ONE STOP SYSTEMS, INC. OSS
One Stop Systems, Inc. ("we," "our," "OSS," or the "Company") was originally incorporated as a California corporation in 1999, after initially being formed as a California limited liability company in 1998. On December 14, 2017, the Company was reincorporated as a Delaware corporation in connection with its initial public offering. The Company designs, manufactures, and markets specialized rugged high-performance compute ("HPC"), high speed switch fabrics, and storage systems, which are designed to target edge applications for artificial intelligence ("AI") / machine learning ("ML"), sensor processing, sensor fusion, and autonomy. The Company markets its products to manufacturers of equipment and platforms used for autonomous vehicles, medical, industrial, aerospace, and defense applications, with special focus on platforms that move, such as planes, unmanned aerial vehicles (UAVs), trucks, ships, submarines, and mobile datacenters or command posts where sensor processing, sensor fusion, AI, and ML are integrated to support such applications. If an application needs sensor processing, AI, and/or autonomous capabilities, and it moves, OSS aims to deliver the highest performance solutions that are designed to survive these challenging environments.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.2M | $24.6M | $60.9M | $72.4M | $62.0M | $51.9M | $58.3M | $37.0M | $27.5M | — |
| Cost of revenue | $16.2M | $23.9M | $42.9M | $52.0M | $42.3M | $35.5M | $38.9M | $25.7M | $18.9M | — |
| Gross profit | $16.0M | $622.9K | $18.0M | $20.4M | $19.6M | $16.4M | $19.4M | $11.3M | $8.7M | — |
| R&D | $5.4M | $3.5M | $4.3M | $4.7M | $4.0M | $4.3M | $4.8M | $4.0M | $2.7M | — |
| SG&A | $7.4M | $7.2M | $9.3M | $7.3M | $7.7M | $8.4M | $8.5M | $6.5M | $3.5M | — |
| Total operating expenses | $19.4M | $16.3M | $25.9M | $18.8M | $17.9M | $16.9M | $20.2M | $14.5M | $9.1M | — |
| Operating income | -$3.4M | -$15.7M | -$7.9M | $1.6M | $1.7M | -$424.3K | -$779.0K | -$3.2M | -$450.4K | — |
| Interest expense | $2.5K | $4.0K | $117.8K | $162.4K | $527.1K | $550.8K | $165.6K | $65.7K | $199.3K | — |
| Pre-tax income | -$3.1M | -$15.2M | -$5.8M | $2.2M | $2.9M | -$610.3K | -$663.1K | -$3.0M | -$619.3K | — |
| Income tax | $11.3K | $2.6K | $927.1K | $4.4M | $605.7K | $603.7K | $237.3K | $1.4M | $402.7K | — |
| Net income | $5.1M | -$13.6M | -$5.1M | -$2.2M | $2.3M | -$6.5K | -$900.3K | -$1.1M | $96.6K | — |
| EPS, basic | 0.23 | -0.65 | -0.32 | -0.11 | 0.13 | 0.00 | -0.06 | -0.09 | 0.02 | — |
| EPS, diluted | 0.22 | -0.65 | -0.32 | -0.11 | 0.12 | 0.00 | -0.06 | -0.09 | 0.01 | — |
| Shares, diluted (wtd. avg.) | 23.2M | 21.4M | 20.9M | 19.7M | 19.5M | 16.5M | 15.1M | 12.6M | 10.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $31.2M | $4.0M | $4.0M | $3.1M | $5.1M | $6.3M | $5.2M | $2.3M | $185.7K | $14.2K |
| Short-term investments | $0 | $3.2M | $7.8M | $10.1M | $14.5M | — | — | — | — | — |
| Receivables | $11.5M | $4.2M | $8.3M | $11.3M | $5.1M | $7.5M | $11.7M | $10.5M | $5.2M | — |
| Inventory | $5.4M | $5.7M | $21.7M | $20.8M | $12.3M | $9.6M | $7.4M | $6.8M | $3.7M | — |
| Total current assets | $50.8M | $32.2M | $42.4M | $45.8M | $37.6M | $24.1M | $24.7M | $20.3M | $10.1M | — |
| Property, plant and equipment | $674.7K | $1.3M | $2.4M | $2.6M | $3.1M | $3.5M | $3.6M | $1.8M | $1.6M | — |
| Goodwill | — | $1.5M | $1.5M | $7.1M | $7.1M | $7.1M | $7.1M | $7.9M | $3.3M | — |
| Other intangibles | $73.9K | $0 | $0 | $42.2K | $105.4K | $662.3K | $1.3M | $3.5M | $608.4K | — |
| Total assets | $52.8M | $36.9M | $48.3M | $56.4M | $51.6M | $39.1M | $39.8M | $36.1M | $16.9M | — |
| Accounts payable | $1.7M | $955.1K | $1.2M | $4.6M | $2.1M | $976.4K | $4.1M | $3.7M | $3.9M | — |
| Short-term debt | — | — | — | $3.0M | $3.7M | $3.6M | $2.0M | — | — | — |
| Total current liabilities | $5.6M | $8.2M | $6.9M | $11.1M | $9.6M | $7.8M | $10.7M | $9.2M | $9.9M | — |
| Long-term debt | — | — | — | $409.3K | $3.7M | $2.0M | $358.0K | — | — | — |
| Total liabilities | $6.8M | $9.8M | $8.7M | $12.0M | $9.6M | $9.8M | $11.0M | $9.5M | $10.3M | — |
| Retained earnings | -$17.0M | -$22.1M | -$8.4M | -$1.7M | $571.0K | -$1.8M | -$1.8M | -$854.9K | $281.4K | — |
| Total equity | $46.0M | $27.2M | $39.6M | $44.3M | $42.0M | $29.3M | $28.8M | $26.6M | $6.6M | $5.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.6M | -$2.6M | -$439.7K | -$7.8M | $5.6M | -$250.2K | $2.4M | -$3.9M | -$381.8K | — |
| Depreciation and amortisation | $771.6K | $927.3K | $1.1M | $987.1K | $923.7K | $922.6K | $671.2K | — | — | — |
| Stock-based compensation | $1.8M | $1.9M | $2.3M | $2.0M | $1.7M | $724.4K | $649.5K | $527.3K | $160.1K | — |
| Capital expenditure | $114.6K | $228.3K | $821.8K | $529.9K | $563.8K | $820.3K | $2.4M | $623.2K | $425.5K | — |
| Investing cash flow | $3.0M | $4.3M | $1.5M | $3.9M | -$15.1M | -$818.8K | -$2.4M | -$5.9M | -$425.5K | — |
| Financing cash flow | $11.9M | -$229.0K | -$171.3K | $1.9M | $8.4M | $2.1M | $2.9M | $11.9M | $978.8K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-114051.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $27.5M | $37.0M | $58.3M | $51.9M | $62.0M | $72.4M | $60.9M | $24.6M | $32.2M |
| Gross profit | — | $8.7M | $11.3M | $19.4M | $16.4M | $19.6M | $20.4M | $18.0M | $622.9K | $16.0M |
| Net income | — | $96.6K | -$1.1M | -$900.3K | -$6.5K | $2.3M | -$2.2M | -$5.1M | -$13.6M | $5.1M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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