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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 (Nasdaq: OSS) has been invited to the 6th Annual Emerging Growth Conference on May 11-12, 2021, hosted by Oppenheimer. The event will facilitate small group and one-on-one meetings with institutional investors, featuring over 50 emerging companies.
CEO David Raun, CFO John Morrison, and CMO Jim Ison will discuss AI Transportables™, a key focus of OSS in the growing edge computing market, projected to reach $43.4 billion by 2027 with a CAGR of 37%.
One Stop Systems (Nasdaq: OSS) will hold a conference call on May 13, 2021, at 5:00 p.m. Eastern time to discuss its Q1 2021 financial results. The results will be released prior to the call, which will include a Q&A session. Interested parties can join via toll-free dial-in (1-800-437-2398) or internationally (1-786-204-3966). A replay will be available post-call through May 27, 2021. OSS specializes in edge computing solutions for various industries, enhancing AI capabilities with advanced computing systems.
One Stop Systems (Nasdaq: OSS) will host a webinar on April 20, 2021, focusing on transforming large AI datasets into valuable assets. The event features speakers from OSS and KIOXIA America, discussing cutting-edge AI data acquisition and storage systems. The aim is to enhance data security and meet stringent FIPS 140-2 requirements for applications in defense, aerospace, and autonomous vehicles. Registration for the free webinar is available online, highlighting technological advancements in PCIe 4.0 systems designed for rugged environments.
One Stop Systems (OSS) has secured its first production orders for ruggedized transportable systems from a self-driving trucking technology company, reflecting its strong focus on the rapidly evolving edge computing market. This significant design win highlights the potential growth of OSS's AI Transportables segment, projected to expand to billions by 2025. The new ExpressBox 4400 solution is specifically designed for autonomous applications, featuring advanced capabilities that enhance processing power and reliability. OSS's strategy aims to capitalize on this growing opportunity in edge AI computing.
One Stop Systems, Inc. (OSS) reported Q4 2020 revenue of $13.9 million, down 24% year-over-year due to COVID-19. Operating expenses decreased by 9% to $4.3 million. Net income was $244,000, or $0.01 per share. Cash increased to $6.3 million, bolstered by a $9.3 million direct offering, totaling approximately $19 million in current cash. Full-year revenue fell 11% to $51.9 million. Despite challenges, OSS secured 16 new programs generating $18 million in revenue, showing diversification from major customers. Management anticipates Q1 2021 revenue around $13 million.
One Stop Systems (OSS) will hold a conference call on March 25, 2021, at 5:00 p.m. ET to discuss its financial results for Q4 and the full year ending December 31, 2020. The call will follow the release of financial results and include a Q&A session. Interested participants can join via a toll-free number or internationally. A replay will be available until April 8, 2021. OSS specializes in high-performance edge computing and offers innovative solutions across various industries.
One Stop Systems, Inc. (OSS) has been invited to the 33rd Annual ROTH Growth Conference from March 15-17, 2021. This virtual event will showcase presentations from various public and private companies, along with one-on-one meetings with investors. OSS's president and CEO, David Raun, will meet with investors, accompanied by CFO John Morrison and chief sales and marketing officer Jim Ison. The conference aims to connect emerging growth companies with investors, having previously featured over 550 companies and 5,000 attendees.
One Stop Systems, Inc. (Nasdaq: OSS) has announced a registered direct offering to sell 1,497,006 shares of common stock at $6.68 each, expected to close around March 3, 2021. The offering is led by A.G.P./Alliance Global Partners with The Benchmark Company, LLC as co-placement agent. This move follows an effective shelf registration statement previously filed with the SEC. Proceeds from the offering could enhance OSS's capacity in specialized edge computing systems and AI applications.
One Stop Systems, Inc. (Nasdaq: OSS) has been invited to present at the Noble Capital Markets 17th Annual Small and Microcap Investor Conference on January 19-20, 2021. President and CEO David Raun, along with CFO John Morrison, will deliver a 20-minute presentation at 11:15 a.m. Eastern Time, followed by a Q&A session. Interested attendees can register here. A replay will be available the next day on the company's website.
One Stop Systems has secured its fourth major program with a military prime contractor, named Orange Gear, involving advanced AI systems tailored for airborne applications. The program features a cluster of three rugged servers equipped with cutting-edge networking and storage technologies. This initiative aligns with OSS's strategy of integrating computing platforms with solid-state storage. OSS has previously engaged in similar projects, potentially boosting revenue in the coming years and validating their technology for critical U.S. Navy applications.