Company profile

Ticker
OSS
Exchange
CEO
David K. Raun
Employees
Location
Fiscal year end
Industry (SIC)
Former names
One Stop Systems Inc
SEC CIK

OSS stock data

(
)

Calendar

6 Aug 20
27 Sep 20
31 Dec 20

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Sep 20 Morrison John W Jr. Common Stock Payment of exercise Aquire F No 2.3 3,123 7.18K 66,437
15 Sep 20 Morrison John W Jr. Common Stock Payment of exercise Aquire F No 2.3 3,123 7.18K 63,314
15 Sep 20 Morrison John W Jr. RSU Common Stock Option exercise Dispose M No 0 4,164 0 0
15 Sep 20 Morrison John W Jr. RSU Common Stock Option exercise Dispose M No 0 4,164 0 0
27 Aug 20 Reardon James M Common Stock Payment of exercise Aquire F No 2.56 788 2.02K 1,118,699
27 Aug 20 Reardon James M RSU Common Stock Option exercise Dispose M No 0 833 0 2,501
27 Aug 20 Jim Ison Common Stock Payment of exercise Aquire F No 2.56 1,876 4.8K 22,820
27 Aug 20 Jim Ison Common Stock Payment of exercise Aquire F No 2.56 1,331 3.41K 20,944
27 Aug 20 Jim Ison RSU Common Stock Option exercise Dispose M No 0 2,500 0 12,500
27 Aug 20 Jim Ison RSU Common Stock Option exercise Dispose M No 0 1,667 0 4,999
31.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 27 23 +17.4%
Opened positions 7 7
Closed positions 3 5 -40.0%
Increased positions 9 6 +50.0%
Reduced positions 5 4 +25.0%
13F shares
Current Prev Q Change
Total value 7.62M 10.01M -23.9%
Total shares 5.29M 4.92M +7.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Bard Associates 1M $1.44M +0.7%
Wasatch Advisors 911.35K $1.31M -12.7%
Herald Investment Management 746.23K $1.07M -3.9%
Pacific Ridge Capital Partners 716.64K $1.03M +8.6%
Anfield Capital Management 541.25K $779K -2.3%
Kennedy Capital Management 471.57K $679K +1.8%
Vanguard 229.14K $330K +104.0%
Essex Investment Management 184.74K $266K NEW
Mesirow Financial Investment Management 101.18K $146K NEW
MYDA Advisors 95.8K $138K -22.7%
Largest transactions
Shares Bought/sold Change
Essex Investment Management 184.74K +184.74K NEW
Wasatch Advisors 911.35K -132.94K -12.7%
Vanguard 229.14K +116.79K +104.0%
Mesirow Financial Investment Management 101.18K +101.18K NEW
Pacific Ridge Capital Partners 716.64K +56.77K +8.6%
Renaissance Technologies 58.91K +43.49K +282.0%
JPM JPMorgan Chase & Co. 35.22K +35.22K NEW
Herald Investment Management 746.23K -30K -3.9%
MYDA Advisors 95.8K -28.2K -22.7%
Geode Capital Management 65.68K +16.25K +32.9%

Financial report summary

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Risks
  • 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.
  • We rely on a limited number of parts suppliers to support our manufacturing and design processes.
  • Our future success depends on our ability to develop and successfully introduce new and enhanced products that meet the needs of our customers.
  • 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.
  • Our election to not opt out of the extended accounting transition period under the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, may make our financial statements difficult to compare to other companies.
  • 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.
  • Many of our proprietary designs are in digital form and the breach of our computer systems could result in these designs being stolen.
  • 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.
  • We are subject to governmental export and import controls that could impair our ability to compete in international markets due to licensing requirements and subject us to liability if we are not in compliance with applicable laws.
  • 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.
  • We have never paid cash dividends on our capital stock, and we do not anticipate paying cash dividends in the foreseeable future.
  • 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 are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
Management Discussion
  • For the three month period ended June 30, 2020, total revenue decreased $3,260,909 or 21.9%, as compared to the same period in 2019. The decrease was primarily driven by reduced revenue from OSS’ core media and entertainment business and data storage units of $3,088,973 or 20.8 percentage points of the decrease.  Bressner contributed an additional $336,155 or 2.3 percentage points increase for the quarter as compared to the prior year and CDI had a reduction in revenue of $508,091 or 3.4 percentage point decrease of the total reduction in revenue.    
  • For the six month period ended June 30, 2020, total revenue increased $40,829 or less than 1%, as compared to the same period in 2019. During the six months ended June 30, 2020, OSS’s has experienced a reduction in revenue of approximately $4,100,000 from its two largest customers.  These decreases have been offset by new business opportunities associated with the Company’s AI on the fly products and as a result OSS experienced a net decrease in revenue for the period of $500,782 or approximately 2.0 percentage points.  Bressner contributed $727,210 or an increase of 2.9 percentage points and CDI had a decrease of $185,599 or 0.8 percentage points of the total increase in revenue.    
  • Cost of revenue decreased $1,172,946 or 12.4%, for the three month period ended June 30, 2020 as compared to the same period in 2019. The decrease in cost of revenue was primarily driven by cost of revenue from OSS’ core business which had a reduction of $1,128,236 or 11.9 percentage points of the decrease as a result of the reduction in media and entertainment sales and sales of data storage units.  Bressner contributed an increase of $454,785 or 4.8 percentage points and CDI had a reduction in costs of $499,495 or 5.3 percentage points of the total decrease in cost of revenue.    
Content analysis ?
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