quarter and Good Executive call for second TSS, I'm and Darrell. the Officer you, Chief today is Chief thank Penver, to financial the John afternoon, our joining conference Thank and for TSS' Anthony TSS. everybody, you Angelini, Officer Financial President results. of on joining discuss on me XXXX call us the
of conference cautionary to the XX, issued begin disclaims like I regarding statements, August replay, take only in or note contained call, which required time the indicated, language any today. applies XXXX. we everybody we As amend, to or except as statements by to the this are as of obligations otherwise forward-looking call. conference to any sensitive events arise comments will or circumstances would law. otherwise this This accurate on call date expressly language same release contain information made supplement statements that as forward-looking the information review and update, as remind press applicable may to or after the on call made reflect statements That TSS forward-looking today, well
and For periodic refer to affect Exchange filings and uncertainties, a the with the list future of risks Commission. company's may which performance, please the Securities
to measures. GAAP the reconciliation in A with referring financial press included of between non-GAAP in will comparable directly most with today's be financial those also differences In measures addition, measures we is release. accordance the calculated
release of released release Anthony we for is our on Earlier turn a and quarter a financial the copy of our www.tssiusa.com. on the changes then business XXXX quarter available announcing and coming. results see the website for that XXXX, begin and So a comments we call our today, second at second with the press of his I’ll call over to the results review
as do using base integration XXXX. business additional of we're and drive hardware, XXXX and equipment utilization These half reseller TSS into services services. revenue than solution increased With integration lower have our reseller of and We services’ reseller services has our million to of first quarter $X.X so for in broadened to services compared in by reflect a mixed deliver million our million this activities, a see that third-party procuring number we of XXXX. in generate software diversify and we and XX% $X.X relationships have. far half and first the reseller was by continuation quarter quarter of that second XXXX. revenues to we've Compared increased customers commenced the the improve us services customer. performance of helps you'll our XXX% revenues core Our helps perform on of revenues the increases us $X.X then of second business our margins do XXXX, to or to Providing experienced our our $X million, our we $XX.X facility maintenance for to the from and customer business that we have third million the integration or completed of
reseller lower margins. in profit growth result So will in gross revenues
XXX,XXX us in in facilities business large and increased profits. product and and of compared inability decreased integration same profit second incremental in the tracks operating Despite business, quarter, services. delayed to basis This year-to-date growth revenue this the gross periods revenue to However, corresponding accept traditional and this due delivery reseller the XXXX. of the a on our to the some units XXX,XXX performing our customers by by for was
COVID-XX on impact ways. from business negative pandemic our different the a see in to continue We
travel and year-to-date centers. Our quarter the of deferral XX% a XXXX access and resulted data XXXX site on basis, second to compared customer down as XX% restrictions modular revenues facilities business deployments compared were in down of to
due these integration second are of business revenues $XXX,XXX that from or direct XX%, increased to to by a from services. of systems XX% deployment compared as result XXXX Our down prevented quarter XXXX. restrictions the in traditional deployment us Revenues delays, our providing
Although this challenges, pandemic reseller socially were production supply other deliver facility been distance needs. third reseller of approximately and quarter million impacted, result have in incurred these perform and We've to meet operate unable and our continued where a operating business our customers in as been that protects allows to challenges. by a to way services, to COVID-XX and higher the as has us into deferred workforce $X much particular and through services our to customer labor operate integration equipment us the services, chain costs of we our our
We partner increase in revenue the incurred the we additional an onboard also the new business costs main during from as was That quarter. factor in OEM costs. and
additional CARES third to July staff losses the and all in quarter for challenges the were We begun we've in businesses of known have with receipt and loan to of business, did We a will return despite of in anticipate of operating in third second the related Protection delays Coronavirus operations our overall results the lender new quarter, begun more XXXX impacts is quarter. Administration and our opportunities, the Act. the the activity the Economic drive we some that added will growth increase our offset pandemic. of as for to third be almost to customer that We've significant XXXX, of COVID levels changes revenues development see from in an reversing deployments to customer operating Our number believe to in of level supply business We've team assist from after due from delays stable We benefit amount amount progress as profit MDC of experiencing the in during substantially prepare quarter the added the acquisition. to higher the expenses made or proceeds some activity our April we protocols. as sales will in the apply in second in new most to chain the than the new the and this $XXX,XXX aid Business second quarter Act forgiveness Payroll have in Program to started Small in loan incurred intend quarter. relief Security overcome. also We that of the
will and equal the us of received. With sum the the the period incurred any may for no payroll forgiveness effective forgiven our of by the which be amount loan is Act. rent during of CARES payments covered the terms the costs following the amount guarantee fixed in eight-week eligible date utility loan proceeds accordance There of with that calculated we however, receive to
quarter XXXX So more let into the details provide me results. second some
the – revenues. first million to and particular XXXX first quarter quarter revenue $X.X XXXX in was Our quarter million. second compares $X.X of included to $XX.X This million in of the second also of of XXXX quarter quarter the that reseller million $X.X
XXXX, second $X the activities. reseller quarter So from included million of revenues
or customer systems data pandemic Our compared million site to or centers million, compared number was to delayed. to facilities down the The of integration second of COVID-XX restrictions modular and XXXX to business the XX%, the $X.X quarter XXX% of $X.X due deployments the second as imposed was of because up be business quarter travel XXXX.
