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 (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.
One Stop Systems (OSS) is scheduled to present at LD Micro’s Main Event on December 14, 2020. The event will be held virtually, featuring presentations from OSS's president and CEO, David Raun, and CFO, John Morrison at 10:00 a.m. PT. Attendees can register here. The presentation will include a live Q&A session and can be replayed later. OSS specializes in high-performance edge computing solutions, catering to various industries.
One Stop Systems (OSS) is set to present at the Noble Capital Markets’ Virtual Road Show on November 19, 2020, highlighting their role in specialized high-performance edge computing. The event, starting at 8:00 a.m. PT (11:00 a.m. ET), will feature OSS President David Raun and CFO John Morrison, followed by a Q&A session led by analyst Joe Gomes. Registration is free but limited to the first 100 registrants. Participants can also schedule one-on-one meetings with OSS online.
One Stop Systems reported Q3 2020 revenue of $13.0 million, a 12% increase from Q2 but a 13% decline year-over-year due to COVID-19. Gross profit margin improved to 37.8%, up from 28.6% in Q2. Operating expenses decreased 15% to $3.9 million, while net income rose 57% to $858,000. For the first nine months, revenue totaled $38.0 million, a 5% decrease, primarily due to a drop in media and entertainment revenues. OSS expects Q4 2020 revenue of around $13.0 million, maintaining similar gross margins.