14.65
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.66	18.42	5.33
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.82	35.74	15.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.15	0.87
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.15	0.87
Financial Leverage	-3.12	-5.13	-4.08	-5.39	-5.47	-4.97	-3.54	-4.11	-6.99	-2.51	-2.57
Leverage Ratio	7.27	9.87	11.11	11.29	9.93	8.79	8.60	9.13	10.41	11.43	10.75
Compound Leverage Factor	5.14	15.24	12.98	3.79	3.24	4.26	0.85	7.67	7.32	8.36	7.92
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.46%	46.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.46%	46.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	46.54%	53.39%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.88	0.62
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.61	-1.44
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.88	0.62
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.68
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.81	-1.58
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.68
Altman Z-Score	-1.75	-1.80	-2.35	-1.04	-0.99	-1.21	-0.66	0.56	2.40	2.76	2.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.01	0.97	1.00	1.01	1.05	1.04	1.09	1.08	1.02	0.85
Quick Ratio	0.77	0.96	0.53	0.95	0.93	0.83	0.97	0.79	0.98	0.69	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.05	13	-4.92	19	21	-8.49	6.50	-17	17	2.22	3.07
Operating Cash Flow to CapEx	3,389.01%	3,454.80%	-7,321.62%	87,675.00%	13,111.43%	-99,105.88%	6,784.62%	-257.31%	85,837.78%	-322.30%	138.75%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	19.81	0.00	0.00	0.00	2.09
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	8.07	0.00	0.00	0.00	14.06
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	7.95	0.00	0.00	0.00	3.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.50	1.21	1.35	1.26	1.18	1.91	2.49	1.70	2.19	2.43	3.30
Accounts Receivable Turnover	16.61	13.35	18.04	6.57	8.75	17.35	17.23	6.97	17.18	15.02	29.58
Inventory Turnover	9.51	25.34	6.07	40.86	16.16	27.08	12.68	15.48	29.27	12.57	19.05
Fixed Asset Turnover	98.21	70.59	70.29	84.94	84.32	89.55	96.10	42.58	90.13	32.14	19.35
Accounts Payable Turnover	2.30	1.51	1.75	1.52	1.85	2.41	3.28	2.00	2.81	3.72	4.91
Days Sales Outstanding (DSO)	21.97	27.35	20.23	55.58	41.71	21.04	21.19	52.37	21.25	24.31	12.34
Days Inventory Outstanding (DIO)	38.39	14.40	60.12	8.93	22.59	13.48	28.79	23.58	12.47	29.04	19.16
Days Payable Outstanding (DPO)	158.58	241.28	208.04	239.48	197.75	151.30	111.33	182.51	130.02	98.22	74.41
Cash Conversion Cycle (CCC)	-98.21	-199.53	-127.69	-174.97	-133.44	-116.78	-61.36	-106.56	-96.30	-44.88	-42.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-5.70	-17	-4.38	-21	-26	-8.28	-11	-3.16	-39	-7.88	-9.75
Invested Capital Turnover	-5.15	-2.89	-4.85	-3.23	-2.62	-4.23	-8.44	-4.99	-3.80	-18.33	-22.59
Increase / (Decrease) in Invested Capital	1.90	-14	4.45	-18	-20	9.18	-6.35	18	-13	0.40	0.98
Enterprise Value (EV)	3.24	-8.38	4.54	-16	-20	-5.95	-0.49	44	114	282	177
Market Capitalization	13	12	11	8.11	8.63	5.88	14	52	160	297	196
Book Value per Share	$0.20	$0.14	$0.11	$0.13	$0.14	$0.16	$0.17	$0.23	$0.32	$0.32	$0.42
Tangible Book Value per Share	$0.16	$0.10	$0.07	$0.09	$0.11	$0.13	$0.13	$0.20	$0.29	$0.28	$0.38
Total Capital	3.91	2.93	2.29	2.75	3.09	3.55	3.66	5.15	7.65	15	18
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.20	8.20
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.20	8.20
Net Debt	-9.61	-20	-6.67	-24	-29	-12	-14	-8.31	-46	-15	-19
Capital Expenditures (CapEx)	0.09	0.32	0.19	0.02	0.04	0.02	0.04	1.68	0.05	6.72	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.34	-20	-7.17	-24	-28	-11	-14	-6.50	-42	-22	-38
Debt-free Net Working Capital (DFNWC)	1.27	0.25	-0.50	0.02	0.39	0.89	0.85	1.81	4.32	1.28	-11
Net Working Capital (NWC)	1.27	0.25	-0.50	0.02	0.39	0.89	0.85	1.81	4.32	1.28	-11
Net Nonoperating Expense (NNE)	0.25	0.63	0.32	0.62	0.43	0.36	0.14	0.27	1.12	0.70	1.07
Net Nonoperating Obligations (NNO)	-9.61	-20	-6.67	-24	-29	-12	-14	-8.31	-46	-15	-19
Total Depreciation and Amortization (D&A)	0.07	0.14	0.09	0.09	0.07	0.07	0.07	0.12	0.21	0.21	0.21
Debt-free, Cash-free Net Working Capital to Revenue	-24.33%	-65.77%	-22.38%	-60.18%	-69.15%	-20.11%	-21.24%	-10.60%	-34.38%	-14.81%	-16.64%
Debt-free Net Working Capital to Revenue	3.69%	0.81%	-1.56%	0.05%	0.96%	1.64%	1.33%	2.95%	3.53%	0.86%	-4.81%
Net Working Capital to Revenue	3.69%	0.81%	-1.56%	0.05%	0.96%	1.64%	1.33%	2.95%	3.53%	0.86%	-4.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($0.05)	($0.04)	$0.01	$0.01	$0.02	$0.00	$0.06	$0.12	$0.09	$0.13
Adjusted Weighted Average Basic Shares Outstanding	21.34M	21.54M	21.54M	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M
Adjusted Diluted Earnings per Share	$0.03	$0.00	$0.00	$0.01	$0.01	$0.02	$0.00	$0.06	$0.10	$0.08	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	21.34M	21.54M	21.54M	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.34M	21.54M	21.54M	21.61M	21.61M	21.77M	22.03M	23.70M	22.47M	25.03M	25.02M
Normalized Net Operating Profit after Tax (NOPAT)	0.86	-0.51	-0.47	0.94	0.64	0.69	0.15	1.67	3.77	2.62	4.05
Normalized NOPAT Margin	10.59%	-4.62%	-7.08%	6.46%	7.22%	2.84%	0.96%	13.73%	5.37%	5.23%	4.09%
Pre Tax Income Margin	7.63%	-10.20%	-11.82%	2.25%	2.62%	1.44%	0.16%	11.74%	3.80%	4.03%	3.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.77	0.00	0.00	0.00	2.80
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.46	0.00	0.00	0.00	2.76
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.65	0.00	0.00	0.00	-7.33
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.34	0.00	0.00	0.00	-7.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	15.07%	-183.56%	-23.96%	-14.00%	-6.20%	54.05%	10.74%	7.49%	17.30%	75.05%	68.05%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven snapshot of TSS, Inc. (TSSI) across its quarterly statements over the last four years. The bullets highlight what appears to be meaningful trends in revenue, profitability, cash flow, and the balance sheet that may matter to retail investors.

