One Stop Systems reports Q2 net loss of $2.4M; revenue $17.2M, down 6% YoY; guidance Q3 $13.5M

ONE STOP SYSTEMS, INC.

2023-Q2 EPS reported -$0.14 revenue$33,993,426

GAAP net loss $2.4M ($0.12 per share) vs net income $323k in Q2 2022; non-GAAP net loss $84k.
Revenue $17.2M, up 2.3% sequentially but down 6% YoY; OSS Classic revenue fell 22.8%, OSS Europe up 17.7%.
Goodwill impairment charge of $2.7M; operating expenses rose 71% to $8.2M.
Q3 2023 revenue guided to ~$13.5M due to delays in defense and commercial orders.
Board appointments: Michael Knowles (CEO) and Vice Admiral Dumont; two directors stepping down.

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 Q2 2023 results: revenue $17.2 million, net income $(0.12) per share, EPS $(0.12) per share.

Period: Q2 2023
Revenue: $17.2 million
Net income: $(0.12) per share
EPS: $(0.12) per share
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). Q2 2023 Financial Highlights • Revenue totaled $17.2 million, up 2.3% sequentially. • OSS Europe revenue increased 17.7% to $8.9 million compared to the same year-ago quarter, with OSS Classic revenue declining 22.8% to $8.3 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONE STOP SYSTEMS, INC. reported First Half 2023 results: revenue $34.0 million, net income $(0.14) per diluted share, EPS $(0.14) per diluted share.

Period: First Half 2023
Revenue: $34.0 million
Net income: $(0.14) per diluted share
EPS: $(0.14) per diluted share
Result: reported results

Exact text from the filing

First Half 2023 Financial Highlights • Revenue totaled $34.0 million

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ONE STOP SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-209033

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