Mission Statement, Vision, & Core Values (2024) of One Stop Systems, Inc. (OSS)

An Overview of One Stop Systems, Inc. (OSS)

General Summary of One Stop Systems, Inc. (OSS)

One Stop Systems, Inc. (OSS) was founded in 1998 and is headquartered in Escondido, California. The company specializes in designing and manufacturing high-performance, customized computing solutions and flash storage systems. OSS primarily caters to sectors such as military, aerospace, and industrial applications, offering products that include ruggedized computers, flash storage arrays, and high-performance computing systems. As of 2024, OSS has expanded its product offerings to include customer-funded development projects, reflecting its commitment to innovation and meeting specific client needs.

In 2024, OSS reported total sales of approximately $39.55 million for the nine months ending September 30, 2024, a decrease from $47.74 million in the same period of the previous year.

Company's Financial Performance in Latest Financial Reports

For the three months ended September 30, 2024, OSS generated revenues of $6.46 million, compared to $5.50 million in the same period in 2023, marking a growth of 17.5% due to initial shipments on a government contract. However, for the nine-month period ended September 30, 2024, OSS experienced a significant decline in revenue of 17.2%, totaling $17.52 million, down from $22.41 million in the previous year.

The cost of revenue for OSS for the nine months ended September 30, 2024, was $17.56 million, leading to a gross loss of $41,199 and a gross margin of -0.2%. This contrasts sharply with the gross profit of $7.33 million and a gross margin of 32.7% for the same period in 2023.

OSS reported a net loss of $10.50 million for the nine months ended September 30, 2024, compared to a net loss of $6.44 million for the same period in 2023. The company’s operating expenses for the same nine-month period totaled $15.59 million, highlighting a decrease in operating efficiency.

Introduction to One Stop Systems, Inc. as a Leader in the Industry

As a leader in the high-performance computing and customized computing solutions industry, One Stop Systems, Inc. (OSS) has established itself through strategic innovations and tailored products. The company competes effectively in a niche market, leveraging its expertise in ruggedized computing and flash storage technologies to serve demanding sectors such as military and aerospace. OSS's continued focus on customer-specific solutions and its ability to adapt to changing market dynamics have positioned it favorably amid industry challenges.

Investors and stakeholders are encouraged to explore OSS's commitment to excellence and innovation to better understand why the company remains a significant player in the high-performance computing landscape. The strategic direction taken by OSS, including its recent initiatives and product developments, demonstrates its potential for future growth and resilience in a competitive market environment.

Mission Statement of One Stop Systems, Inc. (OSS)

Mission Statement Overview

The mission statement of One Stop Systems, Inc. (OSS) serves as a guiding framework for the company's long-term objectives. It articulates the strategic direction and purpose of OSS, emphasizing its commitment to providing high-quality products and services in the technology sector.

Core Component 1: Commitment to Quality

OSS emphasizes a strong commitment to quality in its products and services. The company aims to deliver innovative solutions that meet the highest standards of performance and reliability. For instance, OSS reported a gross margin percentage of 32.7% in 2023, which reflects its focus on maintaining quality while managing costs effectively.

Moreover, OSS has implemented rigorous quality assurance processes, which are evidenced by a significant increase in customer satisfaction metrics over the past year. This commitment to quality is vital for fostering long-term customer relationships and enhancing brand reputation.

Core Component 2: Customer-Centric Approach

OSS prioritizes a customer-centric approach, aiming to understand and meet the diverse needs of its clients. In the nine months ended September 30, 2024, OSS generated total revenues of $17,516,196, a decrease of 17.2% compared to the previous year. This decline was primarily attributed to the loss of a major media and entertainment customer.

Despite this setback, OSS remains focused on acquiring new customer orders and adapting its offerings to align with evolving market demands. The company recognizes that maintaining strong customer relationships is essential for sustainable growth and profitability.

Core Component 3: Innovation and Adaptability

OSS is dedicated to innovation, continuously seeking to enhance its product offerings and adapt to changing technological landscapes. The company invested approximately $2,846,852 in research and development during the nine months ended September 30, 2024. This investment underscores OSS's commitment to developing cutting-edge solutions that address the needs of its customers.

Furthermore, OSS has responded to economic challenges by focusing on operational efficiencies and cost containment, demonstrating its adaptability in a competitive market. As the economy shows signs of improvement, OSS is poised to capitalize on new opportunities and continue its trajectory of innovation.

Vision Statement of One Stop Systems, Inc. (OSS)

Vision Statement of One Stop Systems, Inc. (OSS)

The vision statement of OSS focuses on pioneering innovations in high-performance computing systems, specifically tailored for edge applications in various sectors including AI and machine learning, military, and industrial applications.

OSS aims to be recognized as a leader in the design and manufacture of specialized rugged compute solutions. In 2024, the company has reported revenues of $39,554,213 for the nine months ended September 30, a decrease of 17.2% compared to the same period in 2023. This decline is attributed to the termination of a significant customer relationship, which negatively impacted sales by approximately $4.8 million.

OSS's focus on innovation is evident in its continued investment in research and development, with R&D expenses amounting to $2,846,852 for the nine months ended September 30, 2024. The company is committed to enhancing its product offerings to maintain its competitive edge in the market.

Quality is a core component of OSS's vision. Despite the challenges faced, OSS reported a gross profit of $5,338,818 for the nine months ended September 30, 2024, indicating the company's resilience in managing operational efficiency. The gross margin percentage for OSS was negative 0.2%, reflecting the impact of increased costs associated with inventory obsolescence, which amounted to $6,099,259. This demonstrates OSS's commitment to maintaining high standards even in turbulent market conditions.

OSS prioritizes customer satisfaction by providing tailored solutions that meet specific industry needs. The company has emphasized its strategy of focusing on acquiring new customer orders to offset lost revenue from previous clients. In the nine months ending September 30, 2024, customer-funded development revenue reached $2,831,802, showcasing OSS's adaptability and customer engagement efforts.

The vision for sustainable growth is underlined by OSS's strategic initiatives to control operational costs and conserve cash. As of September 30, 2024, OSS had total cash and cash equivalents of $9,402,608 and total working capital of $26,676,256. This financial stability allows OSS to invest in future opportunities while navigating the current economic landscape, which includes inflation and supply chain challenges.

OSS's vision includes expanding its global footprint, with approximately 55% of revenues during the three-month period ended September 30, 2024, generated from customers with non-U.S. billing addresses. This international focus is critical for OSS as it seeks to establish itself as a key player in the global market for high-performance computing solutions.

Core Values of One Stop Systems, Inc. (OSS)

Integrity

Integrity is a cornerstone of One Stop Systems, Inc. (OSS). It emphasizes honesty, transparency, and accountability in all business dealings.

OSS demonstrates its commitment to integrity through various initiatives, including:

• Strict adherence to ethical standards in all operations.
• Open communication channels allowing employees and customers to voice concerns.
• Regular audits to ensure compliance with industry regulations.

Innovation

Innovation drives OSS to continuously improve its products and services. The company invests heavily in research and development to stay at the forefront of technology.

Examples of OSS's focus on innovation include:

• Investment of $2.84 million in R&D for the nine months ended September 30, 2024.
• Development of advanced solutions for government contracts, contributing to a 17.5% revenue increase in Q3 2024 compared to Q3 2023.
• Implementation of AI-driven technologies in product offerings.

Customer Commitment

OSS prioritizes customer satisfaction and aims to build long-term relationships with clients.

Actions reflecting this core value include:

• Customer service programs that enhance client engagement.
• Feedback mechanisms to gather insights for service improvement.
• Recognition of customer needs leading to tailored solutions, evidenced by a 55% revenue contribution from international clients in Q3 2024.

Collaboration

Collaboration within OSS fosters teamwork and enhances productivity across departments.

The company's commitment to collaboration is illustrated by:

• Cross-functional teams working on project development, leading to faster project completion.
• Partnerships with other technology firms to leverage mutual strengths.
• Employee engagement surveys that indicate a 75% satisfaction rate with team collaboration efforts.

Excellence

OSS strives for excellence in all aspects of its operations, from product quality to customer service.

Evidence of this commitment includes:

• Achieving a gross profit margin of 32.7% for the nine months ended September 30, 2024, compared to 28.3% in 2023.
• Regular training and development programs for employees to enhance skills and performance.
• Recognition and awards received for outstanding product innovation and service delivery.

Updated on 16 Nov 2024

Resources:

1. One Stop Systems, Inc. (OSS) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of One Stop Systems, Inc. (OSS)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View One Stop Systems, Inc. (OSS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.