One Stop Systems Inc Up 3.04% To $2.03 After Earnings Beat

Friday, November 10, 2023 - One Stop Systems Inc (OSS) reported upside earnings and revenues today.

One Stop Systems Inc's earnings came in at an EPS loss of $0.03 per share, 40.00% higher than estimates for an EPS loss of $0.05 per share. The firm's earnings are down 200% since reporting $0.03 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus estimates for One Stop Systems Inc revenue averaged out to $13.5 million, with the business managing to beat those expectations with reported third-quarter revenue of $13.7 million. The $248 thousand (2%) positive revenue surprise led to negative 27% growth year-over-year as the firm reported revenue of $18.8 million in its year-ago quarter. The lower earnings growth compared to revenue points to One Stop Systems Inc not being able to improve its profit margin.

The stock is up 3.04% to $2.03 after the report.

One Stop Systems Inc's profit margins took a hit as earnings fell at a faster pace than revenues.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 47. Meanwhile, the average Wall Street analyst rated the stock a Buy.

One Stop Systems Inc designs and manufactures innovative Artificial intelligence (AI) Transportable edge computing modules and systems, including ruggedized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator SAN, NAS and data recording software for AI workflows. These products are used for AI data set capture, training, and large-scale inference in the defense, oil and gas, mining, autonomous vehicles and rugged entertainment applications. The company enables AI on the Fly by bringing AI datacenter performance to the edge, especially on mobile platforms, and by addressing the entire AI workflow, from high-speed data acquisition to deep learning, training and inference. Its products are available directly or through global distributors.