IT services firm TSS Q3 rev slumps on weakness in procurement revenues

Reuters

11/14

IT services firm TSS Q3 rev slumps on weakness in procurement revenues

Overview

TSS Q3 revenue falls 40% yr/yr, with a net loss of $1.5 mln
Systems Integration revenue grows 20%, offsetting declines in other segments
Company updates 2025 EBITDA outlook to 50%-75% growth, expecting Q4 rebound

Outlook

TSS updates 2025 Adjusted EBITDA outlook to 50%-75% growth over 2024
Company expects stronger Q4 results in Systems Integration and Facilities Management
TSS anticipates growth trajectory to continue into 2026

Result Drivers

LOWER RACK VOLUMES - Systems Integration business faced lower rack volumes due to unforeseen operational requirements
NEW FACTORY COSTS - Increased costs from new factory not yet matched by expected additional revenues
PROCUREMENT REVENUE DECLINE - Procurement revenues decreased, impacting overall revenue performance

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$41.88 mln
Q3 EPS		-$0.06
Q3 Net Income		-$1.50 mln
Q3 Gross Profit		$4.64 mln
Q3 Operating Income		-$931,000
Q3 Pretax Profit		-$1.45 mln

Press Release: ID:nACS0ZCmga

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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