TSS shares fall 38.3% after-hours after Q3 revenue drops 40% due to operational challenges and cost pressures from new facility launch.

TSS, Inc. (TSSI) plummeted 38.30% in after-hours trading following the release of weak Q3 earnings results, including a 40% revenue decline to $41.9 million and a $1.5 million net loss. The company cited operational challenges at a new facility, weaker procurement demand, and a 41% drop in gross profit as key drivers of the underperformance. Despite raising its FY2025 adjusted EBITDA guidance by 50.