One Stop Systems Q1 revenue $12.7M (-24.6% YoY); net loss widens to $1.3M; guides Q2 rev ~$13M

ONE STOP SYSTEMS, INC.

2024-Q1 EPS reported -$0.06 revenue$12,651,786

Q1 revenue $12.7M, down 24.6% YoY; net loss $1.3M ($0.06) vs loss $0.4M ($0.02) YoY.
OSS segment revenue fell 35.9% to $5.5M; Bressner fell 12.7% to $7.1M.
Adjusted EBITDA loss $456K vs positive $633K in prior year.
Q2 2024 revenue guidance ~$13.0M; expects sequential growth and positive consolidated EBITDA in coming quarters.
Won pilot for liquid immersion-cooled storage for ground station; $300K order for autonomous truck cooling system; hired Craig Powell.

item 2.01 item 7.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ONE STOP SYSTEMS, INC. reported the first quarter ended March 31, 2024 results: revenue $12.7 million, net income a net loss of $1.3 million, or $0.06 per share, EPS $0.06 per share. Guidance initiated.

Period: the first quarter ended March 31, 2024
Revenue: $12.7 million
Net income: a net loss of $1.3 million, or $0.06 per share
EPS: $0.06 per share
Guidance: initiated
Result: reported results

Exact text from the filing

within international defense and C5ISR market verticals, joined the Company as Business Development Executive. 2024 First Quarter Financial Summary Consolidated revenue was $12.7 million, a 24.6% decline from the prior year period. The year-over-year reduction in revenue was primarily a result of quarterly order fluctuations from a large defense customer and

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Source: SEC EDGAR

accession 0000950170-24-056906

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