TSS, Inc. (TSSI) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,3977,99219,0128,6786,1782,268
Cash and cash equivalents20,3977,99219,0128,6786,1782,268
Receivables2,7451,8469153,865727990
Inventory, net of allowances, customer advances and progress billings8628471971,353108134
Inventory8628471971,353108134
Contract with customer, asset, after allowance for credit loss231573806181154
Costs in excess of billings223
Other undisclosed current assets17555058108266114
Total current assets:24,41011,80820,98814,1857,4333,729
Noncurrent Assets
Operating lease, right-of-use asset4,7175,5668761,481
Property, plant and equipment587281662705390418
Intangible assets, net (including goodwill)8159069971,0871,1782,468
Goodwill7807807807807801,907
Intangible assets, net (excluding goodwill) 35126217307398561
Other noncurrent assets877720285109109112
Total noncurrent assets:6,9967,4732,8203,3821,6772,998
TOTAL ASSETS:31,40619,28123,80817,5679,1106,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:21,6167,01613,3748,8512,3902,841
Employee-related liabilities270358464856567
Accounts payable19,9595,47212,5507,8909441,413
Accrued liabilities1,163703453473566847
Other undisclosed accounts payable and accrued liabilities49457113242414
Deferred revenue2,080   
Debt  2,023 645  
Billings in excess of cost2,494
Contract with customer, liability2,181
Other undisclosed current liabilities4673,0794,7102,104  
Total current liabilities:24,16312,11818,08411,6004,5715,335
Noncurrent Liabilities
Long-term debt and lease obligation  4,9382,4422,9841,8381,656
Long-term debt, excluding current maturities   2,2342,0281,8381,656
Liabilities, other than long-term debt4,309229911422041
Deferred revenue  2299114
Contract with customer, liability112
Other liabilities     10841
Operating lease, liability4,3094,938208956
Total noncurrent liabilities:4,3094,9602,5413,0982,0581,697
Total liabilities:28,47217,07820,62514,6986,6297,032
Equity
Equity, attributable to parent2,9342,2033,1832,8692,481(305)
Common stock222222
Treasury stock, value(2,205)(2,071)(1,874)(1,700)(1,542)(1,536)
Additional paid in capital71,52270,58470,07069,66169,24168,886
Accumulated deficit(66,385)(66,312)(65,015)(65,094)(65,220)(67,657)
Total equity:2,9342,2033,1832,8692,481(305)
TOTAL LIABILITIES AND EQUITY:31,40619,28123,80817,5679,1106,727

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues30,63727,41045,06232,77922,33518,316
Cost of revenue(21,657)(21,049)(38,259)(26,188) (500)
Cost of goods and services sold      (500)
Other undisclosed gross profit     (13,852)(10,091)
Gross profit:8,9806,3616,8036,5918,4837,725
Operating expenses(7,683)(6,656)(6,674)(5,741)(5,232)(6,440)
Other undisclosed operating loss(383)(536)(529)(370)(385)(179)
Operating income (loss):914(831)(400)4802,8661,106
Nonoperating income (expense) 3329896  (3)
Other nonoperating income (expense)   896  (3)
Interest and debt expense(964)(430)896(313)(403)(328)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (1,263)   
Income (loss) from continuing operations before income taxes:(17)(1,232)1291672,463775
Income tax expense(56)(65)(50)(41)(26)(9)
Income (loss) from continuing operations:(73)(1,297)791262,437766
Income (loss) before gain (loss) on sale of properties:(1,297)791262,437766
Net income (loss) available to common stockholders, diluted:(73)(1,297)791262,437766

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(73)(1,297)791262,437766
Comprehensive income (loss), net of tax, attributable to parent:(73)(1,297)791262,437766

Statements Sources

The financial statements are based on the Company's filings with 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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