One Stop Systems(OSS)
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One Stop Systems to Participate at the Lake Street Best Ideas Growth Conference on September 12
GlobeNewswire News Room· 2024-09-05 12:00
Core Insights - One Stop Systems, Inc. (OSS) is participating in the Lake Street Capital Markets' Best Ideas Growth "Big8" Conference on September 12, 2024, in New York City, with CEO Mike Knowles and CFO John Morrison attending [1][8] - The company specializes in rugged Enterprise Class compute solutions for AI, machine learning, and sensor processing at the Edge, catering to demanding environments [3][5] Company Overview - OSS designs and manufactures AI-enabled solutions that provide high-performance computing and storage products for harsh applications across various industries, including defense, autonomous trucking, and farming [3][4] - The product lineup includes ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software, addressing the entire AI workflow from data acquisition to deep learning [4][5] Market Position - OSS operates in the rapidly growing multi-billion-dollar edge computing market, focusing on delivering high-performance AI solutions that meet the challenges of extreme environments [5] - The company has achieved several industry firsts for its industrial OEM and government customers, highlighting its innovative capabilities in the sector [5]
OSS Receives Order for Rugged Enterprise Class Servers to Support U.S. Army
GlobeNewswire News Room· 2024-08-22 12:00
Core Insights - One Stop Systems, Inc. has received an initial purchase order exceeding $500,000 from the U.S. Army, expected to be recognized in 2024, marking a new customer and platform win for the company [1][2]. Group 1: Purchase Order Details - The order will utilize the company's integrated hardware and storage software to support the U.S. Army's testing of threat detection systems and aircraft survivability systems for rotary-winged aircraft [2]. - OSS will provide rugged 3U Short Depth Servers (SDS) for high-speed airborne data recording, chosen for their proven performance in various deployments [2]. Group 2: Strategic Importance - The announcement reflects OSS's long-term success with Department of Defense platforms, indicating a multi-year funding opportunity based on current program requirements [3]. - The company aims to meet the rigorous demands of the Military and Aerospace industries with enterprise-class, standards-based platforms across multiple applications [3]. Group 3: Company Overview - One Stop Systems specializes in AI-enabled solutions for edge computing, designing and manufacturing rugged compute and storage products for challenging environments [4][6]. - The company's product offerings include ruggedized servers, compute accelerators, and storage solutions, utilized across various industries, including defense [5].
One Stop Systems, Inc. (OSS) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-08 23:45
Core Insights - One Stop Systems, Inc. reported a quarterly loss of $0.09 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.05, marking an earnings surprise of -80% [1] - The company generated revenues of $13.2 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 1.55%, but down from $17.21 million in the same quarter last year [2] - The stock has underperformed the S&P 500, gaining about 0.5% year-to-date compared to the S&P 500's 9% increase [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $15.2 million, and for the current fiscal year, it is -$0.08 on revenues of $60.7 million [7] - The estimate revisions trend for One Stop Systems is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Electronics - Miscellaneous Products industry, to which One Stop Systems belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Greenland Technologies Holding Corporation, is expected to report a quarterly earnings of $0.03 per share, reflecting a year-over-year decline of 83.3% [9]
One Stop Systems to Report Second Quarter 2024 Financial Results
Newsfilter· 2024-07-25 12:31
Core Viewpoint - One Stop Systems, Inc. (OSS) will release its second quarter 2024 financial results on August 8, 2024, followed by a conference call and webcast to discuss the results [1]. Company Overview - OSS is a leader in rugged Enterprise Class compute solutions for artificial intelligence (AI), machine learning (ML), and sensor processing at the edge [1][3]. - The company designs and manufactures products that enable rugged AI, sensor fusion, and autonomous capabilities, delivering data center performance in challenging environments [3][4]. Product Offerings - OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software, utilized across various industries such as autonomous trucking, farming, and defense [8]. - The company addresses the entire AI workflow, from high-speed data acquisition to deep learning and large-scale inference, achieving many industry firsts for industrial OEM and government customers [4]. Market Position - OSS operates in the rapidly growing multi-billion-dollar edge computing market, focusing on AI-enabled solutions that require high performance in demanding environments [9].
One Stop Systems to Report Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-07-25 12:31
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(OSS) - 2024 Q1 - Quarterly Report
2024-05-09 20:04
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 ________ ...
One Stop Systems Announces Annual Meeting of Shareholders
Newsfilter· 2024-05-01 12:31
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 ...
One Stop Systems(OSS) - 2023 Q4 - Earnings Call Transcript
2024-03-22 00:14
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]
One Stop Systems(OSS) - 2023 Q4 - Annual Results
2024-03-21 20:08
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 ...
One Stop Systems(OSS) - 2023 Q4 - Annual Report
2024-03-21 20:04
☒ 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 ...