Movers and SHAKERS
One Stop Systems Inc. (OSS)
Preliminary 4Q and FY2019 Revenues Top Expectations
One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centres housing technology.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Preliminary 2019 Revenues. OSS reported preliminary 2019 revenue of $58.3 million, above the high end of management's previous $58 million guidance and above our $56.9 million projection. This is a 57% increase over 2018 revenue. Fourth quarter 2019 revenue is projected to be a record $18.4 million. Full year results are expected to be released in March. We will update our models then.
Growth Reflects Multiple Factors. The 2019 record growth reflects a combination of new design win revenue, acquisition related revenue, and ongoing growth at major customers. While acquisitions are always a wild card, we expect to see ongoing growth from major customers and...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.