One Stop Systems, Inc. - OSS STOCK NEWS

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.

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.