One Stop Sys Inc Stock Price, News & Analysis

One Stop Systems (OSS), a leader in rugged Enterprise Class compute for AI, machine learning and sensor processing at the edge, has scheduled its Q4 and full year 2024 financial results release for March 19, 2025, before market opens.

The company will host a conference call and webcast on the same day at 10:00 a.m. ET to discuss the results. A replay will be available from 1:00 p.m. ET until April 2, 2025.

One Stop Systems (Nasdaq: OSS), a leading provider of rugged Enterprise Class compute solutions for AI, machine learning, and sensor processing at the edge, has announced its participation in the upcoming 37th Annual ROTH Conference.

The conference is scheduled for March 17-18, 2025, in Dana Point, CA. Company executives Mike Knowles (President and CEO) and Dan Gabel (CFO) will be available for one-on-one meetings with investors throughout both days of the event. Interested parties can arrange meetings through their ROTH representatives.

One Stop Systems (OSS) has secured two significant contract renewals with the U.S. Department of Defense, totaling $6 million. The first is a $4 million contract for the P-8A Poseidon Aircraft program, including production orders, tech refresh, and a 5-year support extension under a $36 million sole-source supplier agreement. This contract involves providing high-capacity flash storage systems and support services.

The second renewal is a $2 million contract for upgrading PCIe infrastructure supporting sonar sensor processing on the Virginia Class Submarine. This sole-source agreement, ongoing since 2010, will support the program for at least another decade. Prototypes will be delivered in early 2025, with production systems following later in the year.

One Stop Systems (OSS) has secured a new $200,000 order from a leading Asian defense contractor for rugged enterprise-class servers. The hardware will be used in unmanned surface vessels (USV) for autonomous maritime operations. The delivery is scheduled for Q4 2024, with additional similar or larger orders expected in 2025-2026.

The system includes two 3U Short Depth Servers and ethernet switches, designed to process data from over 30 cameras in harsh maritime conditions with ambient temperatures exceeding 40°C. The technology will enable vessels to operate autonomously for defense, public safety, and security missions.

One Stop Systems (OSS) has secured a new order from an award-winning AI infrastructure company valued at $2 million. The initial 100-piece order includes 50 OSS Ponto Reef compute accelerators and 50 OSS Gen5 4UPro Accelerator Systems, with production starting in Q1 2025. The Ponto Reef system is an industry-first PCIe 5.0 expansion system supporting up to 32 PCIe Accelerator Devices in a single chassis, designed for GenAI/ML, HPC, visualization, and data science applications in the Composable Disaggregated Infrastructure (CDI) market.

One Stop Systems (OSS) has appointed Daniel Gabel as CFO, Treasurer, and Secretary, effective November 11, 2024. Gabel succeeds John Morrison, who is retiring after serving since September 2017. Gabel brings over 14 years of defense industry experience, most recently serving as CFO of CAES' Defense System Division. Previously, he spent over 10 years at RTX across various finance roles, including as CFO of SEAKR Engineering. The transition aligns with OSS's strategy to pursue growth in commercial and defense markets.

One Stop Systems reported Q3 2024 results with consolidated revenue of $13.7 million, showing sequential growth from Q2. The OSS segment revenue increased 17.5% year-over-year, while Bressner segment experienced a decline due to European market softness. The company incurred a $6.1 million charge for obsolete inventory, resulting in a net loss of $6.8 million. Despite this, OSS maintained strong cash position of $12.6 million and expects Q4 2024 revenue of approximately $15.0 million, with OSS segment revenue projected over $7.0 million.

One Stop Systems (Nasdaq: OSS), a provider of rugged Enterprise Class compute solutions for AI, ML, and sensor processing at the edge, has announced it will release its Q3 2024 financial results before market open on Wednesday, November 6, 2024. The company will host a conference call and webcast at 10:00 a.m. ET the same day to discuss the results. A replay will be available from 1:00 p.m. ET until November 20, 2024.

One Stop Systems (OSS) has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Special Operations Command. This partnership aims to develop advanced, rugged high-performance computing solutions for AI and ML processing in edge environments. The collaboration supports the Hyper-Enabled Force (HEF) initiative, enhancing situational awareness and decision-making capabilities of Special Operations Forces (SOF).

The agreement aligns with OSS's strategy to expand offerings across the U.S. Department of Defense. Robert Kalebaugh, OSS VP of Sales, highlighted the potential to provide warfighters with sophisticated tools for improved performance in complex combat scenarios. The SOF CRADA is part of OSS's $1+ billion sales pipeline, reflecting the company's focus on enterprise-class architecture for AI/ML, sensor fusion, and autonomy applications in defense.