TSS Inc(US:TSSI)2025-11-13 21:17Revenue Performance - Year-to-date revenue reached $184.8 million, reflecting an 88% increase compared to the previous year[1] - Third quarter revenues totaled $41.9 million, down 40% year-over-year, with procurement revenues at $31.1 million, down 49%[3] - Procurement revenues for the year-to-date were $154.3 million, up 100% from the previous year[3] - Gross profit for the year-to-date was $21.0 million, representing a 39% increase year-over-year[3] Profitability Metrics - Adjusted EBITDA for the year-to-date was $10.7 million, up 59% compared to the same period in 2024[3] - The company reported a net loss of $1.5 million in Q3 2025, compared to a net income of $2.6 million in Q3 2024[3] - The company expects a strong rebound in quarterly EBITDA in Q4 2025, with updated full-year Adjusted EBITDA growth guidance of 50% to 75% compared to 2024[5] Revenue Segmentation - Systems Integration revenues increased by 20% to $9.2 million in Q3 2025, while Facilities Management revenues decreased by 19% to $1.6 million[3] Asset Management - Total current assets increased to $100.3 million as of September 30, 2025, compared to $58.2 million at the end of 2024[13] Operational Improvements - The company has implemented new procedures to increase rack volumes in Q4 2025 after lower-than-expected integration volumes in Q3[2]