ESCONDIDO, Calif., Jan. 14, 2019 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized
high-performance computing, reported preliminary unaudited revenue results for the fourth quarter and year ended December 31, 2018.
For the fourth quarter, OSS expects record revenue of approximately $14 million, an increase of more than 100% compared to the
fourth quarter of 2017. Organic revenue, which excludes revenue from acquisitions in 2018, is expected to grow more than 40%. For
the full year 2018, the company expects record revenue of approximately $37 million, an increase of more than 30% over 2017, with
organic revenue up more than 17%.
“The three main elements of our growth strategy – OEM customer ramp-up, new design-wins and strategic acquisitions – all
contributed to our record growth for the quarter and year,” said OSS President and CEO, Steve Cooper. “We believe the solid
foundation we laid in 2018 has significantly enhanced stockholder value and has positioned OSS as a leader in specialized
high-performance computing. In fact, over past year, we have more than doubled our run rate, with strong momentum going into
2019.”
About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures high performance compute accelerators, flash storage arrays and customized
servers for deep learning, AI, defense, finance and entertainment applications. OSS utilizes the power of PCI Express, the latest
GPU accelerators and NVMe flash cards to build award-winning systems, including many industry firsts, for OEMs and government
customers. The company’s innovative hardware and Ion Accelerator Software offers exceptional performance and unparalleled
scalability. OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com
Forward-Looking Statements
One Stop Systems (OSS) cautions you that statements in this press release that are not a description of historical facts are
forward-looking statements. These statements are based on the company's current beliefs and expectations. These forward-looking
statements include statements regarding the Company’s unaudited preliminary financial and operational results for the fourth
quarter and full year 2018 and expected growth in 2019. The inclusion of forward-looking statements should not be regarded as a
representation by One Stop Systems that any of our plans will be achieved. Actual results may differ from those set forth in this
press release due to the risk and uncertainties inherent in our business, including, without limitation, changes resulting from the
Company's finalization of its financial statements for and as of the period and year ended December 31, 2018, information or new
changes in facts or circumstances that may occur prior to the filing of the Company's Annual Report on Form 10-K that are required
to be included therein, risks associated with maintaining performance standards, continuing to fill purchase orders, impacts, costs
and other features in our product lines and other risks described in our prior press releases and in our filings with the
Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any
subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak
only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or
circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement,
which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Media Contact:
Katie Rivera
One Stop Systems, Inc.
Tel (760) 745-9883
Email contact
Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7557
Email contact
