TSS, Inc. (TSSI) 10-Year Financial Performance & Capital Metrics

TSSI • • Industrial / General

TechnologyIT ServicesData Center & Cloud InfrastructureData Center Operators

AboutTSS, Inc. provides services for the planning, design, deployment, maintenance, and refurbishment of end-user and enterprise systems, including the mission-critical facilities in the United States. The company operates through two segments, Facilities and Systems Integration. It offers a single source solution for enabling technologies in data centers, operations centers, network facilities, server rooms, security operations centers, communications facilities, and the infrastructure systems. The company also provides technology consulting, design and engineering, project management, systems integration, systems installation, facilities management, and IT procurement and reseller services. It serves IT OEM equipment, technology, and service companies; private sector businesses; and government or commercial end users. The company was formerly known as Fortress International Group, Inc. and changed its name to TSS, Inc. in June 2013. TSS, Inc. was incorporated in 2004 and is headquartered in Round Rock, Texas.Show more

Revenue $148M +172.3%
EBITDA $9M +340.1%
Net Income $6M +7975.7%
EPS (Diluted) 0.24 +6958.8%
Gross Margin 15.09% -25.4%
EBITDA Margin 6.15% +61.6%
Operating Margin 5.74% +78.4%
Net Margin 4.03% +2866.1%
ROE 111.84% +4798.9%
ROIC 100.75%
Debt/Equity 4.58 +276.5%
Interest Coverage 3.11 +249.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 37.1%
✓Strong 5Y profit CAGR of 116.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 35.2%
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗High debt to equity ratio of 4.6x
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Shares diluted 12.2% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 33.1x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.13%

