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One Stop Systems (OSS)

One Stop Systems, Inc. (OSS) designs and manufactures innovative specialized high-performance edge computing modules and systems, including customized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator storage software. These products are used for deep learning, AI, defense, finance, and entertainment applications, and empower scientists, engineers, creators and other professionals to push the boundaries of their industries.

Company profile

Ticker
OSS
Exchange
CEO
David Raun
Employees
Location
Fiscal year end
Industry (SIC)
Former names
ONE STOP SYSTEMS INC
SEC CIK
Subsidiaries
Concept Development, LLC • One Stop Systems, GmbH • Bressner Technology GmbH ...

OSS stock data

Calendar

11 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.87M 2.87M 2.87M 2.87M 2.87M 2.87M
Cash burn (monthly) (no burn) 91.69K (no burn) (no burn) 852.65K 395.18K
Cash used (since last report) n/a 133.17K n/a n/a 1.24M 573.97K
Cash remaining n/a 2.74M n/a n/a 1.64M 2.3M
Runway (months of cash) n/a 29.9 n/a n/a 1.9 5.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jul 22 Jim Ison Common Stock Option exercise Acquire M Yes No 0.46 12,609 5.8K 90,133
28 Jul 22 Jim Ison Employee Stock Option Common Stock Option exercise Dispose M No No 0.46 12,609 5.8K 32,848
22 Jul 22 Cooper Steve D One Stop Systems, Inc Sell Dispose S Yes No 3.95 2,210 8.73K 2,740,037
29 Jun 22 David Raun Common Stock Payment of exercise Dispose F No No 3.96 29,655 117.43K 430,584
29 Jun 22 David Raun Common Stock Option exercise Acquire M No No 0 68,688 0 460,239
29 Jun 22 David Raun RSU Common Stock Option exercise Dispose M No No 0 68,688 0 137,374
23 May 22 Morrison John W Jr. Common Stock Payment of exercise Dispose F No No 4.3 3,058 13.15K 189,645
23 May 22 Jim Ison Common Stock Gift Acquire G Yes No 0 2,811 0 77,524
23 May 22 Jim Ison Common Stock Gift Dispose G No No 0 2,811 0 86,000
23 May 22 Jim Ison Common Stock Payment of exercise Dispose F No No 4.3 2,189 9.41K 88,811
26.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 32 36 -11.1%
Opened positions 5 9 -44.4%
Closed positions 9 4 +125.0%
Increased positions 8 8
Reduced positions 7 7
13F shares Current Prev Q Change
Total value 20.5M 66.77M -69.3%
Total shares 5.21M 5.02M +3.7%
Total puts 29.6K 40.7K -27.3%
Total calls 34.2K 51.5K -33.6%
Total put/call ratio 0.9 0.8 +9.5%
Largest owners Shares Value Change
Bard Associates 986.81K $3.77M -0.2%
Pacific Ridge Capital Partners 653.27K $2.5M +1.0%
Herald Investment Management 626.23K $2.39M 0.0%
Lynrock Lake 620.5K $2.37M +39.8%
Anfield Capital Management 541.25K $2.68M 0.0%
Vanguard 499.73K $1.91M -0.6%
Renaissance Technologies 247.7K $946K -41.2%
Russell Investments 242.47K $925K NEW
Essex Investment Management 192.11K $734K +2.5%
Geode Capital Management 114.58K $437K +3.3%
Largest transactions Shares Bought/sold Change
Russell Investments 242.47K +242.47K NEW
Lynrock Lake 620.5K +176.66K +39.8%
Renaissance Technologies 247.7K -173.88K -41.2%
Boston Partners 91.95K +91.95K NEW
King Luther Capital Management 0 -70K EXIT
Millennium Management 58.21K -38.73K -40.0%
Two Sigma Advisers 0 -38.6K EXIT
LPLA LPL Financial 0 -38K EXIT
Ayrton Capital 49.32K +20.76K +72.7%
Occudo Quantitative Strategies 0 -20K EXIT

