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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.
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One Stop Systems (OSS), a leader in rugged Enterprise Class compute for AI, machine learning, and sensor processing at the Edge, has announced its participation in the Lake Street Capital Markets' Best Ideas Growth "Big8" Conference. The event is scheduled for September 12, 2024, at The Yale Club in New York City.
Mike Knowles, President and CEO, and John Morrison, CFO, will represent OSS at the conference. They are set to host one-on-one meetings with investors during the event. Interested investors are advised to contact their Lake Street conference representative to arrange meetings with OSS management.
This participation highlights OSS's commitment to engaging with investors and showcasing its position in the AI and edge computing market. The conference provides an opportunity for OSS to present its growth strategies and discuss its innovative solutions in rugged enterprise-class compute systems.
One Stop Systems (OSS) has received a $500,000 initial purchase order from the U.S. Army, marking a new customer and platform win. This order is part of a potential multi-year opportunity to support the Army's efforts in testing threat detection systems and aircraft survivability for rotary-winged aircraft. OSS will supply rugged 3U Short Depth Servers (SDS) for high-speed airborne data recording, chosen for their proven performance in various rugged deployments. The company's VP of Sales, Robert Kalebaugh, highlighted this as an example of OSS's strategy to support rigorous military and aerospace demands with enterprise-class, standards-based platforms across multiple applications and airframes.
One Stop Systems (Nasdaq: OSS) reported Q2 2024 results with revenue of $13.2 million, a sequential increase but a 23.3% decline year-over-year. The decline was mainly due to the loss of a former media customer and a $1.3 million decrease in Bressner revenue from European market softness. Despite this, OSS segment orders reached $7.5 million, outpacing quarterly revenue for the second straight quarter. Gross margin dropped to 25.2% from 27.9%. Operating expenses fell by 31.9% to $5.6 million. Net loss was $2.3 million ($0.11 per share), similar to a $2.4 million ($0.12 per share) loss last year. OSS forecasts consolidated Q3 2024 revenue of $13.3 million and a 15% year-over-year increase in OSS segment revenue to $6.3 million.
One Stop Systems (OSS), a Nasdaq-listed company specializing in rugged Enterprise Class compute for AI, machine learning, and sensor processing at the edge, has announced its plans to release second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host a webcast and conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can access the call using domestic (1-800-717-1738) or international (1-646-307-1865) numbers, with the Conference ID: 29484. A webcast link is provided for online participation. A replay of the call will be available until August 22, 2024.
One Stop Systems, Inc. (
One Stop Systems, Inc. (Nasdaq: OSS) will hold its Annual Meeting of Shareholders virtually on May 15, 2024, at 11:00 AM PT. Shareholders as of March 22, 2024, can register, vote electronically, and submit questions online. Registration is required prior to the meeting at www.proxydocs.com/oss.
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