Revenue up 57% to $58.3 Million in FY19 for One Stop Systems

One Stop Systems, Inc. reported preliminary unaudited revenue results for the fourth quarter and for the year ended December 31, 2019.

The company expects record 4FQ19 revenue of approximately $18.4 million, an increase of 28% as compared to 4FQ18. For FY19, the company expects record revenue of approximately $58.3 million, an increase of 57% over 2018.

Revenue for both the 4FQ19 and FY19 are expected to exceed the top ranges of the company’s previously issued guidance by approximately $900,000 and $300,000, respectively.

“Our record growth in 2019 resulted from growth of our major customers, new design win revenue and revenue from acquisitions,” said Steve Cooper, president and CEO. “It also reflects our expanding presence in the worldwide market for specialized high-performance edge computing.”

These preliminary unaudited results are estimates only and are subject to revision until the company reports its financial results for 4FQ19 and audited financial results FY19 ended December 31, 2019, which it expects to report in March 2020.