One Stop Systems, Inc. (OSS) Reports Q2 Loss, Tops Revenue Estimates

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]