TSS, INC. (OTCMKTS:TSSI) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
|
Results of Operations and Financial Condition. |
On Monday, May 15, 2017, TSS, Inc. (the Company) issued a press
release reporting certain financial results of the Company for
the three months ended March 30, 2017. A copy of the press
release is being furnished herewith as Exhibit 99.1.
The Companys press release contains non-GAAP financial measures.
to the requirements of Regulation G, the Company has provided
reconciliations within the press release of the non-GAAP
financial measures to the most directly comparable GAAP financial
measures. Disclosure regarding definitions of these measures used
by the Company and why the Companys management believes the
measures provide useful information to investors is also included
in the press release.
The Company will conduct a conference call to discuss its
financial results on Monday, May 15, 2017, at 4:30 p.m., Eastern
Daylight Time.
The information in this Report, including Exhibit 99.1 attached
hereto, is furnished to Item 2.02 of this Current Report on Form
8-K. Such information shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, nor shall it
be deemed incorporated by reference into any filing under the
Securities Act of 1933, except as shall be expressly set forth by
specific reference in such filing.
Statements contained in this report contain forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. In this context, forward-looking
statements may address matters such as our expected future
business and financial performance, and often contain words such
as guidance, prospects, expects, anticipates, intends, plans,
believes, seeks, should, or will. Forward-looking statements by
their nature address matters that are, to different degrees,
uncertain. Particular uncertainties that could adversely or
positively affect the Companys future results include: the
Companys independent registered public accounting firms reports
on the Companys 2015 and 2016 financial statements contain an
explanatory paragraph that expresses substantial doubt about the
Companys ability to continue as a going concern; the Company may
not have sufficient resources to fund its business and may need
to issue debt or equity to obtain additional funding; the
Companys reliance on a significant portion of its revenues from a
limited number of customers; risks relating to operating in a
highly competitive industry; risks relating to the failure to
maintain effective internal control over financial reporting;
risks relating to rapid technological, structural, and
competitive changes affecting the industries the Company serves;
risks involved in properly managing complex projects; risks
relating to the possible cancellation of customer contracts on
short notice; risks relating to the Companys ability to continue
to implement its strategy, including having sufficient financial
resources to carry out that strategy; risks relating to the
Companys ability to meet all of the terms and conditions of its
debt obligations; uncertainty related to current economic
conditions and the related impact on demand for the Companys
services; and other risks and uncertainties disclosed in the
Companys filings with the Securities and Exchange Commission,
including the Annual Report on Form 10-K for the fiscal year
ended December 31, 2016. These uncertainties may cause the
Companys actual future results to be materially different than
those expressed in the Companys forward-looking statements. The
Company does not undertake to update its forward-looking
statements.
| Item 9.01. | Financial Statements and Exhibits. |
| 99.1 | Press Release, dated May 15, 2017. |
S I G N A T U R E S
About TSS, INC. (OTCMKTS:TSSI)
TSS, Inc. is a holding company. The Company provides various services for the planning, design, development and maintenance of mission-critical facilities and information infrastructure, as well as integration services. The Company operates through two segments: facilities and systems integration. Its facilities segment is involved in the design, project management and maintenance of data center and mission-critical business operations. Its systems integration unit integrates information technology (IT) equipment for original equipment manufacturer (OEM) vendors and customers to be used inside data center environments, including modular data centers. The Company’s services include technology consulting, design and engineering, project management, systems integration, system installations and facilities management. Its subsidiaries include VTC, LLC doing business as Total Site Solutions and Innovative Power Systems, Inc. TSS, INC. (OTCMKTS:TSSI) Recent Trading Information
TSS, INC. (OTCMKTS:TSSI) closed its last trading session down -0.015 at 0.215 with 62,591 shares trading hands.