TSS Inc. Reports Q1 2025 Revenue Surge of 523% to $99.0 Million, Net Income Rises to $3.0 Million, EPS Climbs to $0.12

Reuters
16 May
TSS Inc. Reports Q1 2025 Revenue Surge of 523% to $99.0 Million, Net Income Rises to $3.0 Million, EPS Climbs to $0.12

TSS Inc. has reported its first-quarter 2025 results, highlighting a significant 523% increase in revenue, which reached $99.0 million. Net income for the quarter rose to $3.0 million, a substantial improvement from $15,000 in the same period last year. The company's Procurement segment saw revenues jump 676% to $90.2 million, while Systems Integration revenues increased 253% to $7.5 million. However, Facilities Management revenues declined by 40% to $1.3 million. Gross profit experienced a 239% rise, totaling $9.2 million. TSS Inc. attributes this growth to strong performance in its Procurement and Systems Integration segments, including contributions from AI rack integration services. CEO Darryll Dewan emphasized the importance of the company's new facility, which began production on May 7 and is expected to be fully operational by June, allowing for significantly increased integration capacity. Looking forward, TSS anticipates further growth in AI rack integration services starting in the second quarter.

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