One Stop Systems (OSS) is one of our biggest AI discoveries in history it expects to report 4Q 2024 revenue of $15 million vs. 4Q 2023 revenue of $13.16 million. This will return the company to positive year-over-year revenue growth of approximately 13.98%.
OSS in 4Q 2023 saw a year-over-year revenue decline of 27.91%. This was the main reason OSS had trouble continuing its February 2024 rally and peaked at a 52-week high of $4.58 per share for a gain of only 112% from NIA's February 13th suggestion price of $2.16 per share.
On Tuesday, OSS had important news that has been overlooked by investors. OSS received a new purchase order valued at $200,000, with deliveries expected in 4Q 2024 and said that it "expects several additional orders from this customer in 2025 and 2026 of similar or greater amounts." The initial $200,000 sounds like it will add to the $15 million in 4Q 2024 revenue that was previously projected last month.
OSS is supporting a leading Asian defense contractor with its all-in-one modular system designed to convert manned vessels into unmanned surface vessels (USV) for autonomous missions. The application integrates various mission controls and payloads for a wide range of applications to support defense, public safety, and security operations, allowing vessels to maneuver autonomously, intelligently and safely at sea. OSS will initially provide 8U of hardware for each USV, which includes two rugged 3U Short Depth Servers (SDS) and two redundant ethernet switches for high-speed data ingest and interpretation of data from over 30 cameras. The rugged system from OSS is designed to perform reliably in an ambient temperature of over 40°C and delivers the necessary computing power to support the USV’s computer vision and navigation system.
OSS generated positive free cash flow last quarter of $822,000 vs. BigBear.ai (BBAI) reporting negative free cash flow last quarter of ($6.204 million)!
OSS has a large net cash position vs. BBAI having a large net debt position!
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