Friday, August 13, 2021
One Stop Systems Inc. (OSS)
Second Quarter Tops Estimates; Raising PT
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.
2Q21 Results. Revenue totaled $14.9 million, up 12% sequentially and 28% year-over-year. OSS reported GAAP EPS of $0.09 compared to $0.00 last year. Adjusted EPS for the second quarter of 2021 was $0.04, compared to $0.01 last year. Adjusted EBITDA rose to $1.4 million, up $1.3 million year-over-year. We had projected revenue of $14.4 million and adjusted EPS $0.03.
Business Pipeline. During the quarter, One Stop Systems won three more $1+ million programs, bringing the YTD total to six. One of the wins was with a major vehicle supplier in Germany, expanding the Company’s footprint in the autonomous vehicle market. The pipeline remains robust with some 17 $1+ million opportunities being worked on …
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.