5Y35.21%

3Y75.49%

TTM91.66%

Profit (Net Income) CAGR

10Y-

5Y116.38%

3Y-

TTM10.89%

EPS CAGR

10Y-

5Y109.13%

3Y-

TTM13.82%

ROCE

10Y Avg-4723.73%

5Y Avg10.71%

3Y Avg24.42%

Latest36.32%

Peer Comparison

Data Center Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSSITSS, Inc.	276.05M	9.57	39.88	172.33%	2.08%	7.69%	2.47%	4.58
VNETVNET Group, Inc.	2.93B	11.12	16.85	11.41%	-5.97%	-7.48%		2.67
SAIHWSAIHEAT Limited	17.98K	0.03	-0.01	-18.2%	-106.19%	-37.75%		0.19
SAIHSAIHEAT Limited	11.53M	9.10	-2.63	-18.2%	-106.19%	-37.75%		0.19
GDSGDS Holdings Limited	7.88B	42.34	-9.29	3.67%	50.05%	20.93%		1.88
APLDApplied Digital Corporation	10.26B	36.71	-31.65	57.74%	-43.49%	-6.23%		1.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	29.49M	27.37M	18.32M	22.34M	32.78M	45.06M	27.41M	30.64M	54.4M	148.14M
Revenue Growth %	0.05%	-0.07%	-0.33%	0.22%	0.47%	0.37%	-0.39%	0.12%	0.78%	1.72%
Cost of Goods Sold+	21.12M	20.16M	10.59M	13.85M	26.19M	38.26M	21.05M	21.66M	43.4M	125.79M
COGS % of Revenue	0.72%	0.74%	0.58%	0.62%	0.8%	0.85%	0.77%	0.71%	0.8%	0.85%
Gross Profit+	8.37M	7.21M	7.72M	8.48M	6.59M	6.8M	6.36M	8.98M	11M	22.35M
Gross Margin %	0.28%	0.26%	0.42%	0.38%	0.2%	0.15%	0.23%	0.29%	0.2%	0.15%
Gross Profit Growth %	-0.02%	-0.14%	0.07%	0.1%	-0.22%	0.03%	-0.06%	0.41%	0.23%	1.03%
Operating Expenses+	10.22M	8.75M	6.94M	6.76M	6.11M	7.2M	7.19M	8.07M	9.25M	13.85M
OpEx % of Revenue	0.35%	0.32%	0.38%	0.3%	0.19%	0.16%	0.26%	0.26%	0.17%	0.09%
Selling, General & Admin	9.65M	8.15M	6.46M	6.37M	5.74M	6.67M	6.66M	7.68M	8.93M	13.24M
SG&A % of Revenue	0.33%	0.3%	0.35%	0.29%	0.18%	0.15%	0.24%	0.25%	0.16%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	566K	602K	481K	385K	370K	529K	536K	383K	320K	608K
Operating Income+	-1.85M	-633K	1.11M	2.87M	480K	-400K	-831K	914K	1.75M	8.5M
Operating Margin %	-0.06%	-0.02%	0.06%	0.13%	0.01%	-0.01%	-0.03%	0.03%	0.03%	0.06%
Operating Income Growth %	0.25%	0.66%	2.75%	1.59%	-0.83%	-1.83%	-1.08%	2.1%	0.91%	3.86%
EBITDA+	-1.28M	-31K	1.59M	3.25M	850K	129K	-295K	1.3M	2.07M	9.11M
EBITDA Margin %	-0.04%	-0%	0.09%	0.15%	0.03%	0%	-0.01%	0.04%	0.04%	0.06%
EBITDA Growth %	0.38%	0.98%	52.19%	1.05%	-0.74%	-0.85%	-3.29%	5.4%	0.6%	3.4%
D&A (Non-Cash Add-back)	566K	602K	481K	385K	370K	529K	536K	383K	320K	608K
EBIT	-1.85M	-639K	1.1M	2.87M	480K	496K	-802K	914K	1.75M	8.87M
Net Interest Income+	-344K	-365K	-328K	-403K	-313K	-367K	-430K	-931K	-1.62M	-2.17M
Interest Income	0	0	0	0	0	0	0	0	355K	562K
Interest Expense	344K	365K	328K	403K	313K	367K	430K	931K	1.97M	2.74M
Other Income/Expense	-335K	-371K	-331K	-403K	-313K	529K	-401K	-931K	-1.62M	-2.37M
Pretax Income+	-2.18M	-1M	775K	2.46M	167K	129K	-1.23M	-17K	134K	6.13M
Pretax Margin %	-0.07%	-0.04%	0.04%	0.11%	0.01%	0%	-0.04%	-0%	0%	0.04%
Income Tax+	21K	19K	9K	26K	41K	50K	65K	56K	60K	158K
Effective Tax Rate %	1.01%	1.02%	0.99%	0.99%	0.75%	0.61%	1.05%	4.29%	0.55%	0.97%
Net Income+	-2.21M	-1.02M	766K	2.44M	126K	79K	-1.3M	-73K	74K	5.98M
Net Margin %	-0.07%	-0.04%	0.04%	0.11%	0%	0%	-0.05%	-0%	0%	0.04%
Net Income Growth %	0.21%	0.54%	1.75%	2.18%	-0.95%	-0.37%	-17.42%	0.94%	2.01%	79.76%
Net Income (Continuing)	-2.21M	-1.02M	766K	2.44M	126K	79K	-1.3M	-73K	74K	5.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.14	-0.07	0.05	0.13	0.01	0.00	-0.07	-0.00	0.00	0.24
EPS Growth %	0.26%	0.53%	1.75%	1.6%	-0.95%	-	-	0.95%	-	-
EPS (Basic)	-0.14	-0.07	0.05	0.13	0.01	0.00	-0.07	-0.00	0.00	0.27
Diluted Shares Outstanding	15.54M	15.4M	15.51M	18.75M	20.93M	20.99M	18.36M	20.06M	22.02M	24.7M
