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One Stop Systems, Inc. (OSS) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2025-03-19 14:11
Group 1 - One Stop Systems, Inc. reported a quarterly loss of $0.12 per share, significantly worse than the Zacks Consensus Estimate of $0.01, marking an earnings surprise of -1,300% [1] - The company posted revenues of $15.14 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.93% and showing an increase from $13.16 million year-over-year [2] - Over the last four quarters, One Stop Systems has surpassed consensus revenue estimates four times, but has only exceeded EPS estimates once [2] Group 2 - The stock has underperformed the market, losing about 8.7% since the beginning of the year compared to the S&P 500's decline of -4.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $14 million, while for the current fiscal year, it is $0.01 on revenues of $61.3 million [7] - The Zacks Industry Rank for Electronics - Miscellaneous Products is in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8]
One Stop Systems Reports Q4 2024 Results
Newsfilter· 2025-03-19 12:00
Core Insights - The company reported consolidated revenue growth for Q4 2024, with a year-over-year increase of 15.1%, reaching $15.1 million compared to $13.2 million in Q4 2023, driven by growth in both OSS and Bressner segments [4][10][18] - Management anticipates double-digit consolidated revenue growth in 2025, with OSS segment revenue expected to exceed 20% growth and aims for EBITDA break-even for the year [1][18] Financial Performance - OSS segment revenue increased by 10% year-over-year, primarily due to higher sales from defense and commercial customers, contributing $7.04 million in Q4 2024 [4][5] - Bressner segment revenue grew by 19.9% year-over-year, totaling $8.1 million in Q4 2024 [4][5] - For the full year 2024, consolidated revenue was $54.7 million, a decrease of 10.2% from $60.9 million in 2023, largely due to the loss of a former media customer [10][11] Profitability Metrics - The consolidated gross margin for Q4 2024 was 15.7%, down from 33.7% in the prior year, with a gross margin of 23.8% when excluding one-time charges [6][12] - The company reported a net loss of $3.1 million, or $(0.15) per share, compared to a net loss of $278,000, or $(0.01) per share, in the prior year [8][34] - Adjusted EBITDA for Q4 2024 was a loss of $2.3 million, including $1.2 million in one-time charges, compared to adjusted EBITDA of $322,000 in the prior year [8][17] Operational Adjustments - The company took a $1.2 million charge related to contract losses for a customer-funded development contract, which impacted gross margin and net income [4][10] - Total operating expenses increased by 15.1% to $5.5 million, primarily due to higher general and administrative costs [7][34] Cash and Working Capital - As of December 31, 2024, the company reported cash and short-term investments of $10.0 million, down from $11.8 million a year earlier, with total working capital of $24.0 million [9][33] - The reduction in cash was mainly due to the repayment of $1 million in notes payable [9] Future Outlook - The company expects consolidated revenue for 2025 to be between $59 million and $61 million, with OSS segment revenue projected at approximately $30 million [18] - Management anticipates improved revenue and profitability in the second half of 2025 based on current trends and an expanding sales pipeline [18]
One Stop Systems to Report Fourth Quarter and Full Year 2024 Financial Results
GlobeNewswire· 2025-03-12 12:30
Core Viewpoint - One Stop Systems, Inc. (OSS) will release its fourth quarter and full year 2024 financial results on March 19, 2025, followed by a conference call to discuss the results [1] Group 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 in challenging environments [3][5] - 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 [4][5] Group 2: Product and Market Position - OSS solutions address the entire AI workflow, from data acquisition to deep learning and large-scale inference, and have achieved many industry firsts for industrial OEM and government customers [5] - The company operates in the rapidly growing multi-billion-dollar edge computing market, focusing on delivering high performance in demanding environments [5] Group 3: Communication and Accessibility - The conference call will be accessible via domestic and international phone lines, with a replay available after the call [2] - Additional information about OSS and its products can be found on the company's website and social media platforms [6]
OSS to Participate in the 37th Annual ROTH Conference
GlobeNewswire News Room· 2025-03-11 12:00
