Welcome to our dedicated page for One Stop Sys news (Ticker: OSS), a resource for investors and traders seeking the latest updates and insights on One Stop Sys stock.
One Stop Systems, Inc. reports developments tied to rugged Enterprise Class compute and storage products for artificial intelligence, machine learning, sensor processing, sensor fusion and autonomy at the edge. The company designs hardware and software platforms intended for harsh operating environments across land, sea and air applications.
Recurring news for OSS includes operating and financial results, shareholder communications, customer awards, purchase orders and product showcases for defense and commercial markets. Company updates frequently reference rugged AI compute payloads, high-speed data acquisition, training and inference workflows, defense platforms such as the U.S. Navy P-8A Poseidon, autonomous systems and relationships with industrial OEM, government and defense-prime customers.
One Stop Systems (Nasdaq: OSS) and TMGcore showcase their innovative two-phase liquid immersion-cooled Rigel Edge Supercomputer at the Sea-Air-Space 2023 conference, held from April 3-5 in National Harbor, MD. This demonstration combines OSS's compact rugged supercomputer with TMGcore's EdgeBox-X immersion cooling solution, enhancing operating efficiency and reducing electronic signatures for military applications. The Rigel supports high-speed networking and can function efficiently in demanding environments. The collaboration aims to innovate further for AI transportable solutions, targeting applications like military drones and surveillance aircraft, paving the way for advanced computing solutions at the edge.
One Stop Systems (Nasdaq: OSS) reported its Q4 and full-year 2022 results, showing a 2.7% revenue increase to $18.2 million in Q4 and 16.8% growth to a record $72.4 million for the year. Gross profit remained flat at $5.0 million in Q4, while the net loss widened to $3.3 million, impacted by a $3.9 million write-down of deferred tax assets. Adjusted EBITDA rose to $1.6 million in Q4 and $5.2 million for the year. Operational highlights include 19 major program wins and a five-year contract extension with the U.S. Navy. Despite lower gross margins, OSS anticipates a revenue outlook of $16.6 million for Q1 2023 and projects significant military sales growth in the upcoming year.
One Stop Systems, Inc. (Nasdaq: OSS) will hold a conference call on March 23, 2023, at 5:00 p.m. Eastern time, to discuss its fourth quarter and full year results for the year ended December 31, 2022. A press release with financial results will be issued before the call. The call will include a Q&A session, and participants are encouraged to call five minutes early. The conference can be accessed toll-free at 1-888-886-7786. An archived version will be available on the company’s website within two hours post-call. OSS specializes in AI transportable compute solutions and serves various industries, including defense and autonomous technologies.
One Stop Systems (Nasdaq: OSS) will present at the 35th Annual ROTH Conference on March 12-14, 2023, at The Ritz Carlton, Laguna Niguel, California. The event includes on-demand presentations and opportunities for one-on-one meetings with management, including CEO David Raun and CFO John Morrison. They will discuss OSS's leadership in the AI Transportables sector, which is rapidly evolving within edge computing. In Q3 2022, OSS reported an 18% revenue increase, reaching $18.8 million, with a non-GAAP EPS of $0.03. This highlights the company's growth potential in delivering high-performance solutions for demanding environments.
One Stop Systems (Nasdaq: OSS) has secured a $1.3 million order from the U.S. Army for a ruggedized compute visualization system that utilizes OSS PCIe Gen 4 technology and NVIDIA Jetson AGX Orin modules. This system will enhance 360-degree visualization for over 14,000 Army vehicles, improving operational effectiveness and safety. The design includes a compute accelerator for video decoding, ensuring low-latency video feeds from external cameras to multiple internal displays. OSS's experience in ruggedizing technology and its recent Cybersecurity Maturity Model Certification aided in winning this contract. Prototypes are expected later this year.
One Stop Systems (OSS) announces the resignation of CEO David Raun, effective upon the appointment of a successor. Although a candidate is not yet identified, an internationally recognized search firm has been engaged. Raun will remain as a member of the Board of Directors. Under his leadership, OSS has focused on AI Transportable solutions, aligning with the Department of Defense for high-margin opportunities. The company anticipates announcing key military technology integrations in 2023. While internal organizational changes were made, Raun expressed confidence in OSS's future and commitment to a smooth transition.
One Stop Systems, Inc. (Nasdaq: OSS) has been invited to present at the A.G.P. Emerging Growth Technology Conference on February 16, 2023. CEO David Raun and CFO John Morrison will engage in one-on-one virtual meetings with institutional analysts and investors, discussing OSS's leadership in the AI Transportables market—a rapidly growing segment of edge computing. In Q3 2022, OSS reported an impressive 18% revenue increase to a record $18.8 million and a non-GAAP EPS of $0.03. Interested parties can schedule meetings via the conference registration link.
One Stop Systems (Nasdaq: OSS) announced a $3 million order from a key military contractor to enhance a radar simulation system for the U.S. Department of Defense Missile Defense Agency. This order includes OSS 4UV compute accelerators, equipped with top-tier PCIe Gen4 Tensor Core GPUs designed for AI training in mobile radar systems and datacenters. The systems aim to improve missile defense simulation accuracy and speed. Shipments began in Q4 2022, with completion expected in H1 2023. CEO David Raun highlighted the order as a validation of OSS's technology for demanding environments.
One Stop Systems, Inc. (Nasdaq: OSS) has secured a five-year contract extension to provide ruggedized transportable flash storage arrays to a U.S. Navy prime contractor, starting January 1, 2023. This follows a $36 million agreement for supplying high-capacity storage systems for the Navy's P-8A reconnaissance aircraft. The CEO highlighted the company's technology leadership and the expectation of new opportunities stemming from this exclusive relationship.
One Stop Systems (Nasdaq: OSS) will ring the Nasdaq Closing Bell on Dec. 22, 2022, marking its five-year IPO anniversary. David Raun, OSS President and CEO, will lead the event, highlighting OSS's growth in AI Transportable solutions. The company reported an 18% revenue increase in Q3 2022, reaching $18.8 million, with projected revenue of $19.2 million for Q4 2022. This signifies strong momentum with expectations for approximately $73.4 million annual revenue in 2022, an 18% rise from the previous year.