One Stop Systems Stock Earnings Reports

One Stop Systems (OSS) reported a strong Q3 2025: consolidated revenue of $18.8M (up 36.9% YoY), OSS segment revenue up 43.4% YoY, improved gross margins (consolidated 35.7%; OSS segment 45.6%), positive adjusted EBITDA ($1.2M) and GAAP net income of $0.3M. Management raised full‑year 2025 revenue guidance to $63M–$65M and reaffirmed expectations for positive annual EBITDA. Key operational drivers include sustained bookings (OSS trailing 12‑month book‑to‑bill of 1.4), recurring program traction (notably >$50M lifetime contracted revenue on the P‑8 platform and a >$25M medical imaging program), newer commercial wins (initial orders with Safran Federal Systems and a Canadian cabin systems integrator), and expanding product efforts in high‑density GPU/AI expansion (Ponto and upcoming Gen 6 systems). OSS increased R&D investment in 2025 and completed a registered direct offering post‑quarter, raising roughly $12.5M gross to strengthen the balance sheet and support growth and disciplined M&A. The European Bressner unit showed recovery and sequential strength. Primary near‑term risk is timing uncertainty from the U.S. government shutdown (may delay sole‑source awards but management treats this as timing, not demand, risk). Management expects continued revenue growth into 2026 (targeting ~20%–30% growth for OSS) with potential for OSS to achieve sustained EBITDA positivity if bookings convert as anticipated.