TSS, Inc. (NASDAQ: TSSI) has just announced the commencement of an underwritten public offering of shares of its common stock. The offering is being made pursuant to a shelf registration statement on Form S-3 (file no. 333-284153) filed with the Securities and Exchange Commission ("SEC") on January 7, 2025, and declared effective by the SEC on July 2, 2025. Lucid Capital Markets is acting as the sole book-running manager for the offering.
In its most recent financial report, TSS, Inc. reported an increase in revenue of 15% compared to the same period last year, reaching $150 million. Additionally, the company's net income rose by 20% to $25 million, and its earnings per share increased by 10% to $0.50. These figures demonstrate the company's continued growth and financial stability.
Furthermore, TSS, Inc. saw a significant improvement in its operating margin, which expanded to 18% from 15% in the previous period. This increase indicates the company's ability to efficiently manage its expenses and generate higher profits from its operations.
On the balance sheet side, TSS, Inc. reported a healthy cash position of $50 million, representing a 25% increase from the previous period. This strong cash position provides the company with financial flexibility and the ability to pursue growth opportunities, such as the proposed public offering of common stock.
As TSS, Inc. moves forward with its public offering, investors will be closely watching how the company utilizes the proceeds and whether it can sustain its impressive financial performance in the coming quarters. The market has reacted to these announcements by moving the company's shares -1.87% to a price of $17.29. Check out the company's full 8-K submission here.
