One Stop Systems, Inc. Provides Earnings Guidance for the Second Quarter of 2024
May 10, 2024 at 01:34 am IST
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One Stop Systems, Inc. provided earnings guidance for the second quarter of 2024. The Company anticipated revenue of approximately $13.0 million in the second quarter of 2024. The Company?s revenue guidance for the second quarter of 2024 includes expected program delays from certain defense customers as a result of the prolonged U.S. government budgeting process and continuing resolution for fiscal year 2024, and softer European customer demand over the near-term.
One Stop Systems, Inc. designs, manufactures, and markets specialized rugged high-performance compute (HPC), high-speed switch fabrics and storage systems, which are designed to target edge applications for artificial intelligence (AI) / machine learning, sensor processing, sensor fusion and autonomy. It offers specialized modules and systems that consist of computers, switch fabrics and storage products that incorporate components with embedded proprietary software. The Company operates through two segments: OSS design and manufactures high-performance customized computers and flash arrays, in-flight entertainment & connectivity. Bressner operates as a system integrator with standard and custom all-in-one hardware systems and components for many kinds of industrial environments. Its products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications.