TSS, Inc. (TSSI) financial statements (2023 and earlier)

Company profile

Business Address 110 E. OLD SETTLERS ROAD
ROUND ROCK, TX 78664
State of Incorp. DE
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,99219,0128,6786,1782,2682,1521,132
Cash and cash equivalents7,99219,0128,6786,1782,2682,1521,132
Receivables1,8469153,8657279902,3896,997
Inventory, net of allowances, customer advances and progress billings8471971,3531081345966
Inventory8471971,3531081345966
Contract with customer, asset573806181154
Costs in excess of billings2235391,084
Other undisclosed current assets55058108266114252235
Total current assets:11,80820,98814,1857,4333,7295,3919,514
Noncurrent Assets
Operating lease, right-of-use asset5,5668761,481
Property, plant and equipment281662705390418544702
Intangible assets, net (including goodwill)9069971,0871,1782,4682,6112,748
Goodwill7807807807801,9071,9071,907
Intangible assets, net (excluding goodwill)126217307398561704841
Other noncurrent assets7202851091091123063
Total noncurrent assets:7,4732,8203,3821,6772,9983,1853,513
TOTAL ASSETS:19,28123,80817,5679,1106,7278,57613,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,01613,3748,8512,3902,8415,3197,608
Accounts payable5,47212,5507,8909441,413 264
Accrued liabilities7034534735668471,0531,560
Employee-related liabilities270358464856567576473
Other undisclosed accounts payable and accrued liabilities571132424143,6905,311
Debt2,023 645  246293
Billings in excess of cost2,4942,8182,476
Contract with customer, liability2,181
Other liabilities     737 
Other undisclosed current liabilities3,0794,7102,104   2,162
Total current liabilities:12,11818,08411,6004,5715,3359,12012,539
Noncurrent Liabilities
Long-term debt and lease obligation4,9382,4422,9841,8381,6568251,054
Long-term debt, excluding current maturities 2,2342,0281,8381,6568251,054
Operating lease, liability4,938208956
Liabilities, other than long-term debt2299114220416234
Deferred revenue2299114
Contract with customer, liability112
Other liabilities   108416234
Total noncurrent liabilities:4,9602,5413,0982,0581,6978871,088
Total liabilities:17,07820,62514,6986,6297,03210,00713,627
Stockholders' equity
Stockholders' equity attributable to parent2,2033,1832,8692,481(305)(1,431)(600)
Common stock2222222
Treasury stock, value(2,071)(1,874)(1,700)(1,542)(1,536)(1,532)(1,531)
Additional paid in capital70,58470,07069,66169,24168,88668,52268,329
Accumulated deficit(66,312)(65,015)(65,094)(65,220)(67,657)(68,423)(67,400)
Total stockholders' equity:2,2033,1832,8692,481(305)(1,431)(600)
TOTAL LIABILITIES AND EQUITY:19,28123,80817,5679,1106,7278,57613,027

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues27,41045,06232,77922,33518,31627,37329,487
Cost of revenue(21,049)(38,259)(26,188) (500)(200)(500)
Cost of goods and services sold    (500)(200)(500)
Other undisclosed gross profit   (13,852)(10,091)(19,965)(20,619)
Gross profit:6,3616,8036,5918,4837,7257,2088,368
Operating expenses(6,656)(6,674)(5,741)(5,232)(6,440)(7,239)(9,651)
Other undisclosed operating loss(536)(529)(370)(385)(179)(602)(566)
Operating income (loss):(831)(400)4802,8661,106(633)(1,849)
Nonoperating income (expense)29896  (3)(6)9
Other nonoperating income (expense) 896  (3)(6)9
Interest and debt expense(430)896(313)(403)(328)(365)(344)
Other undisclosed loss from continuing operations before equity method investments, income taxes (1,263)     
Income (loss) from continuing operations before income taxes:(1,232)1291672,463775(1,004)(2,184)
Income tax expense(65)(50)(41)(26)(9)(19)(21)
Net income (loss) available to common stockholders, diluted:(1,297)791262,437766(1,023)(2,205)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,297)791262,437766(1,023)(2,205)
Comprehensive income (loss), net of tax, attributable to parent:(1,297)791262,437766(1,023)(2,205)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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