One Stop Systems Q3 net loss $6.8M; inventory charge $6.1M; CFO transition announced

ONE STOP SYSTEMS, INC.

2024-Q3 EPS reported -$0.50 revenue$39,554,213

Consolidated Q3 2024 revenue $13.7M, flat YoY; OSS segment revenue up 17.5% to $6.46M.
GAAP EPS -$0.32 vs -$0.18 YoY; adjusted EBITDA loss $6.0M inclusive of $6.1M inventory charge.
Q4 2024 guidance: consolidated revenue ~$15M, OSS segment revenue >$7M (9% YoY growth).
CFO John Morrison retiring effective Nov 11, replaced by Daniel Gabel (ex-Raytheon, Honeywell).
Gabel receives $315k base salary, 40,000 RSUs; separation terms detailed in employment agreement.

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.

Departed

John Morrison

Chief Financial Officer

OSS · ONE STOP SYSTEMS, INC.

Effective: 2024-11-11
Successor: Daniel Gabel
Filed: November 6, 2024, 6:59 PM ET

On November 4, 2024, John Morrison notified the Company of his decision to resign from his role as Chief Financial Officer of the Company, effective November 11, 2024 (the "Effective Date").

Appointed

Daniel Gabel

Chief Financial Officer

OSS · ONE STOP SYSTEMS, INC.

Effective: 2024-11-11
Filed: November 6, 2024, 6:59 PM ET

Effective as of the Effective Date, Daniel Gabel has been appointed as the Company’s new Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John Morrison resigned as Chief Financial Officer at ONE STOP SYSTEMS, INC..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On November 4, 2024, John Morrison notified the Company of his decision to resign from his role as Chief Financial Officer of the Company, effective November 11, 2024 (the "Effective Date").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Daniel Gabel was appointed as Chief Financial Officer at ONE STOP SYSTEMS, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective as of the Effective Date, Daniel Gabel has been appointed as the Company’s new Chief Financial Officer.

View on SEC.gov

ONE STOP SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-121832

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