Movers and SHAKERS
One Stop Systems Inc. (OSS)
Initiates Expense Reduction and Reorganization Plan
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.
Moves to Strengthen Company: Near and Long-Term. Yesterday, OSS announced it has initiated a structural change and expense reduction plan designed to align the company’s operations and goals with current market uncertainty while positioning OSS for future growth. The company expects the program to be substantially complete in the current quarter and realize savings of $2.5 million to $3 million on an annual basis.
Reorg Plan. The major part of the reorg plan is an intensified focus on product marketing development, with the product marketing team now the hub for cross functional coordination with sales, engineering, operations, and finance. This team now will be responsible for creating additional value and customer stickiness, as well as improving margins by...
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