OSS - One Stop Systems (OSS) - Keep on Truckin'

1Q22 Results. One Stop Systems reported record first quarter revenue of $17.1 million, up 28% y-o-y and above management's $16.8 million guide. We had forecast $16.8 million. GAAP net income of $579,200, or $0.03 per share, versus net income of $41,300, or breakeven per share, last year. Adjusted net income of $978,000, or $0.05 per share, versus $644,000, or $0.03 per share in 1Q21. We had forecast $0.02 and $0.04 respectively.Disguise, Bressner Driving Results. OSS's media and entertainment client, Disguise had a record revenue quarter for OSS, with revenue now greater than the pre-COVID environment. The return of in-person events accounted for a significant portion of the revenue increase. Bressner revenue increased 37% y-o-y, driven by ongoing improvement in the European economy as COVID impacts diminish. Read More >>