TSS tumbles on 40% revenue decline and rising costs
TSS plunged 40% premarket after reporting a weak Q3, with revenue falling 40% to $41.9 million and gross profit dropping 41% due to cost pressures from new factory launch. The company posted a $1.5 million loss versus a profit last year and cited weaker demand and systems-integration challenges. Despite this, TSS raised its FY 2025 adjusted EBITDA outlook by 75%.