OSS reports record FY22 revenue $72.4M (+17% YoY), Adj EBITDA $5.2M; guides Q1 rev ~$16.6M

ONE STOP SYSTEMS, INC.

GAAP net loss $2.2M ($0.11/share) includes $3.9M deferred tax asset write-down; non-GAAP net loss $175K.
Q4 revenue $18.2M (+2.7% YoY); Q4 net loss $3.3M ($0.16/share) including same write-down.
Adj EBITDA for FY22 $5.2M (+6%); Q4 Adj EBITDA $1.6M (8.9% of revenue).
Received sole-source five-year Navy contract extension for ruggedized storage; cumulative shipments exceed $30M.
19 new major program wins in 2022, 13 for AI Transportables; engagements with 8 of top 10 U.S. military prime contractors.

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 full year ended December 31, 2022 results: revenue $72.4 million, net income Net loss totaled $2.2 million or $(0.11) per basic and diluted share, EPS $(0.11) per basic and diluted share. Guidance initiated.

Period: the full year ended December 31, 2022
Revenue: $72.4 million
Net income: Net loss totaled $2.2 million or $(0.11) per basic and diluted share
EPS: $(0.11) per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

2022 Financial Highlights • Revenue increased 16.8% to a record $72.4 million. • Gross profit increased 3.9% to $20.4 million. • Operating expenses as a percentage of revenue improved from 28.9% to 26.0%. • Net loss totaled $2.2 million or $(0.11) per basic and diluted share, as compared to net income of $2.3 million or $0.12 per diluted share in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONE STOP SYSTEMS, INC. reported the fourth quarter ended December 31, 2022 results: revenue $18.2 million, net income Net loss totaled $3.3 million or $(0.16) per basic and diluted share, EPS $(0.16) per basic and diluted share. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $18.2 million
Net income: Net loss totaled $3.3 million or $(0.16) per basic and diluted share
EPS: $(0.16) per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Q4 2022 Financial Highlights • Revenue increased 2.7% to $18.2 million. • Gross profit flat at $5.0 million. • Operating expenses improved as a percentage of revenue from 28.7% to 25.3%. • Net loss totaled $3.3 million or $(0.16) per basic and diluted share, as compared to a loss of $386,000 or $(0.02) per basic and diluted share in 2021.

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ONE STOP SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-077904

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