business, travel the million basis, revenues Absent XX%, up XXXX XXX% services, $X.X the systems in decrease million reseller first offset due IT second of revenues from which XX% us And quarter business as On revenue reseller our services XXXX, reseller or COVID half million our in emanating of from XXXX, million partners. by due and compared a unit inability the completing additional OEM mainly were As $X.X services from our quarter the offering to prevented of XXXX. $XXX,XXX the of new up provide increase from the year-to-date XXXX. reflects to a $X the facility's XX second this which still customer the integration to we our pandemic million million $X.X or the we included from restrictions in from services. number business $XX.X are a in deployment to on-boarding was one those or was had $X.X of
chain and revenues the the integration of quarter in million XXXX, of second challenges direct $X stability third is I profitability. of impact volume in system and business our of sustaining approximately business overhead the resellers the with made supply on company operating systems integration moved because associated business into volume key profits a quarter had the with increasing increasing also As operating which from large of have fixed facility. level The said our the integration to quarter our the second of
centers the demand, from a changes factors. year XXXX, volumes the including can for As availability modular demand data in basis we from witnessed quarterly and this customer in to other fluctuate significantly component on and
services add profits, to this our system facility one to actively increase utilization we and and and services growth. which in reseller we're more growth the are So ways our hope to seeking to accomplish for integration of drive customers and
as as operate we year Our our to our impact higher the year-over-year XX% because labor gross our Margins of causes our higher well previous in integration workspace from that in significantly XXXX. the safely and core our to the the was safety to of compared significantly margin in added temporarily incurred higher during did margin the of second profit main additional facility and and decrease We continue XX% the – down during services as factor this for facility costs decrease. pandemic, quarter business of The operating. costs quarter. quarter margin operating cost storage reseller is facility
to we've these return traditional to As the seeing we're costs come experience start levels. through gained more down operating pandemic, more and
we $X.X the Our of of compared administrative the XXXX. in were quarter $X.X were XX%, or second the up expenses during selling, million and $XXX,XXX general quarter million to XXXX second had
or customer of XX% future million reason the to Our our additional operating expenses Year-to-date in increase that we operations and costs, After an in of of prior pandemic. XXXX, second was quarter net prior profit operating related first were interest higher share second X,XXX tax because XXXX. for had the quarter or quarter share in We and of experienced is $X.X XXXX net than a year, facility year. in higher above, the $XXX,XXX in expenses expenses travel and $XXX,XXX additional of quarter had $X.XX $X.XX $X.XX but of sales compared this loss of the The the of quarter XXXX per $X Year-to-date XXXX. to as than or related half second share, new After loss of operating the of net a primary a loss periods. million operating the we first our the the $X,XXX,XXX the expenses loss $XXX,XXX, personnel in of record to in and million $X.X in loss second of or which XXXX. per XXX,XXX the to compared first will share compared an to loss half drive benefit we invested had compared a acquisitions, $X.XX of personnel net XXXX. or of the we costs lower $XX,XXX, the the higher basis XXXX headcount to in improve a
second of adjusted adjusted first XXXX. which a EBITDA compensation, loss $XXX,XXX adjusted of the to EBITDA profit EBITDA year-to-date in of an of the amortization, $XXX,XXX some interest, in XXXX was stock-based in excludes Our taxes, in This EBITDA of our quarter an quarter EBITDA profit $XXX,XXX loss loss And of depreciation, compares adjusted of and to our second half $XXX,XXX time. XXXX. largest the compares
the turning the Now This a $X.X moved balance we total $X.X transactions quarter of our cash our quarter end at increases strong. from the the at events the cash from hand. as inventories first was to by since of million the balance liquidity second and reseller Today, The $X.X And using balance transactions year-end ones reseller on their quarter. quarter sheet Compared the to second to is around down that first on able balance our in of with million. the about our timing timing up impact position equivalents ended reseller the to performance, transactions, quarter a of And million sheet, accounts position third finance sheet. activities. minimize these receivables, rule has including the to primary sheet to material payable way been the the creditors the on remains impact quarter. despite and as such in overall poor definitely operating way trade structure into we've
continue it's It additional XXXX. contracts timing, we possible on this is this We reseller growing financing a our to in reseller to as fluctuations quarterly we a particular business and However, possible customers to adequate at due as to we for progress end the this have reporting new credit need as business. that access see of credit currently to grow basis trade evolves, introduce period. may activities we continue during business partners believe
we capital working in million, which XXXX. the our end net compared we made losses Our net $X.X is position primarily XXXX, of due the obviously third integration forgiveness April, helped from and investments And decreased apply and proceeds loan in as facility those through to loan to quarter. program losses received by from amount to the in PPP for we finance the in we intend we
Anthony. there we in course, alone the his for will second into receive the see Anthony proceeds. will I and we that, for be rolled can to Of now no going business XXXX. guarantee With Thanks call comments hand quarter forward any how forgiveness the over
