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ESCONDIDO, Calif. - One Stop Systems, Inc. (Nasdaq:OSS) has received $3.9 million in new orders from a U.S. defense contractor to support the P-8A Poseidon Reconnaissance Aircraft, the company announced Tuesday. The news has contributed to OSS’s strong market performance, with the stock up 24% in the past week and currently trading near its 52-week high of $5.23, according to InvestingPro data.
The orders involve military-specification Enterprise Class data storage units that support the U.S. Navy’s C5ISR mission capabilities on the maritime patrol aircraft. OSS expects to recognize most of the revenue from these awards in the second half of 2025. For the technology company, which currently generates annual revenue of $54.3 million and maintains a healthy current ratio of 3.42, this contract represents a significant opportunity.
The storage systems feature rugged, hot-swappable canisters with high-capacity NVMe flash storage, designed for rapid and secure data offload in airborne environments.
"The P-8A Poseidon is a critical national defense platform and OSS is honored to provide the compute and storage technologies that help power its mission," said Mike Knowles, OSS President and CEO, in the press release.
The company reported that these latest orders bring its lifetime contracted revenue on the P-8A platform to over $50 million. OSS has supported the Poseidon program for more than eight years.
The P-8A Poseidon aircraft is used for anti-submarine warfare, surveillance, and reconnaissance operations. The storage solutions from OSS enable secure, high-speed data capture and transfer for the aircraft’s sensor systems. With the company’s next earnings report due on August 7, InvestingPro subscribers can access 13 additional investment tips and comprehensive financial analysis to better understand OSS’s growth potential in the defense sector.
At the core of this platform is the company’s 3U-SDS system, which delivers data center-class compute performance in ruggedized form factors designed for harsh operational environments with size, weight, power, and thermal constraints.
One Stop Systems specializes in AI-enabled solutions for edge computing applications across multiple industries including defense, autonomous vehicles, and unmanned systems.
In other recent news, One Stop Systems reported its first-quarter 2025 financial results, revealing a net loss and a revenue miss. The company posted an earnings per share (EPS) of -$0.07, which fell short of the forecasted -$0.0267, while revenue reached $12.26 million, missing the expected $13.51 million. Despite these challenges, One Stop Systems improved its consolidated gross margin to 32.6%, suggesting potential operational efficiency. Additionally, the company secured a $2 million contract to provide computing systems for a medical imaging firm, transitioning from a pilot phase to volume production. In another development, One Stop Systems announced a $5 million contract with the U.S. Navy for data storage units for the P-8A Poseidon aircraft. The company also appointed retired Lieutenant General David Bassett to its Board of Directors, enhancing its defense expertise. These developments reflect One Stop Systems’ ongoing efforts to expand its market presence in both commercial and defense sectors.
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