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 (OSS) delivers cutting-edge rugged computing solutions for AI-driven edge applications in defense, transportation, and industrial sectors. This news hub provides investors and industry professionals with authoritative updates on OSS's strategic developments and technological advancements.
Access real-time announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated collection features official releases about PCIe-based systems, military-grade computing platforms, and autonomous vehicle technology deployments.
Stay informed about OSS's progress in sensor fusion applications, defense contracts, and commercial AI implementations. Content spans financial disclosures, engineering milestones, and market expansion initiatives while maintaining strict compliance with financial reporting standards.
Bookmark this page for continuous updates on OSS's mission-critical computing solutions designed for extreme environments. Verify time-sensitive information directly through official SEC filings and company communications.
One Stop Systems, Inc. (Nasdaq: OSS) launched the world's first PCIe Gen 4 expansion system, enabling support for NVIDIA A100 Tensor Core GPUs, with up to 20X performance increase compared to previous generations. The OSS 4UV system allows developers to connect up to eight A100 GPUs, enhancing performance for AI training and other compute-intensive applications, achieving peak computing of 19.9 PetaOPS. The system includes two PCIe x16 Gen 4 slots for advanced NICs and is available for order directly from OSS sales.
One Stop Systems (Nasdaq: OSS) has secured over $1.0 million in prototype orders for a military airborne AI threat detection system from a U.S. Navy prime contractor. Orders exceeding $676,000 have already shipped, with an additional $350,000 engineering work order in progress. The new AI on the Fly® system is designed for P3 and P8-A aircraft, utilizing advanced AI algorithms for real-time threat detection. This project highlights OSS's leadership in edge AI technology, particularly with its first-to-market PCIe Gen 4 system, promising enhanced performance in military applications.
On June 9, 2020, One Stop Systems (Nasdaq: OSS) announced the appointment of three new independent board members, effective July 1. These members, Sita M. Lowman, Gioia Messinger, and Greg W. Matz, bring extensive experience in finance, marketing, and innovation. The board will now consist of seven members, six of whom are independent. Chairman Kenneth Potashner emphasized that these additions complement the company's leadership amid recent organizational changes, aimed at establishing a solid foundation for growth in the high-performance edge computing market.
On May 20, 2020, One Stop Systems, Inc. (OSS) held its 2020 Annual Meeting of Stockholders but lacked a quorum due to mailing delays caused by the COVID-19 pandemic. Consequently, the meeting was adjourned to June 3, 2020, at 11:00 a.m. Pacific Time. Stockholders are encouraged to vote via the Internet, telephone, or mail. The proxy statement, essential for voting decisions, was filed on May 1, 2020, and is available online. OSS focuses on specialized high-performance computing products for various industries, empowering advancements in technology and AI.
One Stop Systems reported a record revenue of $13.4 million for Q1 2020, up 33% from Q1 2019. Gross profit also increased to $3.4 million, representing 25.4% of revenue. The company secured significant design wins and introduced advanced products, including a new PCIe Gen 4 expansion system. Operating expenses increased to $4.9 million, mainly due to G&A expenses. Despite a GAAP net loss of $1.1 million, cash on hand improved to $5 million post-financing. The company projects a minimum revenue of $10 million for Q2 2020.
One Stop Systems (Nasdaq: OSS) announced over $3.5 million in production orders for its new Gen 4 PCIe products from various OEM customers, scheduled for delivery in 2020. As the pioneer of Gen 4-based components, OSS continues to lead in high-performance edge computing. Notable orders include components for NVMe flash memory testing and the StorageBox 2000 for an Asian flash memory manufacturer, aimed at enhancing data center speed and efficiency.
One Stop Systems (Nasdaq: OSS) will present at the 5th Annual Oppenheimer Emerging Growth Conference on May 12, 2020. Interim CEO David Raun and CFO John Morrison will discuss the company’s award-winning AI on the Fly® technology and its role in next-generation autonomous vehicles. OSS reported a 57% revenue increase in 2019, reaching a record $58.3 million, thanks to strong sales in military and media sectors. The presentation will touch on the company's recent organizational transformation aimed at ensuring sustainability and future growth.
FAQ
What is the current stock price of One Stop Sys (OSS)?
What is the market cap of One Stop Sys (OSS)?
