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One Stop Systems, Inc. (Nasdaq: OSS) is a trailblazer in the design, manufacture, and marketing of rugged high-performance computing (HPC) and storage systems, specifically targeted for edge applications involving artificial intelligence (AI) and machine learning (ML). The company is known for its expertise in developing advanced PCI and PCI Express expansion systems, which enhance server, desktop, and portable platform capabilities, offering fault-tolerant, reliable, and serviceable solutions for mission-critical environments.
The company operates through two segments: OSS and Bressner. The OSS segment focuses on creating specialized high-performance customized computers and flash arrays, in-flight entertainment, and connectivity solutions. The Bressner segment acts as a system integrator, providing all-in-one hardware systems and components for industrial environments, contributing to the majority of the company's revenue.
OSS's innovation is highlighted by their recent achievements, including winning a contract with a U.S. intelligence agency for a liquid immersion-cooled HPC solution. This deployment will utilize OSS's rugged edge technology, capable of delivering up to 52GB/s sustained storage bandwidth. OSS's Gen 4 PCIe® 3U-SDS will integrate into a liquid immersion-cooled system for mobile ground station applications, marking a significant milestone for the company.
The company's product line includes ruggedized servers, compute accelerators, and flash storage arrays used across various industries, such as audio and video production, test and measurement, medical imaging, surveillance, aerospace, defense, and telecommunications. Their solutions support the entire AI workflow, from high-speed data acquisition to deep learning and large-scale inference.
Financially, OSS is transitioning from lower-margin media revenues to focus on high-margin AI transportable growth strategies. Despite a decrease in overall revenue in 2023 due to this transition, OSS saw an increase in gross margins, demonstrating the success of their new strategic focus.
OSS's products and services are globally available, reflecting their commitment to delivering high-performance solutions in the most challenging environments without compromise. Their customer base spans commercial and defense markets, ensuring robust support and growth opportunities for their high-performance computing solutions.
One Stop Systems (OSS) announces the resignation of CEO David Raun, effective upon the appointment of a successor. Although a candidate is not yet identified, an internationally recognized search firm has been engaged. Raun will remain as a member of the Board of Directors. Under his leadership, OSS has focused on AI Transportable solutions, aligning with the Department of Defense for high-margin opportunities. The company anticipates announcing key military technology integrations in 2023. While internal organizational changes were made, Raun expressed confidence in OSS's future and commitment to a smooth transition.
One Stop Systems, Inc. (Nasdaq: OSS) has been invited to present at the A.G.P. Emerging Growth Technology Conference on February 16, 2023. CEO David Raun and CFO John Morrison will engage in one-on-one virtual meetings with institutional analysts and investors, discussing OSS's leadership in the AI Transportables market—a rapidly growing segment of edge computing. In Q3 2022, OSS reported an impressive 18% revenue increase to a record $18.8 million and a non-GAAP EPS of $0.03. Interested parties can schedule meetings via the conference registration link.
One Stop Systems (Nasdaq: OSS) announced a $3 million order from a key military contractor to enhance a radar simulation system for the U.S. Department of Defense Missile Defense Agency. This order includes OSS 4UV compute accelerators, equipped with top-tier PCIe Gen4 Tensor Core GPUs designed for AI training in mobile radar systems and datacenters. The systems aim to improve missile defense simulation accuracy and speed. Shipments began in Q4 2022, with completion expected in H1 2023. CEO David Raun highlighted the order as a validation of OSS's technology for demanding environments.
One Stop Systems, Inc. (Nasdaq: OSS) has secured a five-year contract extension to provide ruggedized transportable flash storage arrays to a U.S. Navy prime contractor, starting January 1, 2023. This follows a $36 million agreement for supplying high-capacity storage systems for the Navy's P-8A reconnaissance aircraft. The CEO highlighted the company's technology leadership and the expectation of new opportunities stemming from this exclusive relationship.
One Stop Systems (Nasdaq: OSS) will ring the Nasdaq Closing Bell on Dec. 22, 2022, marking its five-year IPO anniversary. David Raun, OSS President and CEO, will lead the event, highlighting OSS's growth in AI Transportable solutions. The company reported an 18% revenue increase in Q3 2022, reaching $18.8 million, with projected revenue of $19.2 million for Q4 2022. This signifies strong momentum with expectations for approximately $73.4 million annual revenue in 2022, an 18% rise from the previous year.
One Stop Systems, Inc. (Nasdaq: OSS) has secured a multi-million-dollar program with a Fortune 50 cellular provider to provide transportable compute and storage hardware for a mobile 5G AI application. The deployment will involve rugged servers installed in service vehicles across over 100 cities, utilizing 5G antennas for real-time data collection. Each server can handle up to 256 terabytes of data and is designed for harsh environments. The deployment is expected to start this year and continue through 2026, tapping into the rapidly growing edge computing market projected to reach $101.3 billion by 2027.
On November 14, 2022, One Stop Systems (Nasdaq: OSS) and TMGcore unveiled the Rigel Edge Supercomputer, integrating groundbreaking two-phase liquid immersion cooling technology. This supercomputer is designed for AI Transportable applications, providing enhanced operating efficiency, compactness, and performance. Demonstrations will take place at SC22 in Dallas, Texas, until November 18. The Rigel Edge Supercomputer achieves data center-class computing levels while maintaining a rugged design, significantly reducing power consumption and noise. OSS plans to launch multiple liquid-cooled versions of Rigel in Q1 2023.
One Stop Systems (Nasdaq: OSS) reported a record Q3 2022 revenue of $18.8 million, an 18% increase YoY. Operating expenses decreased to 26.1% of revenue. Net income fell to $133,000, down from $981,000 in Q3 2021, while non-GAAP net income was $691,000. For the nine months ended September 30, revenue rose 23% to $54.2 million. The company anticipates Q4 revenue of $19.2 million, projecting total annual revenue of $73.4 million. Key drivers include growth in AI Transportable solutions and strong performance from its European subsidiary, Bressner.
One Stop Systems, Inc. (OSS) will host a conference call on November 10, 2022, at 5:00 p.m. ET to discuss its third-quarter financial results ending September 30, 2022. A press release with the results will precede the call. Participants can join via toll-free number 1-866-575-6539 or internationally at 1-786-789-4776, using Conference ID 4614790. A replay will be available post-call. OSS specializes in AI transportable solutions and provides innovative systems for various industries, enhancing AI workflows from data capture to deep learning.
One Stop Systems (Nasdaq: OSS) has achieved two significant wins in the autonomous trucking sector by partnering with Embark Trucks (Nasdaq: EMBK). The company will supply the Centauri rugged PCIe storage expansion system and the 3U SDS-AT rugged accelerated computing server for use in Embark's test fleet. These products are designed to enhance performance in harsh environments and support autonomous operations, reflecting OSS's commitment to industry-specific solutions. Embark is projected to become a top 10 account for OSS, and the new servers are set to ship this quarter.
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