Partnership to enhance cognitive dominance in support of Hyper Enabled Force mission objectives through development efforts of rugged edge AI/ML compute solutions Agreement aligns with OSS' strategy to expand offerings and establish embedded relationships across the U.S. Department of Defense ESCONDIDO, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and s ...

ESCONDIDO, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. ("OSS" or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the Edge, today announced that Mike Knowles, President and CEO, and John Morrison, CFO will participate in the Lake Street Capital Markets' Best Ideas Growth "Big8" Conference on September 12, 2024, at The Yale Club in New York City. Management is scheduled to host one- ...

ESCONDIDO, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. ("OSS" or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the Edge, today announced an initial purchase order valued at over $500,000 from The U.S. Army that is expected to be recognized in 2024. The order represents a new customer, and a new platform win for OSS, which the Company believes supports a multi-year opportunity bas ...

One Stop Systems, Inc. (NASDAQ:OSS) Q2 2024 Results Conference Call August 8, 2024 5:00 PM ET Company Participants Mike Knowles - Chief Executive Officer John Morrison - Chief Financial Officer Conference Call Participants Tony Felling - Lake Street Capital Brian Kinstlinger - AGP Operator Good day, and. welcome to the One Stop Systems second quarter 2024 Conference Call and Webcast. At this time, all participants are in a listen-only mode. Later you will have opportunity to ask questions. During the questi ...

One Stop Systems, Inc. (OSS) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.04, delivering a surprise of 20%. Over the last four quarters, the company has ...

One Stop Systems Reports Q2 2024 Results Q2 2024 revenues of $13.2 million, sequential increase and in line with plan OSS segment orders of $7.5 million, outpacing quarterly revenue for the second consecutive quarter Management expects continued sequential growth with consolidated Q3 2024 revenue of $13.3 million, and OSS segment revenue expected to increase 15% year-over-year to $6.3 million ESCONDIDO, Calif. – August 8, 2024 – – One Stop Systems, Inc. ("OSS" or the "Company") (Nasdaq: OSS), a leader in ru ...