Basic Shares Outstanding	15.54M	15.4M	15.51M	18.75M	17.36M	17.82M	18.36M	20.06M	21.77M	22.08M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	9.51M	5.39M	3.73M	7.43M	14.19M	20.99M	11.81M	24.41M	19.31M	58.2M
Cash & Short-Term Investments	1.13M	2.15M	2.27M	6.18M	8.68M	19.01M	8M	20.4M	11.83M	23.22M
Cash Only	1.13M	2.15M	2.27M	6.18M	8.68M	19.01M	8M	20.4M	11.83M	23.22M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.08M	2.93M	1.21M	881K	4.05M	1.72M	2.42M	2.98M	4.84M	17.05M
Days Sales Outstanding	100.03	39.04	24.17	14.4	45.05	13.94	32.21	35.46	32.45	42.02
Inventory	66K	59K	134K	108K	1.35M	197K	847K	862K	2.34M	17.67M
Days Inventory Outstanding	1.14	1.07	4.62	2.85	18.86	1.88	14.69	14.53	19.71	51.28
Other Current Assets	235K	0	0	0	0	0	-8K	175K	302K	248K
Total Non-Current Assets+	3.51M	3.19M	3M	1.68M	3.38M	2.82M	7.47M	7M	6.29M	38.37M
Property, Plant & Equipment	702K	544K	418K	390K	2.19M	1.54M	5.85M	5.3M	4.69M	32.8M
Fixed Asset Turnover	42.00x	50.32x	43.82x	57.27x	14.99x	29.30x	4.69x	5.78x	11.60x	4.52x
Goodwill	1.91M	1.91M	1.91M	780K	780K	780K	780K	780K	780K	780K
Intangible Assets	841K	704K	561K	398K	307K	216K	126K	36K	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	63K	30K	112K	109K	109K	285K	720K	877K	817K	4.79M
Total Assets+	13.03M	8.58M	6.73M	9.11M	17.57M	23.81M	19.28M	31.41M	25.6M	96.57M
Asset Turnover	2.26x	3.19x	2.72x	2.45x	1.87x	1.89x	1.42x	0.98x	2.12x	1.53x
Asset Growth %	0.25%	-0.34%	-0.22%	0.35%	0.93%	0.36%	-0.19%	0.63%	-0.18%	2.77%
Total Current Liabilities+	12.54M	9.12M	5.33M	4.57M	11.6M	18.08M	12.12M	24.16M	18.42M	56.92M
Accounts Payable	5.47M	3.65M	1.41M	944K	7.89M	12.55M	5.47M	19.96M	12.41M	35.77M
Days Payables Outstanding	94.47	66.1	48.7	24.87	109.97	119.73	94.89	336.38	104.41	103.79
Short-Term Debt	2.44M	983K	0	0	0	0	2.02M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.95M	3.91M	861K	856K	0	0	0	0	0	0
Current Ratio	0.76x	0.59x	0.70x	1.63x	1.22x	1.16x	0.97x	1.01x	1.05x	1.02x
Quick Ratio	0.75x	0.58x	0.67x	1.60x	1.11x	1.15x	0.90x	0.97x	0.92x	0.71x
Cash Conversion Cycle	6.7	-25.99	-19.91	-7.63	-46.06	-103.91	-47.99	-286.4	-52.25	-10.49
Total Non-Current Liabilities+	1.09M	887K	1.7M	2.06M	3.1M	2.54M	4.96M	4.31M	3.63M	32.51M
Long-Term Debt	1.04M	825K	1.66M	1.84M	2.03M	2.23M	0	0	0	8.2M
Capital Lease Obligations	0	0	0	0	956K	208K	4.94M	4.31M	3.63M	23.54M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	37K	62K	41K	108K	0	0	0	0	0	0
Total Liabilities	13.63M	10.01M	7.03M	6.63M	14.7M	20.63M	17.08M	28.47M	22.05M	89.43M
Total Debt+	3.51M	1.81M	1.66M	1.84M	3.63M	3.19M	7.61M	4.78M	4.32M	32.71M
Net Debt	2.38M	-344K	-612K	-4.34M	-5.05M	-15.82M	-395K	-15.62M	-7.51M	9.48M
Debt / Equity	-	-	-	0.74x	1.26x	1.00x	3.45x	1.63x	1.22x	4.58x
Debt / EBITDA	-	-	1.04x	0.57x	4.27x	24.73x	-	3.68x	2.09x	3.59x
Net Debt / EBITDA	-	-	-0.39x	-1.33x	-5.94x	-122.65x	-	-12.04x	-3.63x	1.04x
Interest Coverage	-5.38x	-1.73x	3.37x	7.11x	1.53x	-1.09x	-1.93x	0.98x	0.89x	3.11x
Total Equity+	-600K	-1.43M	-305K	2.48M	2.87M	3.18M	2.2M	2.93M	3.55M	7.14M
Equity Growth %	-1.63%	-1.39%	0.79%	9.13%	0.16%	0.11%	-0.31%	0.33%	0.21%	1.01%
Book Value per Share	-0.04	-0.09	-0.02	0.13	0.14	0.15	0.12	0.15	0.16	0.29
Total Shareholders' Equity	-600K	-1.43M	-305K	2.48M	2.87M	3.18M	2.2M	2.93M	3.55M	7.14M
Common Stock	2K	2K	2K	2K	2K	2K	2K	2K	2K	3K
Retained Earnings	-67.4M	-68.42M	-67.66M	-65.22M	-65.09M	-65.02M	-66.31M	-66.39M	-66.31M	-60.34M
Treasury Stock	-1.53M	-1.53M	-1.54M	-1.54M	-1.7M	-1.87M	-2.07M	-2.21M	-2.25M	-6.73M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.55M	2.23M	-45K	1.9M	3.02M	10M	-10.45M	14.71M	-8.27M	15.3M
Operating CF Margin %	-0.05%	0.08%	-0%	0.09%	0.09%	0.22%	-0.38%	0.48%	-0.15%	0.1%
