One Stop Systems director buys $146,750 in company stock

Director of One Stop Systems, Inc. (NASDAQ:OSS), Joseph M. Manko Jr., has recently made significant purchases of the company's stock. Over two days, Manko acquired a total of 75,000 shares, valued at $146,750. The transactions occurred on August 13 and 14, with prices ranging from $1.94 to $1.99 per share.

Manko's recent acquisitions have increased his indirect ownership through Horton Capital Partners Fund, LP, where he holds influential positions. According to the SEC filing, the shares are directly owned by the fund, and Manko, due to his roles, may be deemed to beneficially own the shares held by the fund.

On the first day, Manko purchased 50,000 shares at $1.94 each, followed by an additional 25,000 shares the next day at $1.99 per share. These transactions have brought his indirect ownership to a total of 1,174,899 shares in One Stop Systems, a company specializing in electronic computers.

The filing also noted that Manko has 21,000 unvested restricted stock units, which are subject to vesting conditions. He has disclaimed beneficial ownership of the shares except to the extent of his pecuniary interest therein, emphasizing the indirect nature of his investment.

Investors often watch the buying and selling activities of company insiders to get insights into the potential future performance of a company's stock. Transactions like these can suggest confidence in the company's prospects and may influence market sentiment.

One Stop Systems, Inc. continues to be a key player in the tech sector, with these transactions reflecting ongoing interest and investment from its board members.

In other recent news, One Stop Systems, Inc. (OSS) reported a mixed financial performance in the second quarter of 2024. The technology firm saw a sequential revenue increase of 4.3% and year-over-year growth in its OSS segment by 8.3%. Despite a challenging economic environment, the company has a robust pipeline valued at over $1 billion, mainly from platform opportunities, with a focus on the defense and commercial markets. However, the company also reported a year-over-year decline in consolidated revenue by 23.3% and a GAAP net loss of $2.3 million.

In terms of recent developments, OSS is actively pursuing customer-funded development programs and expects growth in this area. The company is also preparing for new product announcements in late 2024 and early 2025. Despite a 23.3% decrease in consolidated revenue year-over-year, attributed to a former media customer and a decline in Bressner revenue, OSS anticipates a consolidated revenue of approximately $13.3 million for Q3 2024.

Analysts noted that the company is focusing on high-opportunity sectors such as AI, machine learning, and edge computing. OSS also reported $1.2 million in cash from operating activities for the first half of 2024. However, the company observed a decrease in consolidated gross margin compared to the previous year, due to under-absorption of production capacity and inventory reserves.

InvestingPro Insights

As Director Joseph M. Manko Jr. increases his stake in One Stop Systems, Inc. (NASDAQ:OSS), the company's financial health and stock performance metrics provide a broader context for investors. One notable InvestingPro Tip is that OSS holds more cash than debt on its balance sheet, a sign of financial stability that might underpin Manko's confidence in the firm. However, the company's stock has experienced significant pressure, with a notable decline over the last month.

InvestingPro Data reveals a mixed picture. While the company's Market Cap stands at a modest $41.23M, the P/E Ratio is negative at -5.56, reflecting the market's current skepticism about future earnings. This aligns with the InvestingPro Tip pointing out that analysts do not anticipate OSS will be profitable this year. Additionally, the stock has taken a significant hit, with a 6-month price total return of -26.2%, which might indicate a buying opportunity for investors like Manko who potentially see long-term value.

Despite recent performance, the company's liquid assets exceed short-term obligations, which is another InvestingPro Tip suggesting OSS has a cushion to manage short-term liabilities. For investors looking to delve deeper into OSS's financials and stock performance, InvestingPro offers additional tips, with a total of 7 listed on the platform, providing a comprehensive analysis of the company's prospects.

For those interested in following insider activity like Manko's and understanding its implications within the broader financial context of OSS, these insights can be further explored at https://www.investing.com/pro/OSS.

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