OSS
One Stop Systems, Inc.6.98
+0.13+1.9%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guide, active M&A funnel
Q&A largely reaffirmed prepared remarks on 20%-25% 2026 revenue growth and 40% gross margins, confirming supply chain headwinds like memory delays are already baked in without derailing the full-year guide. Management highlighted an active M&A funnel for hardware-software adjacencies, emphasizing patience for the right accretive deal. Defense-commercial mix remains flexible around 50/50. Sales team needs no major hires to support growth. Army enhanced vision program holds potential for thousands of vehicles. M&A pipeline heats up. Investors will track supply execution and deal progress.
Key Stats
Market Cap
171.12MP/E (TTM)
-Basic EPS (TTM)
-0.32Dividend Yield
0%Recent Filings
10-K
FY2025 results
One Stop Systems delivered FY2025 revenue of $32.2M, up 31% y/y from $24.6M, fueled by strong Q4 demand from US Navy P-8A storage and defense primes' classified platforms, while medical imaging OEMs ramped liquid-cooled servers. Gross margins exploded to 49.6% from 2.5%, thanks to favorable product mix, no repeat of 2024's $7.1M inventory hits or $1.2M contract losses, and better absorption on higher volumes. Q4 accelerated growth via Navy and defense wins, offsetting aerospace softness; R&D rose 57% y/y on PCIe Gen6 and U-BMC pushes. Cash swelled to $33.4M post-$11.6M equity raise and $17.9M Bressner sale; no debt. Q4 peaked. Supply chain volatility looms.
8-K
OSS sells German unit for $22M
One Stop Systems sold its German subsidiary, owning Bressner Technology GmbH, to Hiper Euro GmbH on December 30, 2025, for a $22.0 million base price, subject to post-closing adjustments including working capital and escrow. The deal sharpens OSS's focus on AI, ML, and rugged edge compute, boosting cash by ~$19.6M net of holdbacks while shedding underperforming operations. Sale closed instantly. Pro formas show deeper losses without Bressner, yet press flags ~$7.4M gain and positive adjusted EBITDA.
10-Q
Q3 FY2025 results
One Stop Systems flipped to Q3 revenue of $18.8M, up 36.9% y/y, with gross margin soaring to 35.7% from -12.5% thanks to non-recurrence of prior inventory charges and better product mix across OSS (45.6%) and Bressner (26.0%) segments. Operating income hit $0.6M versus a $6.7M loss last year, diluted EPS $0.01 (22.8M shares). Cash stood at $6.5M with $1.0M on $2.0M revolver (7.25%) and €1.0M notes (3.5-3.75%); ops used $4.9M YTD. OSS drew defense and medical wins; Bressner gained on industrial demand. Cash burn stings. Government shutdowns risk contract delays.
8-K
OSS closes $12.5M stock offering
One Stop Systems closed a registered direct offering on October 1, 2025, selling 2,500,000 shares of common stock to institutional investors at $5.00 per share, generating $12.5 million in gross proceeds before fees. The capital bolsters the balance sheet to fuel AI edge computing growth, including mergers and acquisitions amid rising sales momentum. Yet lock-ups curb near-term share supply.
10-Q
Q2 FY2025 results
One Stop Systems posted Q2 revenue of $14.1M, up 6.9% y/y but flat q/q, driven by OSS defense and medical gains offset by aerospace dips, while Bressner book-and-ship rose 8.7% y/y amid forex tailwinds. Gross margins jumped to 31.3% from 25.2% y/y, thanks to OSS's 41.3% mix shift and no repeat inventory charges, yet operating loss narrowed just 19% to $1.8M as R&D spiked 65% y/y on AI edge investments. Diluted EPS held at -$0.09, matching shares at 21.7M with no anti-dilution. Cash climbed to $8.5M with $1.0M short-term investments; FCF ran negative $1.7M (derived) on ops use, but $2M revolver sits untapped and foreign debt totals $1.2M at 3.75-3.9% maturing late 2025. Non-GAAP metrics not disclosed in the 10-Q. Supply chain snarls from tariffs and geopolitics loom large.
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