OSS Q1 revenue up 28% to record $17.1M; GAAP net income $579K vs $41K YoY

ONE STOP SYSTEMS, INC.

2022-Q1 EPS reported $0.03 revenue$17,052,677

Revenue $17.1M (+28% YoY); GAAP EPS $0.03 vs $0.00; Non-GAAP EPS $0.05 vs $0.03.
Adjusted EBITDA $1.4M vs $1.1M; gross profit $5.1M but margin down to 30.1% from 33.3%.
Six new program wins including four in autonomous trucking; shipping to three leaders.
Bressner Europe revenue up 37.3% to $6.5M; core OSS revenue up 23% to $10.6M.
Q2 guidance: revenue ~$17.3M, representing 15% growth over prior year quarter.

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