OSS - One Stop Systems slides on weak Q4 margins

One Stop Systems (OSS -5.3%) reports Q4 sales increased 27.6% Y/Y to $17.78M was primarily due to the 29% increase in the company’s core OSS business revenue to $11.5 million as compared to the same year-ago quarter. The Co. ended the year strong, with six new major program wins in the Q4 out of the total 14 major program wins for the year. Gross profit margin declined ~620bps to 28.3%, which was due to a change in product sales mix that included increased lower-margin sales from the co.’s large media and entertainment customer, and, to a lesser extent, higher than anticipated supply and engineering costs. Adj. EBITDA of $0.62M as compared to $1.1M with cash & equivalents and short-term investments totaled $19.6M as of Dec. 31, 2021. “While we expect our first quarter to continue to show traditional seasonality, we anticipate about 26% revenue growth over the same year-ago quarter, with revenue of about $16.8

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One Stop Systems slides on weak Q4 margins