One Stop Systems Q3 revenue down 27% to $13.7M, net loss $3.6M; goodwill impairment $2.9M

ONE STOP SYSTEMS, INC.

2023-Q3 EPS reported -$0.32 revenue$47,741,589

Revenue $13.7M, down 26.9% YoY; net loss $3.6M ($0.18 EPS) vs net income $133K in prior year.
Goodwill impairment charge of $2.9M; $418K employee retention credit partially offset.
Non-GAAP net loss $597K ($0.03 EPS); Adjusted EBITDA loss $248K.
Board temporarily expanded to 8, appoints Joseph Manko (Horton Capital) effective Nov 10, 2023; plans to add another director with defense expertise.
Awarded first foreign navy program, follow-on Navy P-8A storage order, and new AI server order from auto racing industry.

item 2.02 item 7.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Joseph Manko

director

OSS · ONE STOP SYSTEMS, INC.

Effective: 2023-11-10
Filed: November 9, 2023, 6:59 PM ET

the Board appointed Joseph Manko as a director of the Company, effective November 10, 2023

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONE STOP SYSTEMS, INC. reported third quarter ended September 30, 2023 results: revenue $13.7 million, EPS $(0.03) per share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $13.7 million
EPS: $(0.03) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

a clear competitive advantage with our proprietary technologies and field-proven platforms. “Despite the expected challenges during this transitionary period, we achieved $13.7 million in revenue in Q3, while effectively executing our cost containment plan. In all, we believe we are on the right trajectory and are encouraged by our pipeline of opportunities

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Manko was appointed as director at ONE STOP SYSTEMS, INC..

Action: appointed
Role: director

Exact text from the filing

the Board appointed Joseph Manko as a director of the Company, effective November 10, 2023

View on SEC.gov

Browse all earnings releases →

ONE STOP SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-062013

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.