OSS Q1 revenue $16.8M, net loss $401K, guides Q2 $17.5M

ONE STOP SYSTEMS, INC.

2023-Q1 EPS reported -$0.02 revenue$16,781,894

Revenue $16.8M, slightly above $16.6M guidance; net loss $401K ($0.02/sh) vs net income $579K ($0.03) YoY.
Gross margin improved to 30.2% (+290 bps sequentially) on higher AI transportable mix.
Adjusted EBITDA $530K vs $1.4M; cash & investments $12.7M.
Seven new major program wins expected to yield ~$5M revenue; $3M military radar order and $1.3M U.S. Army contract.
Q2 revenue guidance $17.5M; management sees 20-30% growth rates for 2024+ from $850M pipeline.

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 0.95

ONE STOP SYSTEMS, INC. reported first quarter ended March 31, 2023 results: revenue $16.8 million, net income Net loss on a GAAP basis was $401,000 or $(0.02) per share, EPS $(0.02).

Period: first quarter ended March 31, 2023
Revenue: $16.8 million
Net income: Net loss on a GAAP basis was $401,000 or $(0.02) per share
EPS: $(0.02)
Result: reported results

Exact text from the filing

The company will hold a conference call at 5:00 p.m. Eastern time today to discuss the results (see dial-in information below). Q1 2023 Financial Highlights • Revenue totaled $16.8 million. • Gross profit flat at $5.1 million. • Gross margin increased 10 basis points and sequentially by 290 basis points to 30.2%, attributable to a greater mix of AI transportable

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Source: SEC EDGAR

accession 0001193125-23-142002

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