OSS stock is up in pre-market trading on January 22, 2020, after the company reported a revenue beat in preliminary numbers.
One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized high-performance edge computing, reported preliminary unaudited revenue results for the fourth quarter and for the year ended December 31, 2019.
The company expects record fourth quarter 2019 revenue of approximately $18.4 million, an increase of 28% as compared to the fourth quarter of 2018. For the full year, the company expects record revenue of approximately $58.3 million, an increase of 57% over 2018. The consensus estimate on revenue is $16.53M.
Revenue for both the fourth quarter and full year are expected to exceed the top ranges of the company’s previously issued guidance by approximately $900,000 and $300,000, respectively.
“Our record growth in 2019 resulted from growth of our major customers, new design win revenue and revenue from acquisitions,” said Steve Cooper, OSS president and CEO. “It also reflects our expanding presence in the worldwide market for specialized high-performance edge computing.”
These preliminary unaudited results are estimates only and are subject to revision until the company reports its financial results for the fourth quarter and audited financial results for the year ended December 31, 2019, which it expects to report in March 2020.
One Stop Systems, Inc. (OSS) designs and manufactures innovative specialized high-performance 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.
OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe storage to build award-winning systems, including many industry firsts, for OEMs and government customers. The company enables AI on the Fly® by bringing AI datacenter performance to ‘the edge’ and on mobile platforms, and by addressing the entire AI workflow, from high speed data acquisition to deep learning, training and inference. OSS products are available directly or through global distributors.