Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -1.3 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -1.3 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 1 filing risk check flagged
Flagged areas: Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +65.9% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $2M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Procurement Revenues Segment$197M80.4%+68.0% yoy
- System Integration Services Segment$40.3M16.4%+78.3% yoy
- Facilities Segment$7.91M3.2%-1.2% yoy
Members sum to the consolidated $246M for this period.
- Procurement Revenues Segment$40M72.2%-55.7% yoy
- System Integration Services Segment$14.1M25.4%+88.1% yoy
- Facilities Segment$1.29M2.3%-0.6% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 322 in Industrials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $246M | 36thof 3,301 middle third | 24thof 305 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 65.9% | 93rdof 3,135 top third | 94thof 294 top third |
Gross margin gross profit ÷ revenue | 13.2% | 12thof 1,603 bottom third | 24thof 167 bottom third |
Operating margin operating income ÷ revenue | 2.6% | 49thof 2,819 middle third | 42ndof 280 middle third |
Net margin net income ÷ revenue | 6.2% | 62ndof 3,263 middle third | 67thof 299 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 0.9% | 37thof 2,679 middle third | 36thof 276 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 19.7% | 86thof 3,577 top third | 81stof 281 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.6% | 56thof 2,895 middle third | 33rdof 266 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 19 days | 83rdof 2,398 top third | 84thof 238 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -2.0× | 94thof 1,547 top third | 98thof 149 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 2.3× | 73rdof 2,183 top third | 72ndof 200 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -14.0% | 82ndof 3,577 top third | 87thof 282 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -944.7% | 100thof 3,059 top third | 99thof 223 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 21 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2021-12-31 | $0.4 10-K 2022-03-30 | $400K 10-K 2023-03-31 | +99999900.0% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | $1.75M 10-K 2024-03-29 | -$221K 10-K 2026-03-18 | -112.6% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2020-12-31 | $400K 10-K 2021-03-29 | $0.4 10-K 2022-03-30 | -100.0% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2022-12-31 | $200K 10-K 2023-03-31 | $400K 10-K 2024-03-29 | +100.0% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2025-06-30 | $844K 10-Q 2025-08-11 | $226K 10-Q/A 2026-08-14 | -73.2% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2023-12-31 | $200K 10-K 2024-03-29 | $320K 10-K 2026-03-18 | +60.0% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-09-30 | $46K 10-Q 2022-11-14 | $68K 10-Q 2023-11-13 | +47.8% | first · latest |
| Interest expense InterestExpense | quarter 2024-03-31 | $228K 10-Q 2024-05-14 | $328K 10-Q 2025-05-15 | +43.9% | first · latest |
| Interest expense InterestExpense | quarter 2024-06-30 | $272K 10-Q 2024-08-14 | $378K 10-Q 2025-08-11 | +39.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-06-30 | $2.24M 10-Q 2025-08-11 | $1.38M 10-Q/A 2026-08-14 | -38.4% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | $4.11M 10-Q 2025-05-15 | $2.65M 10-Q 2026-05-07 | -35.7% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-06-30 | $70K 10-Q 2022-08-15 | $47K 10-Q 2023-08-14 | -32.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | $8.5M 10-K 2025-04-15 | $5.77M 10-K 2026-03-18 | -32.2% | first · latest |
| Interest expense InterestExpense | fiscal year 2023-12-31 | $1.62M 10-K 2024-03-29 | $1.97M 10-K 2025-04-15 | +22.0% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2021-06-30 | $114K 10-Q 2021-08-16 | $136K 10-Q 2022-08-15 | +19.3% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-06-30 | $75K 10-Q 2023-08-14 | $88K 10-Q 2024-08-14 | +17.3% | first · latest |
| Interest expense InterestExpense | quarter 2024-09-30 | $1.13M 10-Q 2024-11-14 | $1.31M 10-Q 2025-11-13 | +16.1% | first · latest |
| Interest expense InterestExpense | quarter 2020-06-30 | $94K 10-Q 2020-08-14 | $84K 10-Q 2021-08-16 | -10.6% | first · latest |
| Gross profit GrossProfit | quarter 2025-06-30 | $7.82M 10-Q 2025-08-11 | $7.2M 10-Q/A 2026-08-14 | -7.9% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | fiscal year 2022-12-31 | $964K 10-K 2023-03-31 | $931K 10-K 2024-03-29 | -3.4% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-09-30 | 18,473,000 shares 10-Q 2021-11-15 | 18,743,000 shares 10-Q 2022-11-14 | +1.5% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for TSSI yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.