earnings
confidence high
sentiment positive
materiality 0.75
OSS reports record 2021 revenue of $62M, net income of $2.3M, adj. EBITDA triples to $4.9M
ONE STOP SYSTEMS, INC.
- Full-year revenue up 19% to $62.0M; Q4 revenue $17.8M (+28% YoY); Q4 GAAP net loss $386k.
- Non-GAAP net income $3.1M ($0.16 diluted) vs $1.4M ($0.08) in 2020; adj. EBITDA $4.9M (8% of revenue).
- Q1 2022 revenue guidance ~$16.8M, representing 26% growth YoY; expects normalizing gross margins.
- 14 new $1M+ programs won in 2021, 6 in Q4; AI Transportable pipeline expanded to record 29 opportunities.
- Revenue from second and third largest military customers grew ~50%; Bressner subsidiary up 29% annually.