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 ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (I.R.S. Employer Identification No.) 2235 Enterprise Street #110 Escondido, California 92029 (Address of principal executive offices including Zip Code OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ ...

ESCONDIDO, Calif., May 01, 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 it will host its Annual Meeting of Shareholders, virtually on May 15, 2024, at 11:00 AM PT. Shareholders who owned the Company's stock as of the close of business on March 22, 2024, can register, vote electronically, and submit questions by u ...

Financial Data and Key Metrics - Consolidated revenue decreased by $11.5 million or 15.9% from $72.4 million to $60.9 million, primarily due to a $13.7 million decrease in media revenue [7] - OSS revenue decreased by $14.5 million or 33.4%, while Bressner revenue increased by $2.9 million or 10.1% [7] - Consolidated gross profit in Q4 decreased by $544,000 to $4.4 million, with gross margins improving to 33.7% from 27.3% [3] - OSS gross margin improved by 14.5 percentage points to 45.9%, while Bressner's gross margin improved by 1.6 percentage points to 22.2% [3] - Net loss on a GAAP basis was $278,000 or $0.01 per share, compared to a net loss of $3.3 million or $0.16 per share in the same period in 2022 [5] - Adjusted EBITDA, a non-GAAP metric, was $353,000, a decrease from $1.6 million in the prior year [6] Business Line Performance - OSS contributed $28.8 million or 47% of total revenue, while Bressner contributed $32.1 million or 53% [7] - OSS experienced a significant decrease in media revenue, offset by higher-margin rugged edge processing products [3] - Bressner improved both margins and profitability despite a challenging economy in Germany and Europe [23] Market Performance - OSS revenue was fairly evenly balanced between commercial and defense applications in 2023 [7] - The company expects revenue of approximately $12.5 million in Q1 2024, representing a 5% sequential decrease from Q4 2023 and a 25% year-over-year decrease [13] Company Strategy and Industry Competition - The company is transitioning away from lower-margin media revenue and focusing on higher-margin AI transportable products [22] - OSS is leveraging its expertise in high-performance ruggedized edge processing, compute, storage, and connectivity systems, while Bressner operates as a systems integrator in Europe [24] - The company is pursuing opportunities in both commercial and military segments, focusing on AI-centered high-performance computing at the edge [42][44] Management Commentary on Operating Environment and Future Outlook - Management highlighted the impact of U.S. Government continuing resolutions on revenue, particularly in the defense market [1] - The company expects increased spending in autonomy, artificial intelligence, and machine learning in the defense sector [48] - Management is optimistic about the growing pipeline of opportunities and the potential for long-term value creation [19][46] Other Important Information - The company has a five-year unfactored pipeline exceeding $1 billion, reflecting growth in both commercial and defense markets for AI and ML solutions [69] - Recent wins include a multi-million-dollar program with Leidos' Dynetics and a contract with the U.S. Army Ground Vehicle Systems Center [49][50] - The company has added new talent to its management team and Board of Directors to support its growth strategy [16][17] Q&A Session Summary Question: Gross margins in Q4 and outlook for 2024 - Gross margins in Q4 were heavily weighted towards AI transportable products, particularly in the defense industry, with higher-margin data storage units contributing significantly [34] - The company expects gross margins to continue growing, with a target of 30% to 40%, driven by the shift away from lower-margin media revenue [100] Question: Sales cycles and growth expectations in the defense market - The company expects growth to pick up in the second half of 2024, driven by pipeline conversion and defense market opportunities [38][76] - The defense market has long sales cycles, but the company is leveraging its high technology readiness level products to compete effectively [88] Question: Inventory levels and working capital - The company has significant inventory due to past commitments but expects to free up $2 million in working capital this year by selling down inventory [84][110] Question: Impact of NVIDIA's new Blackwell chip on product design - The company can move from product availability to shipping within a year, leveraging its engineering capabilities to work with customers on GPU lead times [102][117] Question: Pipeline conversion and qualification process - The company uses a two-probability model to assess opportunities, focusing on the likelihood of an opportunity emerging and the probability of winning [108] - The company is actively engaging with customers to convert its growing pipeline into multi-year, multi-million-dollar orders [109]

