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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.
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.
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One Stop Systems (OSS) reported a strong first quarter of 2022, achieving record revenues of $17.1 million, a 28% year-over-year increase. Gross profit rose 16% to $5.1 million, while operating expenses grew by 8%. GAAP net income reached $579,000, or $0.03 per share, significantly up from $41,000 in Q1 2021. The company secured six major program wins, particularly in autonomous trucking, enhancing its AI Transportable strategy. Despite challenges from supply chain disruptions, OSS remains cash flow positive with $15.8 million in cash and equivalents as of March 31, 2022.
One Stop Systems is set to present at the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. The company will engage in one-on-one meetings with institutional investors, focusing on its AI Transportable edge computing solutions. OSS reported a 19% increase in 2021 revenue, reaching $62 million, with a projected revenue of $16.8 million for Q1 2022, representing a 26% growth year-over-year. Management, including CEO David Raun and CFO John Morrison, will highlight the expansion in autonomous trucking and military aircraft verticals.
One Stop Systems (OSS) will host a conference call on May 12, 2022, at 5:00 p.m. Eastern time to discuss its Q1 2022 financial results. The call follows a press release with results prior to the meeting. Participants can join by dialing 1-888-224-1005 (toll-free) or 1-786-789-4797 (international), using Conference ID: 1230393. A live webcast is also available, with a replay accessible after the call. OSS specializes in AI Transportable solutions for industries like defense and autonomous vehicles.
One Stop Systems, Inc. (Nasdaq: OSS) moderated a panel on autonomous trucks at the AUVSI XPONENTIAL 2022 conference. The discussion focused on market catalysts and challenges, emphasizing OSS's rugged computing technology that enhances sensor data processing for autonomous vehicles. OSS is actively collaborating with multiple trucking companies and anticipates significant market growth, projecting over a billion dollars in AI Transportable solutions. The autonomous truck sector is expected to exceed $2.5 billion by 2028, driven by investments exceeding $10 billion and a demand for reduced operational costs and increased efficiency.
One Stop Systems (OSS), a leader in AI transportable solutions, announced two program wins in the autonomous truck sector with a self-driving technology pioneer and a subsidiary of a major commercial vehicle manufacturer. These partnerships affirm OSS's strategic focus on the rapidly growing autonomous truck market projected to grow from $528 million in 2023 to $166.8 billion by 2035. OSS's Centauri product, designed for high-capacity and efficient data storage, is set for shipment soon, enhancing operations for autonomous trucking, which can reduce transit times significantly.
One Stop Systems (Nasdaq: OSS) has been invited to present at the Noble Capital Markets 18th Annual Small and Microcap Investor Conference on April 19-21, 2022, in Miami, Florida. CEO David Raun will present on April 20 at 11:00 a.m. Eastern time and will hold one-on-one meetings with investors. The company will discuss its market leadership in AI Transportables and recent financial performance, reporting a record $62 million in 2021 revenue, up 19%, and projected Q1 2022 revenue of $16.8 million, a 26% increase year-over-year. For participation details, visit their website.
One Stop Systems, Inc. (Nasdaq: OSS) reported Q4 and full-year 2021 results, showing a 28% revenue increase year-over-year, totaling $17.8 million for Q4 and $62 million for the full year. The company achieved a GAAP net income of $2.3 million for 2021, a recovery from a prior loss. However, Q4 saw a net loss of $386,000, driven by a lower-margin product mix. With $19.6 million in cash, OSS anticipates $16.8 million in Q1 2022 revenue, reflecting a 26% year-over-year growth. Key operational highlights included 14 new significant program wins in 2021.
On March 10, 2022, One Stop Systems, Inc. (NASDAQ: OSS) announced a conference call scheduled for March 24, 2022, at 5:00 p.m. Eastern Time to discuss its fourth quarter and full-year results for 2021. The financial results will be released prior to the call, which will feature a Q&A session with management. Interested participants can join via toll-free and international dial-in numbers, as well as through a live webcast. A replay of the call will be available until April 7, 2022. OSS specializes in AI Transportable solutions for various industries.
One Stop Systems, Inc. (OSS) will present at the 34th Annual ROTH Conference from March 13-15, 2022, in Dana Point, California. The event will feature one-on-one meetings and thematic panels. OSS, a leader in AI Transportable solutions, anticipates Q4 2021 revenue of approximately $17.1 million, reflecting a 23% year-over-year increase. This is part of an expected annual revenue of $61.3 million, up 18% from the previous year. OSS aims to discuss its market leadership in edge computing solutions at the event.
Wrap Technologies, Inc. (NASDAQ: WRAP) announced a major leadership transition to support its growth strategy. CEO Tom Smith and CFO Jim Barnes will step down, with Barnes retiring by year-end. The interim management will be led by L. W. Varner, Jr. as Principal Executive Officer, alongside Glenn Hickman as COO, and Lawrence Hirsh as Senior Advisor. A Special Transition Committee will oversee the leadership search. Wayne Walker has been appointed as the new Chairman of the Board, succeeding Patrick Kinsella. The Board aims to diversify the company's offerings and capitalize on growth opportunities in public safety technologies.
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