Company Overview - One Stop Systems, Inc. (OSS) is a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML), and sensor processing at the edge [1][3] - OSS designs and manufactures products that enable rugged AI, sensor fusion, and autonomous capabilities across various challenging environments [3][5] Product Offerings - OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software [4] - These products are utilized in multiple industries, including autonomous trucking, farming, defense, and aerospace applications [4][5] Market Position - OSS operates in the rapidly growing segment of the multi-billion-dollar edge computing market, focusing on AI-enabled solutions that deliver high performance in demanding conditions [5] - The company addresses the entire AI workflow, from data acquisition to deep learning and large-scale inference, achieving many industry firsts for its customers [5] Upcoming Events - OSS will participate in the 37th Annual ROTH Conference on March 17-18, 2025, where the CEO and CFO will be available for one-on-one investor meetings [1][2]
OSS Announces $6 Million in Combined Platform Contract Renewals for Two Existing U.S. Department of Defense Programs
GlobeNewswire· 2025-02-20 13:00
Core Insights - One Stop Systems, Inc. (OSS) announced two contract renewals with the U.S. Department of Defense, totaling approximately $6 million, which includes a $4 million contract for the P-8A Poseidon Aircraft and a $2 million contract for the Virginia Class Submarine [1][2][5] Group 1: Contract Details - The $4 million contract for the P-8A Poseidon includes a follow-on production order, a tech refresh contract, and a 5-year support extension, expanding the scope of OSS software under a current $36 million agreement [3][4] - The $2 million contract for the Virginia Class Submarine involves upgrading PCIe infrastructure for sonar sensor processing, with prototypes expected in early 2025 and production systems later in 2025 [5] Group 2: Company Positioning and Strategy - OSS emphasizes its leadership in providing high-performance edge computing solutions for military applications, highlighting the importance of these contract renewals in its long-term strategic plan [2][6] - The company focuses on ruggedized AI-enabled solutions that cater to demanding environments, showcasing its capabilities in various sectors including defense, autonomous trucking, and agriculture [6][7][8]
OSS Announces Follow-On Order and Design Win from a Leading Defense Contractor in Asia for an Autonomous Maritime Application
GlobeNewswire News Room· 2024-12-03 13:00
Core Insights - One Stop Systems, Inc. (OSS) has received a new purchase order valued at $200,000 from a leading defense contractor in Asia, with deliveries expected in Q4 2024 and additional orders anticipated in 2025 and 2026 [1][2]. Group 1: Company Overview - OSS specializes in rugged Enterprise Class compute solutions for AI, machine learning, and sensor processing at the edge, catering to demanding environments [4][6]. - The company designs and manufactures products that enable AI, sensor fusion, and autonomous capabilities, ensuring high performance in challenging applications across various sectors, including defense [4][5]. Group 2: Product and Application Details - The new order supports the contractor's modular system aimed at converting manned vessels into unmanned surface vessels (USV) for autonomous missions, integrating mission controls and payloads for diverse applications [2][3]. - OSS will provide 8U of hardware for each USV, including two rugged 3U Short Depth Servers and two redundant ethernet switches, designed to operate reliably in temperatures exceeding 40°C [2][3]. Group 3: Market Position and Future Outlook - OSS's rugged computing solutions are positioned to meet the needs of USVs operating in harsh environments, requiring high levels of compute power for autonomous operations [3][6]. - The company is part of the rapidly growing edge computing market, particularly in AI-enabled solutions, which demand high performance in challenging conditions [6].
OSS Announces Design Win with an Award-Winning AI Infrastructure Company
GlobeNewswire News Room· 2024-11-13 13:00
Initial order valued at $2 million with shipments expected to begin in the first quarter of 2025 OSS will deliver the first PCIe expansion unit to support up to 32 accelerator devices ESCONDIDO, Calif., Nov. 13, 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 a new order from an established award-winning AI infrastructu ...
One Stop Systems(OSS) - 2024 Q3 - Earnings Call Transcript
2024-11-06 19:50
One Stop Systems, Inc. (NASDAQ:OSS) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Mike Knowles - President and Chief Executive Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Scott Searle - ROTH Capital Partners Eric Martinuzzi - Lake Street Capital Operator Good day and welcome to the One Stop Systems Third Quarter 2024 Conference Call and Webcast. At this time, all participants are in a listen-only mode. Later you will have the opportu ...
One Stop Systems, Inc. (OSS) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-06 15:15
One Stop Systems, Inc. (OSS) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -650%. 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 $0.09, delivering a surprise of -80%.Over the last four quarters, the company has surpa ...
One Stop Systems(OSS) - 2024 Q3 - Quarterly Report
2024-11-06 13:07
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 September 30, 2024 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. (Exact Name of Registrant as Specified in its Charter) Titleofeachcl ...