Operating CF Growth %	-3.5%	2.44%	-1.02%	43.22%	0.59%	2.32%	-2.05%	2.41%	-1.56%	2.85%
Net Income	-2.21M	-1.02M	766K	2.44M	126K	79K	-1.3M	-73K	74K	5.98M
Depreciation & Amortization	566K	602K	481K	385K	370K	529K	536K	383K	320K	608K
Stock-Based Compensation	499K	193K	68K	241K	358K	392K	469K	530K	581K	1.24M
Deferred Taxes	-510K	-1.11M	-287K	-1.14M	0	0	0	0	0	0
Other Non-Cash Items	562K	224K	47K	182K	190K	-684K	141K	22K	0	0
Working Capital Changes	-464K	3.34M	-1.12M	-205K	1.97M	9.68M	-10.3M	13.85M	-9.24M	7.48M
Change in Receivables	-2.63M	5.41M	1.45M	-478K	-3.14M	2.33M	-698K	-557K	-1.86M	-12.22M
Change in Inventory	88K	7K	-75K	26K	-1.25M	1.16M	-650K	-15K	-1.48M	-15.33M
Change in Payables	2.06M	-2.1M	-2.47M	369K	6.43M	0	0	0	0	0
Cash from Investing+	-411K	502K	102K	1.9M	-419K	-396K	-64K	-536K	-257K	-8.48M
Capital Expenditures	-411K	-290K	-212K	-242K	-594K	-396K	-64K	-536K	-257K	-8.48M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0%	0.02%	0%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	792K	314K	2.14M	0	0	0	0	0	0
Cash from Financing+	1.72M	-1.71M	59K	108K	-96K	733K	-504K	-1.77M	-40K	4.58M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	945K	0	0	0	0	15K	0	367K	0	863K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.96M	1.94M	-257K	1.66M	2.42M	9.6M	-10.52M	14.18M	-8.53M	6.81M
FCF Margin %	-0.07%	0.07%	-0.01%	0.07%	0.07%	0.21%	-0.38%	0.46%	-0.16%	0.05%
FCF Growth %	-18.07%	1.99%	-1.13%	7.45%	0.46%	2.97%	-2.1%	2.35%	-1.6%	1.8%
FCF per Share	-0.13	0.13	-0.02	0.09	0.12	0.46	-0.57	0.71	-0.39	0.28
FCF Conversion (FCF/Net Income)	0.70x	-2.18x	-0.06x	0.78x	23.93x	126.54x	8.06x	-201.53x	-111.74x	2.56x
Interest Paid	276K	314K	273K	223K	231K	154K	154K	944K	1.96M	2.6M
Taxes Paid	78K	70K	43K	57K	71K	62K	62K	43K	47K	79K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1274.57%	-	-	223.99%	4.71%	2.61%	-48.16%	-2.84%	2.28%	111.84%
Return on Invested Capital (ROIC)	-85.6%	-47475%	-	-	-	-	-34.47%	-	-	100.75%
Gross Margin	28.38%	26.33%	42.18%	37.98%	20.11%	15.1%	23.21%	29.31%	20.22%	15.09%
Net Margin	-7.48%	-3.74%	4.18%	10.91%	0.38%	0.18%	-4.73%	-0.24%	0.14%	4.03%
Debt / Equity	-	-	-	0.74x	1.26x	1.00x	3.45x	1.63x	1.22x	4.58x
Interest Coverage	-5.38x	-1.73x	3.37x	7.11x	1.53x	-1.09x	-1.93x	0.98x	0.89x	3.11x
FCF Conversion	0.70x	-2.18x	-0.06x	0.78x	23.93x	126.54x	8.06x	-201.53x	-111.74x	2.56x
Revenue Growth	5.37%	-7.17%	-33.09%	21.94%	46.76%	37.47%	-39.17%	11.77%	77.56%	172.33%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Procurement	-	-	-	-	-	-	-	-	-	109.7M
Procurement Growth	-	-	-	-	-	-	-	-	-	-
System Integration	-	-	-	-	-	-	-	-	-	13.02M
System Integration Growth	-	-	-	-	-	-	-	-	-	-
Facilities	-	-	12.25M	-	-	-	-	-	-	3.08M
Facilities Growth	-	-	-	-	-	-	-	-	-	-
Maintenance	-	-	-	-	2.1M	1.55M	1.5M	-	2.4M	-
Maintenance Growth	-	-	-	-	-	-26.09%	-3.67%	-	-	-
Integration Services	-	-	-	-	-	2.41M	937K	293K	966K	-
Integration Services Growth	-	-	-	-	-	-	-61.07%	-68.73%	229.69%	-
Service, Other	-	-	-	-	114K	-	22K	-	-	-
Service, Other Growth	-	-	-	-	-	-	-	-	-	-
Maintenance Contracts	-	-	-	2.18M	-	-	-	-	-	-
Maintenance Contracts Growth	-	-	-	-	-	-	-	-	-	-
All Other Services	-	-	-	112K	-	-	-	-	-	-
All Other Services Growth	-	-	-	-	-	-	-	-	-	-
System Integration Services	-	-	6.06M	-	-	-	-	-	-	-
System Integration Services Growth	-	-	-	-	-	-	-	-	-	-
Facilities Construction And Maintenance	23.98M	21.75M	-	-	-	-	-	-	-	-
Facilities Construction And Maintenance Growth	-	-9.28%	-	-	-	-	-	-	-	-
System Integration Services	5.51M	5.62M	-	-	-	-	-	-	-	-
System Integration Services Growth	-	2.00%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

TSS, Inc. (TSSI) has a price-to-earnings (P/E) ratio of 39.9x. This suggests investors expect higher future growth.

Growth & Financials

TSS, Inc. (TSSI) reported $234.8M in revenue for fiscal year 2024. This represents a 537% increase from $36.9M in 2011.

TSS, Inc. (TSSI) grew revenue by 172.3% over the past year. This is strong growth.

Yes, TSS, Inc. (TSSI) is profitable, generating $4.9M in net income for fiscal year 2024 (4.0% net margin).

Dividend & Returns

TSS, Inc. (TSSI) has a return on equity (ROE) of 111.8%. This is excellent, indicating efficient use of shareholder capital.

TSS, Inc. (TSSI) had negative free cash flow of $42.0M in fiscal year 2024, likely due to heavy capital investments.

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TSS, Inc. (TSSI) 10-Year Financial Performance & Capital Metrics

TSSI • • Industrial / General

TechnologyIT ServicesData Center & Cloud InfrastructureData Center Operators

Revenue $148M +172.3%
EBITDA $9M +340.1%
Net Income $6M +7975.7%
EPS (Diluted) 0.24 +6958.8%
Gross Margin 15.09% -25.4%
EBITDA Margin 6.15% +61.6%
Operating Margin 5.74% +78.4%
Net Margin 4.03% +2866.1%
ROE 111.84% +4798.9%
ROIC 100.75%
Debt/Equity 4.58 +276.5%
Interest Coverage 3.11 +249.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 37.1%
✓Strong 5Y profit CAGR of 116.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 35.2%
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗High debt to equity ratio of 4.6x
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Shares diluted 12.2% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 33.1x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.13%

