TSS, Inc.
Q4 2020 Earnings Call Transcript

Published:

  • Operator:
    Welcome to the TSS Fourth Quarter and Fiscal 2020 Earnings Call. My name is Anna and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded. I will now turn the call over to John Penver, Mr. Penver, you may begin.
  • John Penver:
    Thank you, Anna. Good afternoon, everyone. Thank you for joining us on TSS's conference call to discuss our fourth quarter and our fiscal 2020 financial results. I'm John Penver, Chief Financial Officer of TSS, and joining me today on the call is Anthony Angelini, the President and Chief Executive Officer of TSS. As we begin the call, I would like to remind everyone to take note of the cautionary language regarding forward-looking statements contained in the press release that we issued today. That same language applies to comments and statements made on today's conference call. This call will contain time-sensitive information as well as forward-looking statements, which are only accurate as of today, March 29, 2021. TSS expressly disclaims any obligation to update, amend, supplement or otherwise review any information or forward-looking statements made on this conference call or the replay, to reflect events or circumstances that may arise after this date indicated, except as otherwise required by applicable law. For a list of the risk and uncertainties which may affect future performance, please refer to the Company's periodic filings with the Securities and Exchange Commission. In addition, we will be referring to non-GAAP financial measures, and a reconciliation of the differences between those measures with the most directly comparable financial measures calculated in accordance with GAAP is included in today's press release.
  • Anthony Angelini:
    Thank you, John. Thank you all for joining the call. As in the past, John has covered a lot of ground regarding our results. I'll focus on how we continue to drive further improvements. We believe our opportunities are there as digital transformation continues. While we're not a technology company per se, our services are directly aligned with deploying, delivering and maintaining technology infrastructure. And our internal capabilities leverage technology to enable us to deliver our services in an efficient manner. In looking at 2020, it was the year that hopefully, we'll never all see again. While we were fortunate to have weathered it and the many challenges it introduced, we believe that as things normalize towards what we call the new normal, we'll be in a great position to take advantage of the increasing requirements for data center and edge build-out. The world is going more digital and we're positioned to support the deployment and maintenance of that infrastructure. While nothing is ever perfect or linear, so as we look at our business, we continue to focus on evolving the company for changes towards delivering full end-to-end solutions, whether delivered by our internal staff or through partners we manage. We anticipate 2021 as being a year we can position the resources we have while continuing to explore inorganic opportunities that could accelerate our growth.
  • Operator:
    Thank you. We will now begin the question-and-answer session. And we have a question from Roger Nedro . Please go ahead.
  • Unidentified Analyst:
    Yes. Looks like a fairly decent report and certainly have some good things to look forward to this year. In regards to the PPP, as we get the $890,000-some-odd forgiven this year, didn't they do a second round of the PPP and if so, did you apply for it?
  • Anthony Angelini:
    John, you want to grab that one?
  • John Penver:
    Yes, I'll grab that. The government did introduce a second round of PPP loans in 2021; however, they excluded a company -- public companies from that program. So we're ineligible to participate in it -- in that program .
  • Unidentified Analyst:
    Okay, thanks.
  • John Penver:
    No problems.
  • Operator:
    And we have no further questions at this time. I will now turn the call over to Mr. Angelini for closing remarks.
  • Anthony Angelini:
    Okay, thank you. We appreciate everybody's attention to the company during the past year. Obviously, interesting year for everyone, but we continue to work on growing the business and appreciate all your support. Hopefully, we'll hear from both of you or from all of you in the next coming weeks as we report the first quarter. Thank you.
  • Operator:
    Thank you, ladies and gentlemen. This concludes today's conference. Thank you for participating. You may now disconnect.

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