Financial Performance - For the three months ended June 30, 2024, total revenue was $17,211,532, a decrease from $33,993,426 for the same period in 2023, representing a decline of approximately 49.3%[98]. - Total revenue for the three months ended June 30, 2024, decreased by $4,010,202, or 23.3%, compared to the same period in 2023[102]. - For the six months ended June 30, 2024, total revenue decreased by $8,140,310, or 23.9%, with OSS down by $5,852,776, or 34.6%[103]. - The net loss for the three months ended June 30, 2024, was $(2,399,496), compared to a net loss of $(2,800,008) for the same period in 2023, showing a reduction in losses[99]. - Management reported a net loss of $3,684,167 for the six months ended June 30, 2024, an increase of $884,159 from a net loss of $2,800,008 in the prior year[132]. - The company reported a net loss of $2,344,545 for the three months ended June 30, 2024, compared to a net loss of $2,399,496 for the same period in 2023[157]. - Adjusted EBITDA for the six months ended June 30, 2024, was $(1,751,783), a decrease from $1,152,192 for the same period in 2023[157]. - Free cash flow for the six months ended June 30, 2024, was $1,022,648, down from $1,749,043 for the same period in 2023[162]. Revenue Composition - Product revenue accounted for 89.0% of total revenue in Q2 2024, down from 97.7% in Q2 2023, indicating a shift in revenue composition[100]. - OSS revenue decreased by $2,756,062, or 33.3%, primarily due to the discontinuation of sales to a former customer, while Bressner's revenue decreased by $1,254,140, or 14.0%[102]. - The company recognizes revenue primarily from the sale of computer hardware and engineering services, with a minor contribution from software sales and maintenance contracts[92]. Cost Management - Operating expenses totaled $8,211,495 for Q2 2024, which is 42.3% of total revenue, a decrease from 47.7% in Q2 2023, reflecting improved cost management[100]. - Cost of revenue for the three months ended June 30, 2024, decreased by $2,545,527, or 20.5%, with OSS seeing a decrease of $1,718,005, or 29.3%[104]. - General and administrative expenses decreased by $665,482, or 21.7%, for the three months ended June 30, 2024, but increased as a percentage of revenue to 18.2%[108]. - Marketing and selling expenses increased by $771,163, or 52.0%, for the three months ended June 30, 2024, raising the percentage of revenue to 17.1%[111]. - Research and development expenses decreased by $29,048, or 3.0%, for the three months ended June 30, 2024, but increased as a percentage of revenue to 7.0%[113]. Cash and Investments - As of June 30, 2024, total cash and cash equivalents were $6,751,771, with short-term investments of $5,019,230[122]. - The company generated $1,226,742 in cash from operating activities for the six months ended June 30, 2024, a decrease of $822,192 compared to $2,048,934 in the same period of 2023[132]. - Cash generated from investing activities increased to $2,541,086 in the six months ended June 30, 2024, compared to $503,054 in the prior year, reflecting a net increase of $2,038,032[134]. - The company used $1,014,840 in cash for financing activities during the six months ended June 30, 2024, compared to generating $413,575 in the same period of 2023, resulting in a difference of $1,428,415[135]. - The company has a revolving line of credit of $2,000,000, which was renewed in June 2024 and will expire in September 2026, with no outstanding balance as of June 30, 2024[126]. - The company filed a registration statement allowing it to offer and sell up to $100,000,000 of various securities, which may be utilized for additional financing if needed[127]. Market and Strategic Focus - The edge computing market is driven by the global increase in load on cloud infrastructure and the rise in AI applications, positioning the company favorably in a growing sector[88]. - The company expects to increase its research and development expenses as it continues to invest in new and existing products, indicating a focus on innovation[95]. - The company has made strategic acquisitions, including Bressner Technology GmbH, to enhance its product offerings and market reach in Europe, the Middle East, and Africa[90][91]. - The company is focusing on acquiring new customer orders to replace lost revenue and is committed to controlling costs and conserving cash for liquidity over the next twelve months[125]. - The company is increasing efforts to penetrate the military and defense sectors, which involves significant contracting requirements and protracted sales cycles[138]. Economic and Risk Factors - The company anticipates continued economic uncertainty and volatility in capital markets, particularly due to inflation and potential recessions in the U.S. and Germany[124]. - The company is subject to foreign currency risk due to operations in Germany, with transactions primarily in Euros, impacting financial results due to exchange rate fluctuations[151][152]. - The company employs derivatives to manage market risks but is currently not a party to any foreign exchange contracts[153]. - The effective tax rate for the six months ended June 30, 2024, was 29.1%, compared to 28.9% in the prior period in 2023[121]. Stock-Based Compensation - The company incurred stock-based compensation expenses of $557,198 for the three months ended June 30, 2024, compared to $898,008 for the same period in 2023[157]. - The company has not experienced any losses in accounts exceeding insurance limits and believes the financial institutions are stable[149].

ESCONDIDO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. ("OSS" or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, announced today that the Company will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. A webcast and conference call will be held that same day at 5:00 p.m. ET to review the Company's results. Conference Cal ...

ESCONDIDO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. ("OSS" or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, announced today that the Company will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. A webcast and conference call will be held that same day at 5:00 p.m. ET to review the Company's results. Conference Cal ...

One Stop Systems, Inc. (NASDAQ:OSS) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Mike Knowles - President & Chief Executive Officer John Morrison - Chief Financial Officer Conference Call Participants Max Michaelis - Lake Street Capital Markets, LLC Joe Gomes - Noble Capital Operator Good day everyone, and welcome to today's One Stop Systems 2024, Quarter One Conference Call and Webcast. At this time, all participants are in a listen-only mode. Later, you will have the opport ...