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Stock impact report

OSS Reports 2017 Results: Net Revenue up 46% to Record $27.5 Million, Provides Guidance for 2018

One Stop Systems, Inc. (OSS) 
Last one stop systems, inc. earnings: 3/26 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: onestopsystems.com/investors
Company Research Source: GlobeNewswire
ESCONDIDO, Calif., March 21, 2018 (GLOBE NEWSWIRE) -- OSS (NASDAQ:OSS), a leading provider of high performance computing systems, reported results for the year ended December 31, 2017 and provided guidance for 2018 revenue growth. Financial Highlights Net revenue increased 46% to a record $27.5 million.Gross margin improved 230 basis points to 31.5%.Net income totaled $96,620 or $0.01 per diluted share.Adjusted EBITDA increased 134% to $979,138. Operational Highlights Launched the SkyScale cloud services business to provide multi-GPU high performance computing in the cloud. Acquired Western Digital’s Ion flash storage software, including the rights to develop derivative products. OSS hired the Ion software development team members and established a new software design center. Western Digital also engaged OSS to service its existing Ion customers.Appointed John Morrison as chief financial officer, who brings more than 30 years of experience in managing high-tech, high growth comp Show less Read more
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