Movers and SHAKERS
One Stop Systems Inc. (OSS)
Strong 3Q19 Sets Stage for Excellent Full Year 2019
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 full report for price target, fundamental analysis and rating.
- Strong 3Q19. One Stop Systems reported record revenue of $14.9 million in the third quarter, up 55% y-o-y. GAAP EPS came in at $0.03, versus $0.09 in the year ago period, while non-GAAP adjusted EPS was $0.05 compared to $0.11. Excluding a unique tax benefit in 3Q18, GAAP and non-GAAP EPS actually improved by $0.04 year-over-year. We had forecast $15 million of revenue and GAAP EPS of $0.04.
- Acquisitions the Driver. OSS's Bressner and CDI units drove the quarter's performance as the legacy OSS business revenue was down 2% reflecting the lumpiness of the military contracts. Bressner set a new quarterly revenue record at...
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 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.