Company: One Stop Systems, Inc.
Symbol: OSS
Description: One Stop Systems, Inc. designs and manufactures high-speed computing systems for high performance computing applications that require fast processing and storage of large information data sets.
Shares: 2.875 million
Price Range: $6.00-$8.00
Trade Date: Week of 1/29
Underwriter(s): Roth Capital Partners
Terms Added: 1-16-18
Note: $OSS has also agreed to issue Underwriters’ Warrants exercisable within five years after the effective date of this registration statement representing 10% of the securities issued in this offering (excluding the over-allotment shares) to Roth Capital Partners, LLC. The warrants are exercisable at a per share exercise price equal to 120% of the public offering price.
Business: They combine state-of-the art components from major technology providers to design and manufacture purpose-built systems that allow their customers to exploit Big Data opportunities faster and more efficiently. HPC applications require ultra-fast processing power and the ability to quickly access and store ever growing data sets. They are uniquely positioned as a specialized provider for the high-end of this marketplace providing custom servers, compute accelerators, solid-state storage arrays and system expansion systems. They deliver this high-end technology to their customers through the sale of equipment and software for use on a customer’s premises or through remote cloud access to secure datacenters housing their technology.
Financials: For the nine month period ended September 30, 2017, total revenue increased $8,100,693 or 65.4%, as compared to the same period in 2016. The increase in revenue was primarily driven by OSS contributing $4,815,860 or 38.9% of the total increase in revenue with Magma contributing $3,072,796 or 24.8% of the total increased revenue. Ion contributed $203,837 or 1.6% for the period and SkyScale contributed $8,200 or less than 0.01% of revenue. Our organic revenue increased 43.4% as compared to the same period in the prior year. This increase was attributable to increased purchases from existing customers and a growing number of new customers.
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