Movers and SHAKERS
One Stop Systems (OSS)
3Q Results Exceed Expectations; Record 3Q Revenue
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.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
3Q21 Results. Record third quarter revenue of $16.0 million, up 23% y-o-y and up 7% sequentially. We had forecast $15.9 million. GAAP net income of $981,000, or $0.05 per share, versus $858,000, or $0.05 per share, last year. Adjusted net income of $1.5 million, or $0.08 per share, versus $1.2 million, or $0.07 per share in 3Q20. We had forecast $0.02 and $0.05 respectively.
Bressner, Disguise Drive Results. Bressner revenue rose 60% y-o-y contributing a record $6.7 million in the quarter, driven by an expanded European customer base. Disguise contributed $3.2 million to revenue in the quarter, quadrupling from a low of $800,000 in the year ago quarter. The majority of Disguise revenue was from sales of the new virtual products. The return to live events should be ...
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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.