secwatch.observer — SEC 8-K summary
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Issuer:     ONE STOP SYSTEMS, INC. (OSS)
CIK:        0001394056
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056906
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.01, 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394056/000095017024056906/0000950170-24-056906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394056/000095017024056906/oss-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer