OSS - Earnings call transcript Q2 2021

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Operator

Good afternoon, and thank you for joining us today to discuss One Stop Systems' financial results for the second quarter ended June 30, 2021. With us today are the company's President and Chief Executive Officer, David Raun; and Chief Financial Officer, John Morrison. Also joining today is the company's Chief Sales and Marketing Officer, Jim Ison.

Following the remarks, we will open the call to your questions.

Before we conclude today's call, I will provide some important cautions regarding the forward-looking statements made by management during this call. release to will that replay be instructions today's like be call via also section in and Investors recorded made press would remind company's today's everyone will the of I the the website. in available for

like would call the CEO, turn President over go Raun. Please to ahead. OSS and I Now to David

David Raun

the result you, and good half report further record achieved OSS the our Christie, afternoon, first to growth the Thank revenues XXXX. of company execution on across Advancements that of everyone. I'm are for strategy. happy

first was to reflects of a points quarter the the percentage segments. was million, in programs few strong customers, for second margin number over quarter we $X.X XXXX, During total the a business XX% income XX% normalcy. return revenue QX increased and efficiencies X.X expectations on million a by up quarter focus same broader backed with $XX.X least of a and accounts X.X quarter points percentage the with refined additional the gross and for quarterly adjusted over product quarter improved EBITDA revenue. revenue, indications the XXXX, and million at net line half increasing total of Year-over-year closing $X.X line improvements, X% year-over-year performance The last to attributable exceeded QX of reaching increase of solid up bottom mix across by our up growth over of top our $XXX,XXX, an in last major by The and with year.

AI plan the strengthening a space. product computing less road and fast-growing company becoming the in our vision value on executing priority. continues map and the in leader Additionally, to market long-term edge than nothing transportable industry proposition strategic be includes This our

NASDAQ's contributed composition these significant applaud the may reorganization over X might challenging and market race to of shareholder We racial to improved diversity X surpassing plan, Board towards environment. value performance and recall, include the There requirements a this thought SEC company rules. directors directors to are as this the requires interested our NASDAQ the boardroom relate and requirements. effort our focus mobile is of its in from in days you believe a in listing target has tripling knowing far highest are on women you recently approved X computing they the and We past execution directors As years. be our and in minorities the new that of gender proposal

quarter the the Marketing our Ison, Officer, financial into company, a But staff our performance and provide committed John? related you first find and And our activities. highlights in transportable first, Chief strategy following John year remain We'll John, will our half CFO, for year. second Jim our a take in AI moment. in to the Morrison, As and rest will insights customer of we strength through our then diverse and the talented outlook the and of Sales operational and and provide directors.

John Morrison

entertainment quarter issued everyone. in and The afternoon, half June ended release today, us first section second for Thank good and servers markets, and you proportionate XXXX. driven David, growth this was a Bressner, joining is in Earlier ruggedized by sale quarter quarter both call. our differentiated Investor and a the you, Thank subsidiary. we from for was release XX, AI year the the quarter year European our primarily available the of our QX period. media improvements military Relations second results of $XX.X for from This of first a with press the the customer over adoption the transportable our data same our $XX.X million up of and in processing and which onestopsystems.com. million storage OSS at prior Reviewing the result website growth key new statement continued up operations. XX% virtual customer and new and products products was virtual revenue -- million, from applications of momentum. There accounts. company gaining our revenue XX% with base increase new their increase ago for $XX.X within media expansion product notable The entertainment our in of orders from with new well We achieved as was into and as and the revenues in

increased increased margin X.X improvements an XX.X%, gross as margin XX% profit points margin period. quarter The million expenses same in had year ago the sales the attributable the year of to business million our of Our in to core $X.X million for compared points product core operating the increased gross our gross million in compared increase OSS $X.X the in year $X.X to business This as quarter. as same XXXX. the period. $X.X additional Overall, mix, million. on quarter of was second million XXXX high-value same in XX% second a Gross $X.X to efficiencies. ago quarter XX% of to year we increased in quarter a as increased million of same ago million OSS of $X.X period. to gross versus and XX%, in were compared growth percentage the an our in revenue percentage X.X contributing to Overall, the to the gross over XX.X%. quarterly $X.X to of profit is XX.X% revenue the Likewise, increase million. compared quarter same ago $X.X in Bressner's products strong ago OSS second Bressner margin second $X.X increased year

a per programs decreased This in our our ago XX% improvement the we of same Income as last primarily totaled year revenue income in growth cost ago compared and same on basically Our the efficiencies. $XXX,XXX in to continued $X.X QX or share to Net share the year new of quarter. operations loss to $X.XX XXXX. operations percentage that This operating million loss into from XX% ago. integrated net diluted a expenses of $X.XX due year were was per initiated focus strategy basis $XXX,XXX compared from year containment the quarter. to compares $XX,XXX to improved GAAP a to a or on

compared the improvement the and net our $X.XX Our was and per $XXX,XXX and of interest $XXX,XXX on due the to million. quarter. same of and Non-GAAP revenue income million net loan quarterly PPP debt ago diluted another non-GAAP $XX,XXX EBITDA, year PPP Adjusted net GAAP great diluted another compared as income the forgiveness to ago and to loan our year million record EBITDA margin a income basic in QX excludes or forgiveness. basis, share per a share $X.X or gross to increased X% in XXXX favorable or $X.XX $X.X On to approximately period. metric adjusted same in interest improved -- $X.X as

totaled in company $X.X looking for Gross last last half revenue a $X.X year. of year Now XX.X% year. half the up Revenue margin compared on to million which prior of XXXX. improved for X.X XX.X% $XX.X of XX% or in the million the same to new $X.X our $XX first XX% million, $X.X revenue points in million a Bressner's first million XX.X% core the period percentage compares to to to gross profit by the revenue. of increased the was This XX% from record, business ago. year. incremental improved results at first margin as or million in to XX.X% OSS Gross half of compared as

X.X% Bressner $XX.X Our the core OSS last of business contributed $XX.X of last XX% million $XX.X the increased as million compared million year. an contributed of revenue, to and X% increase total to year. revenue compared of

a of Our the of to was the operations loss efforts to success as $X.X or XX% compared Operating year. to in decreased basis the compared percentage our per the of diluted This $XXX,XXX $X.X revenue per last again reflects million ago expense cost a improved is loss containment loss to $X.X Net to million period. revenue improved income expenses on compared and initiated And ago to a total April X% the GAAP $X.X XXXX. increase attributable to year operating as XX% and improved million our year previous million $X.XX primarily decrease compared year This from prior program the or $X.X income same in share a million period. expenses in share reduction in $X.XX period. a efficiencies. to of in

and a a containment reminder, Adjusted million compared $X.X loan due objective totaled As $X.X PPP includes and per less loss million EBITDA $X.X was of or period. year to million shows adjusted as or higher million and X% our $XXX,XXX Non-GAAP or gross compared PPP and to period. margin the year the share path net Non-GAAP EBITDA loss this XX%. ago $X.XX share the improvement same a adjusted of $XXX,XXX interest and of income revenue negative of forgiveness. per to $X.X ago net was percentage the a cost $X.XX interest in excludes The in to a income the no than loan EBITDA same EBITDA forgiveness.

to of this Sales as Marketing $XX.X sheet. balance This million, $XX.X short-term cash financial At Jim of would to Jim? equivalents XXXX, and XX, over investments Chief turn like XX, review. completes to or I and June compares our equivalents March cash with our This of to cash XXXX. million. turning Officer, total cash million a $XX.X Ison. our call now $X million Now and of totaled combined

Jim Ison

afternoon, good everyone. and John, you, Thank

year, we and the last all events, efforts shuttered events. as COVID to adapted our Over virtual in-person practically outreach marketing

OSS improving U.S. We decision-makers, presence vehicles senior called events the encrypting XXXX last system sponsored the we the large observation defense, AI utilizing to the attendance Navy edge. in Navy. and were collecting, was We in Conference leaders week speakers visual long-range that off the from of Gold, demonstrated Set and by webinar now our the AI market-leading with hosted of data environment, at include IP and NVMe which an creating storage demonstration Sea-Air-Space with value pleased are Fly, applications. and webinar at applications systems April, and our again Express event, security aerospace compute that At in-person can scalable Turning also the management. autonomous PCI demanding we by on military the our the example, required KIOXIA. in-person AI interconnect, GPU The marketing most business quickly return high-speed a events. sets efforts featured a from into discussed and aerospace, kicked Data AI With and For Large

live and We expect and our major more selling X we productive will the opportunities. won help new second face-to-face interaction quarter, future revenues. fuel In to return be the

brought program million data of recording, These targeting wins a storage flash reminder, years. successes inferencing include $X wins GPU footprint primarily year-to-date those and edge These transportation medical in supplier with and our a increasing program edge a autonomous to wins Germany, yield X accelerated storage major major total our expected system an applications; revenue X. As control system; lastly, vehicle within training vehicle new to the and are a or in more market.

opportunities pipeline, our wins, in XX pending on addition Regarding have confirmed to we closing. focused are we the major

front, shipped earlier the with trials product marketplace, including X AI the been has On major the GPU we airborne into this products accelerator Navy. that transportable our in flagship GAS-R year

are into quarter was We our rugged that application. center military data server also a SDS shipping latest mobile designed this

team anticipating Our development of under currently is the eagerly and products sales introduction additional testing. standard next-generation

that, I'd QX call like over our to the with David to outlook. Now back for turn

David Raun

than objective John bottom X% Jim. are first of With inroads the line making All EBITDA have solid less and towards we for and you, EBITDA we better-than-expected In at revenues adjusted no right. Thank summary, top half, our made of XX%. adjusted progress.

next-generation continue have this under to a received plan year map next. And market to product positive product introduce AI number through introductions. and We focus road And on and platforms we with customers our feedback NDA. we innovative our wins validate later of key transportable

by times. seeing we our price programs expect bringing supply with well will and Even of put reengaging a increasing, lead which us XXXX, the on hold. are back aerospace is demand. challenge programs product COVID, we as customers, as pandemic chain severely effects were affected longer commercial new increases And the with demand continues although previously be improving on to the customer While are through continue

landscape extended on qualifying multiple and and planning purchase team managing activities. the is fronts, strategic Our implementing tactical additional vendors, fluid including other

inventory example, parts the For have increased impact temporarily. on levels also advanced of the minimized adverse revenue purchases have but

at proactively become team products We challenges time the on by only our manufacturing protecting adept and the shipping and not to increasing And margins. engineering in but so, imposed continue manage has processes, doing optimizing pandemic.

and prospective $XX.X support to QX same us company of represent for I'd for forward, acquainted which Looking with to third Thank also reach we over the for X% shareholders providing guidance new revenue more quarter, growth all are us to growth our and QX, revenues. on million joining to quarter year investors all growth this our your XX% the and over for last a would you become out to of innovation. like record journey invite story. the

Finally, One my appreciation quality their and productivity. for Stop dedication to their and entire the Systems our success team to OSS to commitment of

Now questions. with to I'd Christie? up that, like open to it

Operator

[Operator Searle Instructions]. to Capital. Scott We'll first ROTH from go

Scott Searle

not starters, chain. in I opening wondering Nice on inventory pretty going It your What margin job, guys, forward? quarter been a seeing overall difficult this thoughts seeing have bit and the the for very environment. relates sure gross as the know in guys I'm in heard I you second like you how remarks, of But issues lot seems half it the supply global impact Maybe well. you're what on a terms beefed a was margins the balance certainly, of the your in front, little for if but you've quarter to in terms was was are of up second this impact? gross I sheet. year? of that what the the doing impact

David Raun

Frankly, following is the dynamic. I think the

think far as market. real revenue is, the demand the product. I the we are behind have shipping all, we're reflects the because question supply issues, as Sure, we leaving have didn't that the in of demand we First but

anything inventory. really held it's was somebody And a so if of a little reflection more up bit, of building

on So about had pushed to we've dynamics that. stuff track. in, out pulled we feel We've good stay where stuff

culture we're offset of focused As and us be that's company and the on the so with efficient because helped go, as increases. company aspect margins to every the focused the of more far margins, price

for actually reductions. to ask our that, cost addition In we reduced have by costs to continuing

all And so including our things together that, to customers. these to really price doing we're offset increases

Scott Searle

front, the was very maybe Got a pro should fashion as should going number continue on it forward? road that OpEx like moving forma PPP as you. if loan baseline to well. front. as good you on could I the removed the a is from quarter, of job quarters? Is we that that any to that what in the that reported you're couple up I guys And seems and well, sort investments map making, the we in be the the do of material know -- using be over second But expect given that next a

David Raun

to additional get more really the based travel. bit and it's like requests investment. little really trade hiring a front, going the on hiring shows, go on No. and little I people, we a example, return make mean, up on we hires few We're a the executive with but on together group on are -- the decisions for evaluate just

real being we're it. So careful about

a be little bit, but too So up not it much. will

Scott Searle

of if RFP shift pipeline. lastly, kind could, And I into just the

timing, or like be about? said color level you as some Is Maybe you the number maybe a the profile XX the if more thinking there. the meaningful that it of think I end the X wins. now market we bit opportunities. on you've gross of I those little newer give seems is in wonder some quarter. of margin should a been terms same dynamics hitting sort of And well could X

you gross thinking a I gross think to continue to about And margin margin to kind should there? go-to-market, time front. out should contribute refine how going a be that help What sort we you mix thinking? Does forward? XX% favorable your are that more on certainly line getting of of which out

Jim Ison

take I'll the first that. part So of

transportable expanding to to continuing be of and pipeline AI markets. type is XX% hopefully Our

we're you accounts more to focus pipeline. be adding markets, well. those as as higher the That that to when So types those we're -- of margin that tends are on focusing

have We've rule XX% a a So or success better to that's of good thumb. continued rate. about

years, you tracking If this look last at metric. we've been the X

ones So know in we've winning. that a we shot been pretty good the at good at putting we there have

David Raun

we and on Scott, customers lower meeting hoping weeding with focusing the I opportunities trade we're shows out can the and us number higher. add just process, that margin would that upward. drive And to live, getting back in I'm

Scott Searle

if last could, I One Dave. question,

the customers, sustainability front, in your recovery I better into that. want entertainment just to in particularly get the the of some insight Given of

that, that to before and year? guess, into comfort I the is has started visibility of Delta in very Is on now of Do but think in pretty online entertainment good you built much environment, shifted see for of kind what country if and U.S. half of second have wave vertical, this into any we customer now. live the back fluid concerts globally? there like second I dynamics virtual crossing come a is front risk terms in the the -- right the given pretty will, you

David Raun

Yes.

that's seeing So quite what bit which products. and dynamic their what all up we're happened has really is the primarily virtual come shipping, that is we're a

those excited again. events, fact large bringing they're will about and large not And engaged We of and yet we're gathering we're so with that gathering numbers kind the doing happen. which the it's now well understand people back eventually the

we maybe later number it's year, shape because in good because expect that the pretty the year late safe virtual but of success to is the the -- next products. appears number So to see of in year, the or this be

means that ever. probably customer stronger that I XXXX, a that's think in than have we what is

Operator

go Eric Street. from we'll Martinuzzi Lake to next, And

Eric Martinuzzi

but as with advantages profits, the that to down the Congrats quarter, well just well amplified just EBITDA, organization the on growth the being swing revenue both revenue as an see in the EBITDA get on you on the of side positive in efficient line. the

that have on on any impact your the the regarding in give a total on X The quarter either XX% the color for concentration. months those had us or the have had -- of can top were customers X that that customers revenue. you you there. I question So revenue nice XXXX, X you work company's line? Do had

David Raun

those business anything pretty Both Do they customers. I'm strong, you come want to as a strong. have -- happy or add total the I'm to but result, wishing but not develop our has showed other that, increased of customers to the And that back up John? they've up, back we percentage continue that Jim,

John Morrison

Yes. Even number a we is contractor, are of those in though programs. that actually a greater you're referring to of one participating government

programs even of customer, name So more selling a one into though within actually we're within that customer. it's

Eric Martinuzzi

because to a that's raise of money, to good different point know are speak. Yes, there buckets I so

elaborating were interested you know David, base, towards vertically, do -- your you're a whether broadening showing but bit and parties, seeing numbers? geographically, the in to then to you the And customer on expanding kind customer any of of headed Okay. disparate anything the if serve little such new trends up

David Raun

more from type Not the standpoint, we military applications towards transportable focus market. a definitely as geographic AI

can. that hot to government everything especially and AI the So the as towards we applications expand, pretty for to and with of as much now right we market geared space that continue is budgeting and expect capture

Jim Ison

a that that And increase of focus is the to portion business.

Eric Martinuzzi

Okay.

looking the in double-digit a a challenges kind Now profit business you that the its ago, of despite on second had, were look of year at EBITDA if back the margins entirety. it at half your half, strong margin I pretty some

You're demand coming have those into the year defense gross military stronger margin. to part higher of been and comes it and when your from historically

to of north in Is adjusted still could a on about goal locked EBITDA XX% kind talked also we that dip You the Or of of there? say that? below we're margin.

David Raun

have additional in customers we the military up of is of in programs we've the half. space, the we've all, and tried that first in that the out first to that XXXX, of point expansion one Well, because had dynamics of the show the

to than percentage from actually has more that XXXX So XXXX. doubled

helped us that's margins the and it on out. spread And so

challenges. in addition also the the an that's dynamic a we're all world with things So other doing, supply but to

historic historically, as from probably second strong like half, -- in be we probably range us to similar would on they in before you've seen area. margins are, the The nothing expect that

Eric Martinuzzi

knocked the pipeline, right. in towards that And also then is wins you've the skewing Okay. XX the pipeline, on down? the All just military line opportunities major in DoD with this

David Raun

by is transportable, military Higher which, higher over is in definition, percentage XX% in is and margin. AI

Operator

And from to go Joe Capital. next, Gomes we'll Noble

Joseph Gomes

Nice quarter.

sequentially. the gross that I to to is So cause back product They was there wondering a margins that there wanted anything would mix. margin I second. decline go just to sequentially? for were just the is else down gross Or

David Raun

down product for it, if also what mostly program you mix then some half, that first X Yes. margins the had the is we with costs look and It's John? military But up, a little year-over-year brought percentage we're the at bit. associated points, us

pretty we're with So pleased that.

Joseph Gomes

Right.

Okay.

margins the if commercial Just wanted type little were some Or either what add where know talked back, I kind a products get on they the could little us of color a those doing basis? customers and margin? what of pre-COVID we these revenue line? to aerospace this what you clarification. bit that guys kind -- on of reengaging. a the could continues core a And of if And top give could compared you are about to don't start to those little some

David Raun

Yes.

it So stronger, that million a number, back dried of the That more were CDI business primarily a number pretty has they say, came recent to number from the it when and up acquisition but ago $X range. small kind wasn't in huge in a years -- quarters. the that of was of was

challenge the And we centers areas focused, that's we're to for less data entertainment there of whole level. is more say, the in though, on sky. the another is with. one systems the on, transportables, how More really, do a aircraft of definitely take that's really AI that because part engaged So

seeing a to on programs whole lot but them, starting we of that talk We we're today are starting up had discuss show that is terms. put -- really we're hold, not we're revenue where to yet, with at where were

they're that start products. sky the to like hope either orders they're or in we so that data on from is thing center new or different seeing reengaging And things targeting communication be the them. And programs second safety-type

Joseph Gomes

keep I RFPs just the going the then back. wins. And to But and Okay. on hate

the you XX of in second two the you've path last still still of on you've year. year? year-to-date Year-to-date, these you that won that quarter. had this wins by in thinking that be So you'll that I the timing end the is same range won got years, last X including you're X in just X mean, that

David Raun

Yes.

do right. we're focus So been, where of on because the That a put for not people on disruption you're business, this indication moving forward. activity we've transportable we've XX about months. little that refocusing space. an I been the AI believe is selling yes, We're lot but of of virtual a the higher-margin bit creates off and world a little We've in

and I really but to going think it's So things we're headed where dynamics, good the those about feel we're we be able to do.

but they're be in strong you're hopefully, absolute little yes, in stronger bit. quarters So numbers, coming get right, will down next But a the really and year.

Joseph Gomes

Right, right.

Okay. more, pressures. the inflationary chain of if And and supply talked issues may. one I the some mean, you I about

The that just And you guys with there? Are of you companies staffing. other be happy are lot wondering, big having any seeing fully people are is issue staffed and seem to a you in issues where today?

David Raun

okay we're front. on that Yes,

geographically to -- moving reasons that do San tend a We We the we're people more Bay Area people of to Southern for more to Diego of we're also, people of at California. one is a the tend lot don't from move. area, found challenging. have then seeing And where outside we're in affordable searching since

front. we've us. on just So today. a And dynamics want we are closed be on that while looking to where another one -- salesperson another we plan we have different But for we and helping those to are staffed been do we

Operator

Williams Company. David from to go we'll Benchmark next, And

David Williams

think dig typical, from or the or on wins first does as some -- typical Just design win cycle design maybe customer major cycle we of to look engagement the that to about here. guess, in I revenue? maybe like cycle wanted What

Jim Ison

Yes.

get months to side X typically the the So to it's things, the win on category. the -- of and design to in in XX commercial them

military side, typically, but longer XX months the time. be it could designed period anywhere of in from for to XX On a you're

David Raun

in that would lists we have on. company though, focused I comment, we're the multiple

We and have all targeted list the stuff.

-- that take list well the time that that target funnel in type talks pending the are and of time that down opportunities, period. frame. time those would XX about Jim When So

David Williams

if your And through where that of think seeing growth you and what quarter, demand, transportables? outside you AI about you the seeing seeing? the then the maybe level But greatest opportunities demand you of And of kind where you're other do even trends maybe largest maybe seeing the are opportunities are think? are you focused

Jim Ison

Other opportunities outside.

David Raun

across We I'm on really organization. really drive to I with trying the that's we're them, of That's transportables. trying but mean our come to the things one focus. AI focus the

we we other can't just and ship quick. opportunities, Now the do turn too have

So things. we you Jim? to add to continue want that, at to look different Do

Jim Ison

So we've That X own reported get business. a because going of able OEMs years to not We our Gen out X in previous to do our generally but Gen that's accounts, be they lucrative, or tends like us as their very may OEM to $X those Gen early adopters. Express instrumentation that, test come PCIe when X, innovation solutions I/O available. and scale be like that to quickly that or GPU of adopting in things equipment, PCI the be the to our for million that technologies lot for

just our So takes AI that's still its a solid underlying business really transportable strategy. parts that from

lose So that forward. we won't going

Operator

from Global Partners. Alliance next Kinstlinger Brian go We'll Instructions]. to [Operator

Brian Kinstlinger

Nice results.

I is you're You Are at number up these to the and/or held steady landscape And win think a on if has point feedback of get of when putting XX% you pretty these the government, rate in you're bidding them competitive major then describe programs mentioned get of against where a selected. so, the RFP not at this competitors. least you types, bucket. when

David Raun

Yes.

firm are we fixed agreements accounts source. single those usually price of have most there So that

to includes feedback from those as for those bid type military the get have is we different So with that sole customers bid that But bid why to of a I'd firm largest customer. we situation. X our one situation. We of programs I maybe good XX% believe do contracts are weren't a of say source. for been selected and of bid our price fixed for, a say, have XX% type

Brian Kinstlinger

All right.

feedback when do you price? with a it to What's to win since award Louise, Someone not often I'm win is or solution don't else you you the so went So win? they as better when had trying contract? the high because just understand Did they another solution? rate.

Jim Ison

Yes. it's we military compete resources. Particularly, side, -- on against been the in-house

a the seen and to PCI They have and we the keep in-house wanted won it. program Express. So We with change bid then loss the it go customer that where technology. they our want to decided

of type things that not feedback priced. win we even It's those are really higher get. things We when kind been of price. So on we're the

We have service us. good back coming a our that record customers track keeps pretty to

Brian Kinstlinger

one Great. And follow-up. just

integrators that you prime contractors opportunity the prime? direct a military a you there to can is an Or of side, as On part are partner or be either always solution? larger system going bigger with

Jim Ison

The Yes. our contractors. with of business the biggest is prime piece

the So military have we direct main XX% there we to But contractor. you'll don't Navy do VARs military direct type Army. them, I'd primes or Most say, going prime Dynamics, some on, the with companies. like with them do our Lockheeds, also We General of Raytheons, business those are projects. the that through see a through of typically, go us of

Operator

And now I'll turn Raun it back closing for remarks. to David

David Raun

you, at as to yet the meeting and our the best safe you, me today. stay go joining Christie, the up reach you again to progress we to to is wrap Christie, believe pursue and Meanwhile, we ahead John, and We please healthy look opportunities any with for or thank please reporting out everyone, time. come Thank feel us forward ahead. free and and many call. and Jim

Operator

from the company's would now important regarding such are made call, Stop on design statements that statements. forward-looking The call. to our the statement company's or today's pandemics forward-looking and Systems regions its differ not include as market. we One now the and revenue as that like customers set statements not presentation where other -- you source and including, or inclusion achieved. by conclude operations, in public may expectations results we before regarded the statements such growth in disasters cautions company's safe Thank risks harbor current in that includes others during we uncertainties be today's Actual regarding be representation These or limitation, or developing description plans should products that without develop will material those statements the is you. products including for cautions products, any the inherent the global our world health provide facts based before presentation sell And expect, for statements concerns, those due business, new not by may expectations. of of COVID-XX, a of forward-looking we generated that or wins historical the M&A or have OSS and market affect activity. beliefs may are in a to Such forth forward-looking of I

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Securities of You call we undertake cautioned the to information and to reflect to which update not these this of no speak obligation statements, revise are on forward-looking the undue only date reliance as or place conference entirety under statement, Reform which this this Act Private Litigation the date qualified XXXX. their by statements events the provision is are after hereof. forward-looking of cautionary harbor or of in circumstances made safe All

concludes will today's that ir.onestopsystems.com. would this August to like at us this we release joining you be through call remind today's replay XX. for This via Thank later for for everyone to conference. press conference, Before available starting available company's our end replay refer instructions evening I Please dial-in website and today. the

disconnect. now may You

One Stop Systems (OSS) 13 Aug 212021 Q2 Earnings call transcript