Financial report summary

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Risks
  • We may be adversely affected by the effects of inflation.
  • The market for our products is developing and may not develop as we expect.
  • Our operating results may fluctuate significantly, which makes our future operating results difficult to predict and could cause our operating results to fall below expectations or our guidance.
  • Our products are subject to competition, including competition from the customers to whom we sell.
  • New entrants and the introduction of other distribution models in our markets may harm our competitive position.
  • If we are unable to manage our growth and expand our operations successfully, our business and operating results will be harmed, and our reputation may be damaged.
  • A limited number of customers represent a significant portion of our sales. If we were to lose any of these customers, our sales could decrease significantly.
  • Some of our contracts allow our customers to have access to the design drawings for products which we have designed and manufacture for them.
  • Our future success depends on our ability to develop and successfully introduce new and enhanced products that meet the needs of our customers.
  • Delays in our production cycle could result in outdated equipment or decreased purchases of our products.
  • Unsuccessful government programs or OEM contracts could lead to reduced revenues.
  • Our inventory may rapidly become obsolete.
  • We offer an extended product warranty to cover defective products at no cost to the customer. An unexpected change in failure rates of our products could have a material adverse impact on our business.
  • If we fail to achieve design wins for our products, our business will be harmed.
  • If we cannot retain, attract, and motivate key personnel, we may be unable to effectively implement our business plan.
  • We have made in the past, and may make in the future, acquisitions which could require significant management attention, disrupt our business, result in dilution to our stockholders, deplete our cash reserves and adversely affect our financial results.
  • The continuing commoditization of HPC hardware and software has resulted in increased pricing pressure and may adversely affect our operating results.
  • If we are unable to protect our proprietary design and intellectual property rights, our competitive position could be harmed, or we could be required to incur significant expenses to enforce our rights.
  • Our proprietary designs are susceptible to reverse engineering by our competitors.
  • If we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.
  • Claims by others that we infringe their intellectual property or trade secret rights could harm our business.
  • We are generally obligated to indemnify our channel partners and end-customers for certain expenses and liabilities resulting from intellectual property infringement claims regarding our products, which could force us to incur substantial costs.
  • Our international sales and operations subject us to additional risks that can adversely affect our operating results and financial condition.
  • New regulations or standards or changes in existing regulations or standards in the United States or internationally related to our suppliers’ products may result in unanticipated costs or liabilities, which could have a material adverse effect on our business, operating results and future sales, and could place additional burdens on the operations of our business.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws.
  • The price of our common stock may be volatile, and you could lose all or part of your investment.
  • Our directors and principal stockholders own a significant percentage of our stock and will be able to exert significant control over matters subject to stockholder approval.
  • If securities or industry analysts issue an adverse opinion regarding our stock or do not publish research or reports about our Company, our stock price and trading volume could decline.
  • Substantial future sales of shares of our common stock could cause the market price of our common stock to decline.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our inability to raise additional capital on acceptable terms in the future may limit our ability to develop and commercialize new solutions and technologies and expand our operations.
  • We have never paid, and do not expect to pay, any cash dividends to holders of our common stock for the foreseeable future.
Management Discussion
  • For the year ended December 31, 2021, our total revenue increased $10,086,716, or 19.4%, as compared to the same period in 2020.  OSS saw an increase in revenue of $4,841,985, or 14.4%, as compared to the prior year in 2020.  The majority of this increase is primarily attributable to an increase in orders and shipments of product by and to our media and entertainment customers and government OEM suppliers, resulting in a change in the mix of our product sales and distribution as compared to the prior year, which was more severely impacted by the COVID-19 pandemic.  Bressner experienced an increase of $5,244,731, or 28.7%, as compared to the prior year in 2020.  This increase is primarily attributable to general economic improvements in Europe resulting from the diminishing impact of the COVID-19 pandemic in the business environment and procuring large, one-time orders.

Content analysis

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