OSS - One Stop Systems Is Trading At Expensive Multiples

Summary

• One Stop Systems designs and manufactures rugged computer systems used in mobile or outdoors applications.
• The company has not been able to grow profits despite changing its strategy two years ago.
• OSS promises to grow by supplying to the nascent autonomous vehicle industry, but this promise is too uncertain and far in the future.
• In general, OSS markets are competitive, and the company does not have a competitive advantage, this has resulted in low margins.
• On a short-term basis, the company is accumulating inventories and receivables, which cast doubts on future revenue.

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