Friday, March 26, 2021
One Stop Systems Inc. (OSS)
Steadily Improving Operating Environment
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.
4Q20 Results. Fourth quarter revenue of $13.9 million, up 17% sequentially, down 24% y-o-y, and above guidance. Net income was $244,000, or $0.01 per share. On an adjusted EPS basis, 4Q20 diluted EPS was $0.04 versus diluted adjusted EPS of $0.07 for 4Q19. Although the top line exceeded our expectation, net income was below our projection. We were at $13.5 million of revenue and EPS of $0.05, while consensus was $13.2 million and $0.04, respectively.
New Wins. OSS added four new $1+ million wins in the quarter, increasing the total to 16 for the year, the same as in 2019, a strong accomplishment in a COVID impacted year, in our view. The 32 program wins over the past two years contributed $18 million to 2020 revenue, including $12 million from new customers …
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.
