OSS Q3 revenue rises 18% to record $18.8M; net income falls to $133k from $981k

ONE STOP SYSTEMS, INC.

2022-Q3 EPS reported $0.05 revenue$54,171,864

Q3 revenue record $18.8M (+18% YoY); gross margin 27.0% vs 34.5%, hurt by lower military mix.
GAAP net income $133k ($0.01/sh) vs $981k ($0.05/sh); non-GAAP net income $691k ($0.03/sh) vs $1.5M ($0.08/sh).
Core OSS revenue $10.7M (+15% YoY); Bressner $8.1M (+21%); military shipments delayed, now resuming.
Q4 guidance: revenue ~$19.2M (8% YoY growth); full-year record ~$73.4M (18%+ YoY).
Six new program wins, five for AI Transportables; two autonomous truck customers in top 10; Rigel gaining DOD interest.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONE STOP SYSTEMS, INC. reported the third quarter ended September 30, 2022 results: revenue $18.8 million, net income $133,000, EPS $0.01 per basic and diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $18.8 million
Net income: $133,000
EPS: $0.01 per basic and diluted share
Result: reported results

Exact text from the filing

Q3 2022 Financial Highlights • Revenue increased 18% to a record $18.8 million. • Operating expenses as a percentage of revenue was 26.1% versus 28.1%. • Net income totaled $133,000 or $0.01 per basic and diluted share, as compared to $981,000 or $0.05 per basic and diluted share in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONE STOP SYSTEMS, INC. reported Nine Months Ended September 30, 2022 results: revenue $54.2 million, net income $1.0 million, EPS $0.05 per diluted share.

Period: Nine Months Ended September 30, 2022
Revenue: $54.2 million
Net income: $1.0 million
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

Nine Months Ended September 30, 2022, Financial Highlights • Revenue increased 23% to a record $54.2 million. • Gross profit increased 6% to $15.4 million. • Operating expenses as a percentage of revenue improved to 26.2% compared to 28.9%. • Net income totaled $1.0 million or $0.05 per diluted share, versus $2.7 million or $0.14 per diluted share for the nine months of 2021.

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Source: SEC EDGAR

accession 0001193125-22-282562

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