Friday, May 15, 2020

One Stop Systems Inc. (OSS)

Solid Q1 Results but 2Q to be Impacted by COVID-19

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.

1Q20 Results. Revenue increased 33% to a first quarter record $13.4 million, above the high end of guidance. We were at $12.5 million and consensus was $12.6 million. GAAP EPS loss was $0.07, with adjusted EPS loss of $0.04, compared to a GAAP EPS loss of $0.07 and adjusted EPS loss of $0.03 in the first quarter of 2019. We had projected a GAAP loss of $0.03 and an adjusted EPS loss of $0.01.

Growing Opportunity Pipeline.During the quarter, OSS closed three new program wins exceeding $1 million each, of which two are new customers. And, as of yesterday, the Company had 27 large opportunities in its pipeline, including eight for PCI Express Gen 4 products 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.