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

Reuters

Nov 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.)

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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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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. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSSI","symbol_name":"TSS, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251113:nL1N3WP184:1","article_id":"2583512972","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583512972","pubTimestamp":1763069239,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"IT services firm TSS Q3 rev slumps on weakness in procurement revenuesOverviewTSS Q3 revenue falls 40% yr/yr, with a net loss of $1.5 mlnSystems Integration revenue grows 20%, offsetting declines in o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSSI":"TSS, Inc.","BK4137":"综合支持服务","BK4134":"信息科技咨询与其它服务"},"translate_title":"IT服务公司TSS第三季度收入因采购收入疲软而大幅下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSSI":0.9},"content_text":"IT services firm TSS Q3 rev slumps on weakness in procurement revenuesOverviewTSS Q3 revenue falls 40% yr/yr, with a net loss of $1.5 mlnSystems Integration revenue grows 20%, offsetting declines in other segmentsCompany updates 2025 EBITDA outlook to 50%-75% growth, expecting Q4 reboundOutlookTSS updates 2025 Adjusted EBITDA outlook to 50%-75% growth over 2024Company expects stronger Q4 results in Systems Integration and Facilities ManagementTSS anticipates growth trajectory to continue into 2026Result DriversLOWER RACK VOLUMES - Systems Integration business faced lower rack volumes due to unforeseen operational requirementsNEW FACTORY COSTS - Increased costs from new factory not yet matched by expected additional revenuesPROCUREMENT REVENUE DECLINE - Procurement revenues decreased, impacting overall revenue performanceKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Revenue$41.88 mlnQ3 EPS-$0.06Q3 Net Income-$1.50 mlnQ3 Gross Profit$4.64 mlnQ3 Operating Income-$931,000Q3 Pretax Profit-$1.45 mlnPress Release: ID:nACS0ZCmgaFor 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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}