Exhibit 99.1 One Stop Systems Reports Q4 2023 Results Company to Hold a Conference Call Today at 5:00 p.m. Eastern Time ESCONDIDO, Calif. – March 21, 2024 – – One Stop Systems, Inc. (Nasdaq: OSS), a leader in rugged high- performance compute (HPC) for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, reported results for the fourth quarter and twelve months ended December 31, 2023. All quarterly and twelve-month comparisons are to the same year-ago period unless otherwis ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _______ Commission File Number 001-38371 One Stop Systems, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) (Registrant's telephone number, including area code) | Securities registered pursuant ...

Financial Data and Key Metrics Changes - In Q3, the company reported consolidated revenue of $13.7 million, a decrease of $5.1 million or 26.9% compared to the same period in 2022, primarily due to the loss of a former media customer and delays in defense applications [6][36] - Gross profit decreased to $3.7 million, with an overall gross margin percentage decreasing 40 basis points to 26.6% [35] - The net loss on a GAAP basis was $3.6 million or $0.18 per share, compared to net income of $133,000 or $0.01 per share in the same period in 2022 [36] Business Line Data and Key Metrics Changes - OSS contributed $5.5 million to the revenue, while Bressner contributed $8.2 million, including $377,000 from OSS products [6] - Bressner's gross margin percentage improved by 40 basis points to 22.6% due to a favorable product mix [13] - OSS's gross margin improved by 1.7 percentage points to 32.4%, attributed to the absence of lower-margin sales to the former media customer [35] Market Data and Key Metrics Changes - The company is experiencing a slowdown in commercial markets, which has led to delays in customer orders and reduced awards [6][39] - The defense market remains active, with the company engaged in multiple proposal and program pursuits, including opportunities in the commercial aerospace market [9][10] Company Strategy and Development Direction - The company is focusing on expanding its presence in rugged Edge and defense market opportunities, moving away from low-margin media customers [5][10] - There is a commitment to securing new prime contractors and multiyear contracts, both domestically and internationally, to bolster the pipeline [10][19] - The company aims to maximize gross profit contribution, even if it means accepting lower-margin business in the short term [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the rugged Edge processing market, driven by artificial intelligence and sensor fusion [8] - The company anticipates challenges due to the defense budget continuing resolution, which may delay funding and awards [39] - Management noted a general malaise in the commercial market, but there is significant interest in technology adoption from technical engineers [81] Other Important Information - The company received its site facility clearance, enabling it to pursue additional market opportunities in classified programs [19] - The company showcased its products at major industry events, enhancing its visibility and engagement with potential customers [21][42] Q&A Session Summary Question: Can you quantify the pipeline? - The pipeline structure of opportunities is around $850 million, with a 5-year unfactored pipeline in excess of $900 million [25][46] Question: What is the addressable or biddable portion of the pipeline? - The pipeline includes both commercial and defense markets, with a mix likely close to 50-50 [27] Question: What should be expected regarding core OSS gross margin? - The core OSS gross margin is expected to be in the 35% to 40% range [29] Question: What hurdles exist between now and production in the defense industry? - The continued resolution of the defense budget is causing delays, but there are opportunities for technology refresh cycles that could expedite contracts [55] Question: How is the company addressing hiring challenges for security clearances? - The company can utilize its own personnel for current projects, and there is a plan to build out the team as needed [84] Question: What is the status of the defense work pushed out into 2024? - The estimate remains around $5 million to $6 million of defense work pushed out into 2024 [82]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38371 One Stop Systems, Inc. For the quarterly period ended September 30, 2023 (Exact Name of Registrant as Specified in its Charter) OR (State or other jurisdiction of incorporation or organization) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 33- ...