secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONE STOP SYSTEMS, INC. (OSS)
CIK:        0001394056
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001193125-22-282562
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394056/000119312522282562/0001193125-22-282562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394056/000119312522282562/d601287d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-282562

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