5Y35.21%

3Y75.49%

TTM91.66%

Profit (Net Income) CAGR

10Y-

5Y116.38%

3Y-

TTM10.89%

EPS CAGR

10Y-

5Y109.13%

3Y-

TTM13.82%

ROCE

10Y Avg-4723.73%

5Y Avg10.71%

3Y Avg24.42%

Latest36.32%

Peer Comparison

Data Center Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSSITSS, Inc.	276.05M	9.57	39.88	172.33%	2.08%	7.69%	2.47%	4.58
VNETVNET Group, Inc.	2.93B	11.12	16.85	11.41%	-5.97%	-7.48%		2.67
SAIHWSAIHEAT Limited	17.98K	0.03	-0.01	-18.2%	-106.19%	-37.75%		0.19
SAIHSAIHEAT Limited	11.53M	9.10	-2.63	-18.2%	-106.19%	-37.75%		0.19
GDSGDS Holdings Limited	7.88B	42.34	-9.29	3.67%	50.05%	20.93%		1.88
APLDApplied Digital Corporation	10.26B	36.71	-31.65	57.74%	-43.49%	-6.23%		1.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	29.49M	27.37M	18.32M	22.34M	32.78M	45.06M	27.41M	30.64M	54.4M	148.14M
Revenue Growth %	0.05%	-0.07%	-0.33%	0.22%	0.47%	0.37%	-0.39%	0.12%	0.78%	1.72%
Cost of Goods Sold+	21.12M	20.16M	10.59M	13.85M	26.19M	38.26M	21.05M	21.66M	43.4M	125.79M
COGS % of Revenue	0.72%	0.74%	0.58%	0.62%	0.8%	0.85%	0.77%	0.71%	0.8%	0.85%
Gross Profit+	8.37M	7.21M	7.72M	8.48M	6.59M	6.8M	6.36M	8.98M	11M	22.35M
Gross Margin %	0.28%	0.26%	0.42%	0.38%	0.2%	0.15%	0.23%	0.29%	0.2%	0.15%
Gross Profit Growth %	-0.02%	-0.14%	0.07%	0.1%	-0.22%	0.03%	-0.06%	0.41%	0.23%	1.03%
Operating Expenses+	10.22M	8.75M	6.94M	6.76M	6.11M	7.2M	7.19M	8.07M	9.25M	13.85M
OpEx % of Revenue	0.35%	0.32%	0.38%	0.3%	0.19%	0.16%	0.26%	0.26%	0.17%	0.09%
Selling, General & Admin	9.65M	8.15M	6.46M	6.37M	5.74M	6.67M	6.66M	7.68M	8.93M	13.24M
SG&A % of Revenue	0.33%	0.3%	0.35%	0.29%	0.18%	0.15%	0.24%	0.25%	0.16%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	566K	602K	481K	385K	370K	529K	536K	383K	320K	608K
Operating Income+	-1.85M	-633K	1.11M	2.87M	480K	-400K	-831K	914K	1.75M	8.5M
Operating Margin %	-0.06%	-0.02%	0.06%	0.13%	0.01%	-0.01%	-0.03%	0.03%	0.03%	0.06%
Operating Income Growth %	0.25%	0.66%	2.75%	1.59%	-0.83%	-1.83%	-1.08%	2.1%	0.91%	3.86%
EBITDA+	-1.28M	-31K	1.59M	3.25M	850K	129K	-295K	1.3M	2.07M	9.11M
EBITDA Margin %	-0.04%	-0%	0.09%	0.15%	0.03%	0%	-0.01%	0.04%	0.04%	0.06%
EBITDA Growth %	0.38%	0.98%	52.19%	1.05%	-0.74%	-0.85%	-3.29%	5.4%	0.6%	3.4%
D&A (Non-Cash Add-back)	566K	602K	481K	385K	370K	529K	536K	383K	320K	608K
EBIT	-1.85M	-639K	1.1M	2.87M	480K	496K	-802K	914K	1.75M	8.87M
Net Interest Income+	-344K	-365K	-328K	-403K	-313K	-367K	-430K	-931K	-1.62M	-2.17M
Interest Income	0	0	0	0	0	0	0	0	355K	562K
Interest Expense	344K	365K	328K	403K	313K	367K	430K	931K	1.97M	2.74M
Other Income/Expense	-335K	-371K	-331K	-403K	-313K	529K	-401K	-931K	-1.62M	-2.37M
Pretax Income+	-2.18M	-1M	775K	2.46M	167K	129K	-1.23M	-17K	134K	6.13M
Pretax Margin %	-0.07%	-0.04%	0.04%	0.11%	0.01%	0%	-0.04%	-0%	0%	0.04%
Income Tax+	21K	19K	9K	26K	41K	50K	65K	56K	60K	158K
Effective Tax Rate %	1.01%	1.02%	0.99%	0.99%	0.75%	0.61%	1.05%	4.29%	0.55%	0.97%
Net Income+	-2.21M	-1.02M	766K	2.44M	126K	79K	-1.3M	-73K	74K	5.98M
Net Margin %	-0.07%	-0.04%	0.04%	0.11%	0%	0%	-0.05%	-0%	0%	0.04%
Net Income Growth %	0.21%	0.54%	1.75%	2.18%	-0.95%	-0.37%	-17.42%	0.94%	2.01%	79.76%
Net Income (Continuing)	-2.21M	-1.02M	766K	2.44M	126K	79K	-1.3M	-73K	74K	5.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.14	-0.07	0.05	0.13	0.01	0.00	-0.07	-0.00	0.00	0.24
EPS Growth %	0.26%	0.53%	1.75%	1.6%	-0.95%	-	-	0.95%	-	-
EPS (Basic)	-0.14	-0.07	0.05	0.13	0.01	0.00	-0.07	-0.00	0.00	0.27
Diluted Shares Outstanding	15.54M	15.4M	15.51M	18.75M	20.93M	20.99M	18.36M	20.06M	22.02M	24.7M
Basic Shares Outstanding	15.54M	15.4M	15.51M	18.75M	17.36M	17.82M	18.36M	20.06M	21.77M	22.08M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	9.51M	5.39M	3.73M	7.43M	14.19M	20.99M	11.81M	24.41M	19.31M	58.2M
Cash & Short-Term Investments	1.13M	2.15M	2.27M	6.18M	8.68M	19.01M	8M	20.4M	11.83M	23.22M
