OSS - One Stop Systems shares jumps following Q3 beats upside outlook

One Stop System (NASDAQ:OSS) shares are up over 12% in pre-market trading after reporting third-quarter earnings and sales outlook above analysts' estimates. Revenue increased 23% year-over-year to $16M, slightly ahead of analyst estimates. Adjusted earnings per share was two cents better than expectations. Gross profit was $5.5M 34.5% of revenue in the quarter, up from $4.9M or 37.8% of revenue in the prior year quarter. Adjusted EBITDA totaled $1.8M, compared to $1.6M in the same year-ago period. Cash, cash equivalents and short-term investments totaled $18.5 million as of September 30, 2021. “Looking ahead, we are providing revenue guidance of $17.1M for the fourth quarter (consensus: $16.5M). This would represent 23% growth over Q4 of last year, 7% growth over Q3, and record annual revenue of approximately $61.3 million”. Previously (Nov. 11): One Stop Systems EPS beats by $0.02, beats on revenue.

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One Stop Systems shares jumps following Q3 beats, upside outlook