Earnings Call Summary | TSS INC(TSSI.US) Q1 2024 Earnings Conference
Earnings Call Summary | TSS INC(TSSI.US) Q1 2024 Earnings Conference
The following is a summary of the TSS, Inc. (TSSI) Q1 2024 Earnings Call Transcript:
以下是TSS，Inc.（TSSI）2024年第一季度业绩会交流会议摘要：
Financial Performance:
金融业绩：
TSS, Inc. reported a significant increase in Q1 2024 overall revenue to $15.9 million, compared to $6.6 million in Q1 2023.
They noted a substantial rise in procurement revenues, reaching $11.6 million from $1.7 million in Q1 2023.
There was an improvement in gross profits, up by 61% or $1 million, compared to Q1 '23.
Operational income made a turn-around, from an operating loss of $665,000 in Q1 2023 to an operational income of $253,000 in Q1 2024.
A major achievement in net income was noted, from a net loss of $786,000 in Q1 2023 to a net gain of $15,000 in Q1 2024.
Adjusted EBITDA also saw a turnaround, from a loss of $436,000 in Q1 2023 to a positive $475,000 in Q1 2024.
TSS，Inc.报告2024年第一季度总收入大幅增长至1590万美元，相比2023年第一季度的660万美元。
他们指出，采购收入显著增长，从2023年第一季度的170万美元增至1160万美元。
与2023年第一季度相比，毛利润有所提高，增长了61％或100万美元。
运营收入实现了扭亏为盈，从2023年第一季度的65.5万美元亏损转为2024年第一季度的25.3万美元盈利。
净利润方面取得了重大进展，从2023年第一季度的净亏损78.6万美元，增长至2024年第一季度的净盈利1.5万美元。
调整后的EBITDA也出现了扭亏为盈，从2023年第一季度的43.6万美元亏损，转为2024年第一季度的正475万美元。
Business Progress:
业务进展：
Operational excellence has been a focus, with team expansion, business execution improvements, and partner relationship development contributing to revenue growth.
The company notes increased demand for their rack integration services, mainly driven by AI computing solutions.
To accommodate market demand shifts, TSS expanded production capacity in association with customers, offering fast response, flexibility, and high-quality integration-related services.
The launch of a new cybersecurity-in-a-box solution expands their product offering, providing top-grade cybersecurity solutions to customers.
TSS projects further financial improvement in 2024 and beyond, with operational enhancements and growth investments as key drivers. They plan to scale the integration business and multiply their rack integration capacity tenfold from the current volume.
团队扩张、业务执行改善和合作伙伴关系发展促进了收入增长，运营卓越始终是他们关注的焦点。
公司注意到他们的机架集成服务需求有所增长，主要驱动力是人工智能计算解决方案。
为迎合市场需求变化，TSS与客户一起扩大了生产能力，提供快速响应、灵活和高质量的集成相关服务。
推出新的一站式网络安全解决方案，扩展了他们的产品，为客户提供高端的网络安全解决方案。
TSS公司预计在2024年及以后进一步实现财务改善，操作修订和增长投资是关键驱动力，他们计划扩大整合业务，并将当前成交量增加至10倍。
More details: TSS INC IR
更多详情：TSS公司IR部门
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译文内容由第三方软件翻译。