Financial Performance - TSS reported a record revenue of 0.24, up from breakeven in 2023[3] - Adjusted EBITDA for FY 2024 was 50.0 million, a 105% increase year-over-year, with procurement revenues up 95% to 22.4 million, up 103% due to growth across all service lines[4] - The company ended FY 2024 with a net income of 74,000 in 2023[4] Strategic Developments - TSS signed a multi-year agreement with its largest customer, enhancing its role in AI rack integration[3] - The company expects significant EBITDA growth in 2025, driven by contributions from a new facility expected to be operational by June 2025[6] Revenue Composition - Procurement services accounted for nearly 80% of revenues in 2024, characterized by higher revenue variability and lower margins[6] Asset Growth - TSS's total assets increased to 25.6 million in December 2023[17]
TSS Inc(TSSI) - 2024 Q4 - Annual Results