$TSSI TSS, Inc. Reports Fourth Quarter And 2016 Re
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Posted On: 05/02/2017 11:08:57 AM
$TSSI TSS, Inc. Reports Fourth Quarter And 2016 Results
PR Newswire
ROUND ROCK, Texas, April 3, 2017
ROUND ROCK, Texas, April 3, 2017 /PRNewswire/ --
TSS, Inc. (Other OTC: TSSI), a data center and mission critical facilities and technology services company, reported results for its fourth quarter and fiscal year ended December 31, 2016.
Fiscal Year Highlights:
2016 revenue of $27.4 million compared with $29.5 million in 2015.
Gross profit margin of 26% in 2016 compared with 28% in 2015.
Reduced selling, general and administrative expenses by $1.5 million or 16% compared to 2015.
Reduced operating losses by $1.2 million or 66% compared to 2015.
Net loss of $1.0 million or $(0.07) per share, compared to net loss of $2.2 million or $(0.15) per share in 2015.
Adjusted EBITDA income of $0.2 million in 2016 compared to Adjusted EBITDA loss of $0.9 million in 2015.
"As we executed within key parts of our business and streamlined operations, we were able to achieve a profitable quarter. This momentum and focus on our integration and modular data center businesses, position us well for 2017," said Anthony Angelini, President and Chief Executive Officer of TSS.
"The overall market for data center lifecycle services continues to grow and our streamlined operations better position us to be responsive and participate in that growth. With the combination of reduced fixed costs and increased growth in our integration business, we expect to operate profitably throughout the year."
Full Story here: https://www.otcmarkets.com/stock/TSSI/news/TS...40&b=y
About the Company:
TSSI is one of the few vendors companies providing a single source for all phases of data center ownership, from design through construction, equipment deployment, operation, maintenance and decommissioning, we are uniquely placed positioned to capitalize on the continued growth in the data center market.
Many people have heard about data centers, but they don't give them much thought.
Data centers are facilities that are used to house computer systems and associated components, such as telecommunications and storage systems.
Just recently one of Amazon's major data centers had a black out for hours and it caused problems for thousands of websites!
Amazon Web Services (AWS) allows firms to rent cloud servers in order to host data on the internet without needing to invest in their own infrastructure.
To understand how important a data center is, Amazon's black out interrupted around 150,000 sites and services around the world, mostly in the U.S!
Many businesses rely on data centers today and they are built with power supply systems designed to never fail. This puts pressure on companies to pay close attention to their data centers.
This is also the market that TSSI could become a leader in!
TSSI focuses on the data center infrastructure and services market.
This market is becoming increasingly competitive dynamic as commerce moves to cloud-based solutions and as data storage requirements continue to escalate exponentially driven by video, mobility and big data requirements for many industries.
These underlying macroeconomic trends are driving demand for increasingly efficient data center design, construction and operation, resulting in increasing capital expenditures in this market.
TSSI's team has been helping clients for over 30 years! The company has had several large customers in winning contracts.
In fact, the company was recognized as 2015 Dell Global Enterprise Technology Services Partner of the year!
PR Newswire
ROUND ROCK, Texas, April 3, 2017
ROUND ROCK, Texas, April 3, 2017 /PRNewswire/ --
TSS, Inc. (Other OTC: TSSI), a data center and mission critical facilities and technology services company, reported results for its fourth quarter and fiscal year ended December 31, 2016.
Fiscal Year Highlights:
2016 revenue of $27.4 million compared with $29.5 million in 2015.
Gross profit margin of 26% in 2016 compared with 28% in 2015.
Reduced selling, general and administrative expenses by $1.5 million or 16% compared to 2015.
Reduced operating losses by $1.2 million or 66% compared to 2015.
Net loss of $1.0 million or $(0.07) per share, compared to net loss of $2.2 million or $(0.15) per share in 2015.
Adjusted EBITDA income of $0.2 million in 2016 compared to Adjusted EBITDA loss of $0.9 million in 2015.
"As we executed within key parts of our business and streamlined operations, we were able to achieve a profitable quarter. This momentum and focus on our integration and modular data center businesses, position us well for 2017," said Anthony Angelini, President and Chief Executive Officer of TSS.
"The overall market for data center lifecycle services continues to grow and our streamlined operations better position us to be responsive and participate in that growth. With the combination of reduced fixed costs and increased growth in our integration business, we expect to operate profitably throughout the year."
Full Story here: https://www.otcmarkets.com/stock/TSSI/news/TS...40&b=y
About the Company:
TSSI is one of the few vendors companies providing a single source for all phases of data center ownership, from design through construction, equipment deployment, operation, maintenance and decommissioning, we are uniquely placed positioned to capitalize on the continued growth in the data center market.
Many people have heard about data centers, but they don't give them much thought.
Data centers are facilities that are used to house computer systems and associated components, such as telecommunications and storage systems.
Just recently one of Amazon's major data centers had a black out for hours and it caused problems for thousands of websites!
Amazon Web Services (AWS) allows firms to rent cloud servers in order to host data on the internet without needing to invest in their own infrastructure.
To understand how important a data center is, Amazon's black out interrupted around 150,000 sites and services around the world, mostly in the U.S!
Many businesses rely on data centers today and they are built with power supply systems designed to never fail. This puts pressure on companies to pay close attention to their data centers.
This is also the market that TSSI could become a leader in!
TSSI focuses on the data center infrastructure and services market.
This market is becoming increasingly competitive dynamic as commerce moves to cloud-based solutions and as data storage requirements continue to escalate exponentially driven by video, mobility and big data requirements for many industries.
These underlying macroeconomic trends are driving demand for increasingly efficient data center design, construction and operation, resulting in increasing capital expenditures in this market.
TSSI's team has been helping clients for over 30 years! The company has had several large customers in winning contracts.
In fact, the company was recognized as 2015 Dell Global Enterprise Technology Services Partner of the year!
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