Exceptional Year for TSS
TSS achieved organic revenue growth of 172% for the full year 2024, with diluted earnings per share increasing from breakeven in 2023 to $0.24.
Robust Growth in Procurement Services
The Procurement Services segment saw revenue growth of 205%, reaching $117.5 million compared to $36.5 million in 2023.
Expansion of Facilities and Capabilities
TSS signed a multiyear lease for a new 213,000 square foot facility, increasing operating space by over 100% to support AI-driven demand.
Record Q4 Financial Performance
Q4 revenue reached $50 million, a 105% increase year-over-year, with a 300% increase in diluted earnings per share to $0.08.
Strong Cash Flow and Profitability
For 2024, TSS generated positive cash flow from operations of over $15 million and improved net income to $6 million from $74,000 in 2023.