One Stop Systems (OSS) – Reports Third Quarter 2023 Results

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Monday, November 13, 2023

One Stop Systems, Inc. (OSS) designs and manufactures innovative AI Transportable edge computing modules and systems, including ruggedized servers, compute accelerators, expansion systems, flash storage arrays, and Ion Accelerator™ SAN, NAS, and data recording software for AI workflows. These products are used for AI data set capture, training, and large-scale inference in the defense, oil and gas, mining, autonomous vehicles, and rugged entertainment applications. OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe storage to build award-winning systems, including many industry firsts, for industrial OEMs and government customers. The company enables AI on the Fly® by bringing AI datacenter performance to ‘the edge,’ especially on mobile platforms, and by addressing the entire AI workflow, from high-speed data acquisition to deep learning, training, and inference. OSS products are available directly or through global distributors. For more information, go to

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

3Q23 Results. Revenue came in at $13.7 million, slightly above our $13.5 million estimate, but down 27% y-o-y, reflecting the continued runoff of the Disguise business, which contributed $4.3 million of revenue in the year ago quarter. Higher operating expenses, including some one-time items, drove a net loss of $3.6 million, or a loss of $0.18/sh in the quarter, compared to net income of $132,533, or EPS of $0.01 last year. Adjusted loss was $0.03/sh compared to EPS of $0.03 last year. We had forecasted a loss of $0.10/sh.

Unique Position. We continue to believe OSS has carved out a unique position in the robust growth markets driven by artificial intelligence and sensor fusion, particularly in rugged high-performance compute demand at the Edge. Management remains committed to expanding efforts to secure new prime contractors, vehicle platforms, and multiyear contracts, both domestically and internationally.

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*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. 


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