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OSS One Stop Systems

One Stop Systems, Inc. engages in the design, manufacture, and marketing of computing systems and components. It operates through the following segments: One Stop Systems (OSS); Concept Development Inc. (CDI); and Bressner Technology GmbH. The OSS segment include manufacture of computing system for computing applications. The Concept Development Inc. segment offers in-flight entertainment systems for commercial aircraft. The company was founded by Stephen D. Cooper and Mark Gunn in 1998 and is headquartered in Escondido, CA.

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

11 Nov 20
28 Feb 21
31 Dec 21
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.52M 5.52M 5.52M 5.52M 5.52M 5.52M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 45.31K (positive/no burn) 225.91K
Cash used (since last report) n/a n/a n/a 225.43K n/a 1.12M
Cash remaining n/a n/a n/a 5.29M n/a 4.4M
Runway (months of cash) n/a n/a n/a 116.9 n/a 19.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Feb 21 Jim Ison Common Stock Payment of exercise Dispose F Yes No 6.21 992 6.16K 31,400
22 Feb 21 Jim Ison Common Stock Option exercise Aquire M Yes No 0 2,500 0 32,392
22 Feb 21 Jim Ison Common Stock Payment of exercise Dispose F Yes No 6.17 594 3.66K 29,892
22 Feb 21 Jim Ison Common Stock Option exercise Aquire M Yes No 0 1,667 0 30,486
22 Feb 21 Jim Ison RSU Common Stock Option exercise Dispose M No No 0 2,500 0 10,000
22 Feb 21 Jim Ison RSU Common Stock Option exercise Dispose M No No 0 1,667 0 3,332
22 Feb 21 Reardon James M Common Stock Payment of exercise Dispose F No No 6.17 220 1.36K 1,119,312
22 Feb 21 Reardon James M Common Stock Option exercise Aquire M No No 0 833 0 1,119,532
22 Feb 21 Reardon James M RSU Common Stock Option exercise Dispose M No No 0 833 0 1,668
22 Feb 21 Morrison John W Jr. Common Stock Payment of exercise Dispose F No No 6.21 914 5.68K 69,611
28.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 30 24 +25.0%
Opened positions 8 5 +60.0%
Closed positions 2 1 +100.0%
Increased positions 7 9 -22.2%
Reduced positions 8 3 +166.7%
13F shares
Current Prev Q Change
Total value 30.59M 9.27M +229.8%
Total shares 4.67M 4.42M +5.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Bard Associates 974.26K $3.9M 0.0%
Herald Investment Management 746.23K $2.97M 0.0%
Pacific Ridge Capital Partners 722.25K $2.89M -9.3%
Anfield Capital Management 541.25K $2.17M 0.0%
Kennedy Capital Management 479.8K $1.92M -3.0%
King Luther Capital Management 300K $1.2M NEW
Vanguard 241.52K $966K +5.3%
Essex Investment Management 148.48K $594K -37.4%
Ariel Investments 88.01K $352K +23.5%
Geode Capital Management 72.85K $291K +10.9%
Largest transactions
Shares Bought/sold Change
King Luther Capital Management 300K +300K NEW
Essex Investment Management 148.48K -88.84K -37.4%
Pacific Ridge Capital Partners 722.25K -73.66K -9.3%
Two Sigma Investments 67.18K +67.18K NEW
Bridgeway Capital Management 29K -41.1K -58.6%
Renaissance Technologies 36K +36K NEW
Two Sigma Advisers 26.5K +26.5K NEW
Ariel Investments 88.01K +16.75K +23.5%
Perritt Capital Management 65K +15K +30.0%
VIRT Virtu Financial 0 -14.92K EXIT

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 September 30, 2020, total revenue decreased $1,962,906 or 13.1%, as compared to the same period in 2019. OSS had a reduction of $759,091 or 5.1 percentage points that was primarily driven by reduced revenue from OSS’ core media and entertainment business.  Bressner experienced a reduction of $1,203,815 or 8.0 percentage points of the decrease for the quarter as compared to the prior year, with the decrease attributable to select contracts coming to maturity in the prior year which were not continued in the current year.  
  • For the nine month period ended September 30, 2020, total revenue decreased $1,922,076 or 4.8%, as compared to the same period in 2019. During the nine months ended September 30, 2020, OSS had experienced a reduction in revenue of $1,445,470 or a decrease of 3.6 percentage points which is attributable to a decline in sales to its two largest customers that was largely due to the impact of the COVID-19 pandemic.  The impact of these declines has been partially offset by new business opportunities associated with the Company’s AI on the fly products.  Bressner had a reduction of $476,606 or a decrease of 1.2 percentage points of the total increase in revenue attributable to select contracts which came to maturity that were not continued in the current year.
  • Cost of revenue decreased $1,834,600 or 18.5%, for the three month period ended September 30, 2020 as compared to the same period in 2019. OSS’ core business experienced a reduction of $961,529 or 9.7 percentage points of the decrease as a result of the reduction in media and entertainment sales.  Bressner’s cost of revenue decreased $873,071 or 8.8 percentage points of the total decrease in cost of revenue The decrease in cost of revenue was primarily driven by reduced sales for the period.
Content analysis
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H.S. sophomore Avg
New words: al, alleging, breach, complying, Court, daily, defend, distancing, edge, forgive, harsh, intraperiod, personal, pleading, Procedural, proceeding, resolution, ruggedized, safety, social, Stephen, strict, submitted, unspecified, vigorously, violation, workplace
Removed: arrangement, complexity, consultation, counsel, disposition, litigation, ordinary, point, spending, threatened, ultimate, unasserted