Cash Only	1.13M	2.15M	2.27M	6.18M	8.68M	19.01M	8M	20.4M	11.83M	23.22M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.08M	2.93M	1.21M	881K	4.05M	1.72M	2.42M	2.98M	4.84M	17.05M
Days Sales Outstanding	100.03	39.04	24.17	14.4	45.05	13.94	32.21	35.46	32.45	42.02
Inventory	66K	59K	134K	108K	1.35M	197K	847K	862K	2.34M	17.67M
Days Inventory Outstanding	1.14	1.07	4.62	2.85	18.86	1.88	14.69	14.53	19.71	51.28
Other Current Assets	235K	0	0	0	0	0	-8K	175K	302K	248K
Total Non-Current Assets+	3.51M	3.19M	3M	1.68M	3.38M	2.82M	7.47M	7M	6.29M	38.37M
Property, Plant & Equipment	702K	544K	418K	390K	2.19M	1.54M	5.85M	5.3M	4.69M	32.8M
Fixed Asset Turnover	42.00x	50.32x	43.82x	57.27x	14.99x	29.30x	4.69x	5.78x	11.60x	4.52x
Goodwill	1.91M	1.91M	1.91M	780K	780K	780K	780K	780K	780K	780K
Intangible Assets	841K	704K	561K	398K	307K	216K	126K	36K	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	63K	30K	112K	109K	109K	285K	720K	877K	817K	4.79M
Total Assets+	13.03M	8.58M	6.73M	9.11M	17.57M	23.81M	19.28M	31.41M	25.6M	96.57M
Asset Turnover	2.26x	3.19x	2.72x	2.45x	1.87x	1.89x	1.42x	0.98x	2.12x	1.53x
Asset Growth %	0.25%	-0.34%	-0.22%	0.35%	0.93%	0.36%	-0.19%	0.63%	-0.18%	2.77%
Total Current Liabilities+	12.54M	9.12M	5.33M	4.57M	11.6M	18.08M	12.12M	24.16M	18.42M	56.92M
Accounts Payable	5.47M	3.65M	1.41M	944K	7.89M	12.55M	5.47M	19.96M	12.41M	35.77M
Days Payables Outstanding	94.47	66.1	48.7	24.87	109.97	119.73	94.89	336.38	104.41	103.79
Short-Term Debt	2.44M	983K	0	0	0	0	2.02M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.95M	3.91M	861K	856K	0	0	0	0	0	0
Current Ratio	0.76x	0.59x	0.70x	1.63x	1.22x	1.16x	0.97x	1.01x	1.05x	1.02x
Quick Ratio	0.75x	0.58x	0.67x	1.60x	1.11x	1.15x	0.90x	0.97x	0.92x	0.71x
Cash Conversion Cycle	6.7	-25.99	-19.91	-7.63	-46.06	-103.91	-47.99	-286.4	-52.25	-10.49
Total Non-Current Liabilities+	1.09M	887K	1.7M	2.06M	3.1M	2.54M	4.96M	4.31M	3.63M	32.51M
Long-Term Debt	1.04M	825K	1.66M	1.84M	2.03M	2.23M	0	0	0	8.2M
Capital Lease Obligations	0	0	0	0	956K	208K	4.94M	4.31M	3.63M	23.54M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	37K	62K	41K	108K	0	0	0	0	0	0
Total Liabilities	13.63M	10.01M	7.03M	6.63M	14.7M	20.63M	17.08M	28.47M	22.05M	89.43M
Total Debt+	3.51M	1.81M	1.66M	1.84M	3.63M	3.19M	7.61M	4.78M	4.32M	32.71M
Net Debt	2.38M	-344K	-612K	-4.34M	-5.05M	-15.82M	-395K	-15.62M	-7.51M	9.48M
Debt / Equity	-	-	-	0.74x	1.26x	1.00x	3.45x	1.63x	1.22x	4.58x
Debt / EBITDA	-	-	1.04x	0.57x	4.27x	24.73x	-	3.68x	2.09x	3.59x
Net Debt / EBITDA	-	-	-0.39x	-1.33x	-5.94x	-122.65x	-	-12.04x	-3.63x	1.04x
Interest Coverage	-5.38x	-1.73x	3.37x	7.11x	1.53x	-1.09x	-1.93x	0.98x	0.89x	3.11x
Total Equity+	-600K	-1.43M	-305K	2.48M	2.87M	3.18M	2.2M	2.93M	3.55M	7.14M
Equity Growth %	-1.63%	-1.39%	0.79%	9.13%	0.16%	0.11%	-0.31%	0.33%	0.21%	1.01%
Book Value per Share	-0.04	-0.09	-0.02	0.13	0.14	0.15	0.12	0.15	0.16	0.29
Total Shareholders' Equity	-600K	-1.43M	-305K	2.48M	2.87M	3.18M	2.2M	2.93M	3.55M	7.14M
Common Stock	2K	2K	2K	2K	2K	2K	2K	2K	2K	3K
Retained Earnings	-67.4M	-68.42M	-67.66M	-65.22M	-65.09M	-65.02M	-66.31M	-66.39M	-66.31M	-60.34M
Treasury Stock	-1.53M	-1.53M	-1.54M	-1.54M	-1.7M	-1.87M	-2.07M	-2.21M	-2.25M	-6.73M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.55M	2.23M	-45K	1.9M	3.02M	10M	-10.45M	14.71M	-8.27M	15.3M
Operating CF Margin %	-0.05%	0.08%	-0%	0.09%	0.09%	0.22%	-0.38%	0.48%	-0.15%	0.1%
Operating CF Growth %	-3.5%	2.44%	-1.02%	43.22%	0.59%	2.32%	-2.05%	2.41%	-1.56%	2.85%
Net Income	-2.21M	-1.02M	766K	2.44M	126K	79K	-1.3M	-73K	74K	5.98M
Depreciation & Amortization	566K	602K	481K	385K	370K	529K	536K	383K	320K	608K
Stock-Based Compensation	499K	193K	68K	241K	358K	392K	469K	530K	581K	1.24M
Deferred Taxes	-510K	-1.11M	-287K	-1.14M	0	0	0	0	0	0
Other Non-Cash Items	562K	224K	47K	182K	190K	-684K	141K	22K	0	0
Working Capital Changes	-464K	3.34M	-1.12M	-205K	1.97M	9.68M	-10.3M	13.85M	-9.24M	7.48M
