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ESCONDIDO, California - One Stop Systems, Inc. (Nasdaq:OSS), a $76.6 million market cap technology company, has secured a $5 million contract from the U.S. Navy to support the P-8A Poseidon reconnaissance aircraft, according to a press release statement issued Tuesday. According to InvestingPro analysis, the company currently appears overvalued at current trading levels.
Under the contract, the company will deliver 61 military-specification data storage units designed for the aircraft’s operations. The systems feature hot-swappable canisters with high-capacity NVMe flash storage, enabling rapid removal for secure data offload in airborne environments.
The order is expected to contribute to the company’s revenue throughout 2025, adding to the more than $45 million in total contracted revenue OSS has received to date for this aircraft program.
"Our success on the P-8A program reinforces the value of our growth strategy as we pursue additional multiyear platform opportunities across defense and commercial markets," said Mike Knowles, OSS President and CEO.
The P-8A Poseidon is a long-range maritime patrol aircraft used for anti-submarine warfare, surveillance, and reconnaissance operations. The storage solutions from OSS are designed to enable data capture and transfer for the aircraft’s sensor systems.
One Stop Systems specializes in rugged enterprise-class compute solutions for artificial intelligence and sensor processing applications in challenging environments, including defense, aerospace, and autonomous vehicle sectors.
In other recent news, One Stop Systems reported its first-quarter 2025 earnings, revealing a net loss and a revenue miss that fell short of expectations. The company posted an earnings per share (EPS) of -$0.07, missing the forecasted -$0.0267, and revenue came in at $12.26 million, below the anticipated $13.51 million. Despite the financial shortfall, the company improved its consolidated gross margin to 32.6%, a 320 basis point increase from the previous year. Looking ahead, One Stop Systems has set its annual revenue guidance for 2025 at $59-61 million, with expectations of achieving breakeven EBITDA. Additionally, One Stop Systems announced the appointment of retired Lieutenant General David Bassett to its Board of Directors, bringing significant defense expertise to the company. This appointment is aligned with the company’s growth initiatives, particularly in enhancing the compute power of U.S. Army vehicles. The company is also pursuing a potential $200 million contract with the U.S. Army, reflecting its strategic focus on defense and AI solutions.
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