One Stop Systems(US:OSS)2021-09-16 20:23Edge Computing Market & AI Transportables - The global edge computing market is projected to reach $61.1 billion by 2025[14] - In 2018, only 10% of generated data was processed on the edge, but by 2025, it is expected to grow to 75%[14] - One Stop Systems (OSS) focuses on "AI Transportables," which require the power of the datacenter at each node in harsh environments[19] - The AI Transportables market is estimated to be a $200M-$400M market[45] OSS Financial Performance & Strategic Changes - OSS's revenue in 2017 was $27.5 million, $37.0 million in 2018, $58.3 million in 2019, and $51.9 million in 2020 (impacted by COVID)[50, 62] - OSS experienced a COVID-related loss/delay of $14 million in revenue[61] - Q2 2021 revenue was $14.9 million, up 28% compared to Q2 2020[71] - Q2 2021 gross profit was $4.7 million, up 40% compared to Q2 2020[71] - Q2 2021 Adjusted EBITDA was $1.4 million, up $1.3 million compared to Q2 2020, representing 9% of quarterly revenue[71] - Cash and cash equivalents increased by $12 million+ to $18.5 million as of Q2 2021[71] - OSS expects AI Transportables to grow from 20% of revenue in 2020 to 50% in the future[45]