Change in Receivables	-2.63M	5.41M	1.45M	-478K	-3.14M	2.33M	-698K	-557K	-1.86M	-12.22M
Change in Inventory	88K	7K	-75K	26K	-1.25M	1.16M	-650K	-15K	-1.48M	-15.33M
Change in Payables	2.06M	-2.1M	-2.47M	369K	6.43M	0	0	0	0	0
Cash from Investing+	-411K	502K	102K	1.9M	-419K	-396K	-64K	-536K	-257K	-8.48M
Capital Expenditures	-411K	-290K	-212K	-242K	-594K	-396K	-64K	-536K	-257K	-8.48M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0%	0.02%	0%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	792K	314K	2.14M	0	0	0	0	0	0
Cash from Financing+	1.72M	-1.71M	59K	108K	-96K	733K	-504K	-1.77M	-40K	4.58M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	945K	0	0	0	0	15K	0	367K	0	863K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.96M	1.94M	-257K	1.66M	2.42M	9.6M	-10.52M	14.18M	-8.53M	6.81M
FCF Margin %	-0.07%	0.07%	-0.01%	0.07%	0.07%	0.21%	-0.38%	0.46%	-0.16%	0.05%
FCF Growth %	-18.07%	1.99%	-1.13%	7.45%	0.46%	2.97%	-2.1%	2.35%	-1.6%	1.8%
FCF per Share	-0.13	0.13	-0.02	0.09	0.12	0.46	-0.57	0.71	-0.39	0.28
FCF Conversion (FCF/Net Income)	0.70x	-2.18x	-0.06x	0.78x	23.93x	126.54x	8.06x	-201.53x	-111.74x	2.56x
Interest Paid	276K	314K	273K	223K	231K	154K	154K	944K	1.96M	2.6M
Taxes Paid	78K	70K	43K	57K	71K	62K	62K	43K	47K	79K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1274.57%	-	-	223.99%	4.71%	2.61%	-48.16%	-2.84%	2.28%	111.84%
Return on Invested Capital (ROIC)	-85.6%	-47475%	-	-	-	-	-34.47%	-	-	100.75%
Gross Margin	28.38%	26.33%	42.18%	37.98%	20.11%	15.1%	23.21%	29.31%	20.22%	15.09%
Net Margin	-7.48%	-3.74%	4.18%	10.91%	0.38%	0.18%	-4.73%	-0.24%	0.14%	4.03%
Debt / Equity	-	-	-	0.74x	1.26x	1.00x	3.45x	1.63x	1.22x	4.58x
Interest Coverage	-5.38x	-1.73x	3.37x	7.11x	1.53x	-1.09x	-1.93x	0.98x	0.89x	3.11x
FCF Conversion	0.70x	-2.18x	-0.06x	0.78x	23.93x	126.54x	8.06x	-201.53x	-111.74x	2.56x
Revenue Growth	5.37%	-7.17%	-33.09%	21.94%	46.76%	37.47%	-39.17%	11.77%	77.56%	172.33%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Procurement	-	-	-	-	-	-	-	-	-	109.7M
Procurement Growth	-	-	-	-	-	-	-	-	-	-
System Integration	-	-	-	-	-	-	-	-	-	13.02M
System Integration Growth	-	-	-	-	-	-	-	-	-	-
Facilities	-	-	12.25M	-	-	-	-	-	-	3.08M
Facilities Growth	-	-	-	-	-	-	-	-	-	-
Maintenance	-	-	-	-	2.1M	1.55M	1.5M	-	2.4M	-
Maintenance Growth	-	-	-	-	-	-26.09%	-3.67%	-	-	-
Integration Services	-	-	-	-	-	2.41M	937K	293K	966K	-
Integration Services Growth	-	-	-	-	-	-	-61.07%	-68.73%	229.69%	-
Service, Other	-	-	-	-	114K	-	22K	-	-	-
Service, Other Growth	-	-	-	-	-	-	-	-	-	-
Maintenance Contracts	-	-	-	2.18M	-	-	-	-	-	-
Maintenance Contracts Growth	-	-	-	-	-	-	-	-	-	-
All Other Services	-	-	-	112K	-	-	-	-	-	-
All Other Services Growth	-	-	-	-	-	-	-	-	-	-
System Integration Services	-	-	6.06M	-	-	-	-	-	-	-
System Integration Services Growth	-	-	-	-	-	-	-	-	-	-
Facilities Construction And Maintenance	23.98M	21.75M	-	-	-	-	-	-	-	-
Facilities Construction And Maintenance Growth	-	-9.28%	-	-	-	-	-	-	-	-
System Integration Services	5.51M	5.62M	-	-	-	-	-	-	-	-
System Integration Services Growth	-	2.00%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

TSS, Inc. (TSSI) has a price-to-earnings (P/E) ratio of 39.9x. This suggests investors expect higher future growth.

Growth & Financials

TSS, Inc. (TSSI) reported $234.8M in revenue for fiscal year 2024. This represents a 537% increase from $36.9M in 2011.

TSS, Inc. (TSSI) grew revenue by 172.3% over the past year. This is strong growth.

Yes, TSS, Inc. (TSSI) is profitable, generating $4.9M in net income for fiscal year 2024 (4.0% net margin).

Dividend & Returns

TSS, Inc. (TSSI) has a return on equity (ROE) of 111.8%. This is excellent, indicating efficient use of shareholder capital.

TSS, Inc. (TSSI) had negative free cash flow of $42.0M in fiscal year 2024, likely due to heavy capital investments.