# Transportation and Logistics Systems, Inc. (TLSS) · Edgar & Edgarette company card

> Transportation and Logistics Systems (TLSS) grew revenue 40.9% in FY2022 to $8 million, operating margin -54.4% against a 6.4% median for transportation services, equity 25.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1463208 · fiscal year ended 2022-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/TLSS) · [JSON](https://www.pops4.com/boards/company/TLSS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $8M |
| Revenue growth, 1 year | 40.9% |
| Revenue growth per year | -13.2% |
| Operating margin | -54.4% (prior year -117.3%) |
| Net margin | -104.3% |
| Operating cash flow | −$3M |
| Capital spending | $143,948 |
| Free cash flow | −$4M |
| Cash | $1M |
| Long-term debt | $6M |
| Total assets | $21M |
| Total equity | $6M |
| Equity ÷ assets | 25.8% |
| Return on equity | -146.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -21.84 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late quarterly report notice in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative (-$486K in FY2025); revenue is hard to predict: its 80% range is ±65%

## Edgarette's reading

Exposure: revenue $7.7M (FY2022), total debt $5.8M. Experience: revenue up 40.9% on the year, down 13.2% a year over 4 years; operating margin -54.4%, up from -117.3%. Soundness: equity 25.8% of assets, return on equity -146.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.6M and $17.0M next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.2M to $18.9M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, transportation services): operating margin -54.4% against a 6.4% median; growth 40.9% against 12.2%.

## Health Watch, last 12 months

- Item NT 10-Q Late quarterly report notice: 1, latest 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226038200/0001493152-26-038200-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-11-05 ([filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226050255/0001493152-26-050255-index.htm))

## Recent filings

- 8-K · filed 2026-11-05 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.01 Changes in Control of Registrant; 5.02 Departure or Election of Directors; Appointment of Officers; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 5.05 Amendments to the Code of Ethics; 5.06 Change in Shell Company Status; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226050255/0001493152-26-050255-index.htm)
- 8-K · filed 2026-10-27 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226048712/0001493152-26-048712-index.htm)
- 8-K · filed 2026-10-08 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226046344/0001493152-26-046344-index.htm)
- 8-K · filed 2026-09-23 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226043934/0001493152-26-043934-index.htm)
- 8-K · filed 2026-08-24 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226039903/0001493152-26-039903-index.htm)
- 10-Q · filed 2026-08-19 · [filing](https://www.sec.gov/Archives/edgar/data/1463208/000149315226039210/0001493152-26-039210-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001463208.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1463208

## Cite

POPS4, Edgar & Edgarette: Transportation and Logistics Systems, Inc. (TLSS) company card, from the company's own SEC filings, accessed 2026-11-08, https://www.pops4.com/boards/company/TLSS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2022, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.