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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, Inc. (Nasdaq: OSS) has secured a multi-million-dollar program with a Fortune 50 cellular provider to provide transportable compute and storage hardware for a mobile 5G AI application. The deployment will involve rugged servers installed in service vehicles across over 100 cities, utilizing 5G antennas for real-time data collection. Each server can handle up to 256 terabytes of data and is designed for harsh environments. The deployment is expected to start this year and continue through 2026, tapping into the rapidly growing edge computing market projected to reach $101.3 billion by 2027.
On November 14, 2022, One Stop Systems (Nasdaq: OSS) and TMGcore unveiled the Rigel Edge Supercomputer, integrating groundbreaking two-phase liquid immersion cooling technology. This supercomputer is designed for AI Transportable applications, providing enhanced operating efficiency, compactness, and performance. Demonstrations will take place at SC22 in Dallas, Texas, until November 18. The Rigel Edge Supercomputer achieves data center-class computing levels while maintaining a rugged design, significantly reducing power consumption and noise. OSS plans to launch multiple liquid-cooled versions of Rigel in Q1 2023.
One Stop Systems (Nasdaq: OSS) reported a record Q3 2022 revenue of $18.8 million, an 18% increase YoY. Operating expenses decreased to 26.1% of revenue. Net income fell to $133,000, down from $981,000 in Q3 2021, while non-GAAP net income was $691,000. For the nine months ended September 30, revenue rose 23% to $54.2 million. The company anticipates Q4 revenue of $19.2 million, projecting total annual revenue of $73.4 million. Key drivers include growth in AI Transportable solutions and strong performance from its European subsidiary, Bressner.
One Stop Systems, Inc. (OSS) will host a conference call on November 10, 2022, at 5:00 p.m. ET to discuss its third-quarter financial results ending September 30, 2022. A press release with the results will precede the call. Participants can join via toll-free number 1-866-575-6539 or internationally at 1-786-789-4776, using Conference ID 4614790. A replay will be available post-call. OSS specializes in AI transportable solutions and provides innovative systems for various industries, enhancing AI workflows from data capture to deep learning.
One Stop Systems (Nasdaq: OSS) has achieved two significant wins in the autonomous trucking sector by partnering with Embark Trucks (Nasdaq: EMBK). The company will supply the Centauri rugged PCIe storage expansion system and the 3U SDS-AT rugged accelerated computing server for use in Embark's test fleet. These products are designed to enhance performance in harsh environments and support autonomous operations, reflecting OSS's commitment to industry-specific solutions. Embark is projected to become a top 10 account for OSS, and the new servers are set to ship this quarter.
One Stop Systems (Nasdaq: OSS) has been invited to present at the Lake Street Capital Markets 6th Annual Best Ideas Growth Conference in New York on September 14, 2022. The event focuses on small-cap companies and offers institutional investors a chance to engage directly with company leaders. OSS CEO David Raun and CFO John Morrison will discuss the company’s robust second-quarter performance, showcasing a 23% revenue growth to $18.3 million and an EPS of $0.02, driven by an expanding market share in AI Transportables.
One Stop Systems (OSS) reported Q2 2022 results with a record revenue of $18.3 million, a 23% increase year-over-year. Gross profit rose 12% to $5.2 million, but GAAP net income decreased to $323,000 ($0.02 per share) compared to $1.7 million in Q2 2021. Non-GAAP net income increased slightly to $871,000. The company secured four new major program wins, including initiatives in AI Transportable markets. For Q3 2022, OSS anticipates revenue of approximately $18.5 million, reflecting 16% growth.
One Stop Systems (Nasdaq: OSS) will conduct a conference call on August 11, 2022, at 5:00 p.m. Eastern time, to discuss its Q2 2022 results. The financial results will be issued via press release before the call. Participants can dial in using toll-free number 1-800-289-0720 or international number 1-786-460-7148 with Conference ID 9430360. A webcast will be available, including a slide presentation, with an archived version accessible post-event on the company’s website. A replay will be offered until August 25, 2022.
One Stop Systems (OSS) has established a new advisory board aimed at enhancing its position in the multi-billion-dollar AI Transportables market. The board comprises seasoned military officials and corporate executives with vast experience in technology, high-performance computing, and the defense sector. They will assist OSS in refining product strategies and navigating government processes. OSS is witnessing increased demand for its high-performance computing solutions, and its advisory board is expected to expedite market penetration and capitalize on opportunities across various verticals, including defense and energy.
Guild Holdings Company (NYSE: GHLD) announced the appointment of Gioia Messinger to its board of directors, effective July 1, 2022, expanding the board to seven members. Ms. Messinger brings over 30 years of executive experience and has a strong background in strategic advisory and digital transformation. Her previous roles include founder and CEO of Avaak, Inc. Patrick Duffy, chairman of the board, highlighted her proven track record in innovation and strategic planning. Ms. Messinger expressed enthusiasm to join Guild and contribute to its sustainable growth.