Revenue rebound in early 2025: Q1 2025 revenue approached $99 million, a sharp increase from many prior quarters and signaling a rebound relative to recent, more modest levels.
Recent quarters show persistent profitability: Net income in the last four quarters sits in the low-to-mid millions (approx. $1.4M–$3.0M per quarter), after some weaker periods in 2022–2023, pointing to improving profitability cadence.
Strength in operating cash flow (Q1 2025): Operating cash flow was around $20.6 million in Q1 2025, a robust level that supports liquidity and potential future investments or debt relief.
Potential positive free cash flow signal (Q1 2025): Cash generation from operations appears to exceed capital expenditures in that quarter, suggesting a growing free cash flow cushion.
Liquidity headline in Q1 2025: Cash balances are strong (roughly $27 million reported) with a modest debt level (long-term debt around $8 million), indicating solid near-term liquidity coverage.
Seasonality and volatility in revenue: Revenue swings are evident across quarters and years (e.g., spikes in some quarters and troughs in others), which can complicate near-term guidance and forecasting.
Negative retained earnings and dilution tendencies: Retained earnings have been negative for multiple periods, and equity growth has relied on common stock issuances in some periods, creating potential for shareholder dilution over time.
Investing cash outflows are common: Investing activities frequently show cash outflows for PPE, contributing to ongoing negative investing cash flow in several quarters even as other lines improve.
Working capital and cash flow volatility remain a concern: Large swings in operating assets and liabilities have driven quarter-to-quarter cash flow variability, implying a less stable cash-generating profile in the near term.
Low debt with earnings risk still present: While debt levels are relatively modest, the company’s history of negative retained earnings and reliance on equity financing could pose longer-term equity dilution risk if profitability doesn’t continue to improve.

05/25/26 10:41 PM ETAI Generated. May Contain Errors.

TSS Financials - Frequently Asked Questions

According to the most recent income statement we have on file, TSS's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

TSS's net income appears to be on an upward trend, with a most recent value of $5.98 million in 2024, falling from -$2.80 million in 2014. The previous period was $74 thousand in 2023. View TSS's forecast to see where analysts expect TSS to go next.

TSS's total operating income in 2024 was $8.50 million, based on the following breakdown:

Total Gross Profit: $22.35 million
Total Operating Expenses: $13.85 million

Over the last 10 years, TSS's total revenue changed from $27.99 million in 2014 to $148.14 million in 2024, a change of 429.4%.

TSS's total liabilities were at $89.43 million at the end of 2024, a 305.6% increase from 2023, and a 844.5% increase since 2014.

In the past 10 years, TSS's cash and equivalents has ranged from $1.13 million in 2015 to $23.22 million in 2024, and is currently $23.22 million as of their latest financial filing in 2024.

Over the last 10 years, TSS's book value per share changed from 0.06 in 2014 to 0.32 in 2024, a change of 410.6%.

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Financial statements for NASDAQ:TSSI last updated on 6/26/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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TSS (TSSI) Financials

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TSS (TSSI) Financials

Annual Income Statements for TSS

Quarterly Income Statements for TSS

Annual Cash Flow Statements for TSS

Quarterly Cash Flow Statements for TSS

Annual Balance Sheets for TSS

Quarterly Balance Sheets for TSS

Annual Metrics And Ratios for TSS

Quarterly Metrics And Ratios for TSS

Financials Breakdown Chart

Key Financial Trends

TSS Financials - Frequently Asked Questions

When does TSS's fiscal year end?

How has TSS's net income changed over the last 10 years?

What is TSS's operating income?

How has TSS's revenue changed over the last 10 years?

How much debt does TSS have?

How much cash does TSS have?

How has TSS's book value per share changed over the last 10 years?

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