One Stop Systems, Inc. (NASDAQ:OSS) Q4 2023 Earnings Conference Call March 21, 2024 5:00 PM ET

Company Participants

Mike Knowles - President & Chief Executive Officer
John Morrison - Chief Financial Officer

Conference Call Participants

Scott Searle - ROTH MKM
Brian Kinstlinger - Alliance Global Partner
David Williams - Benchmark
Eric Martinuzzi - Lake Street
Joe Combs - Noble Capital

Operator

Good afternoon, and thank you for joining us today to discuss One Stop Systems Financial Results for the Fourth Quarter and Full Year Ended December 31, 2023.

With us today are the company's President and Chief Executive Officer, Mike Knowles, and its Chief Financial Officer, John Morrison. Following their remarks, we will open the call to your questions.

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

Now, I would like to turn the call over to OSS President and CEO, Mike Knowles. Sir, please go ahead.

Mike Knowles

Thank you, Ina. Good afternoon, everyone, and thank you for joining today's call.

This is an exciting time at OSS as we completed the strategic transition away from lower-margin media revenue, established a new management team and refocused our strategic growth priorities on large and rapidly evolving global markets.

Throughout 2023, we demonstrated continued progress in our efforts to pursue strategy focused on AI-centered high-performance computing at the edge, where platforms require data center level compute, storage and switching solutions. These solutions support AI and machine learning, sensor fusion, sensor processing and autonomy applications. We coined this market AI Transportables.

We will continue these efforts throughout 2024, backed by the strong influence of AI and ML demand in both the commercial and defense markets. Recent wins in both markets, combined with a growing pipeline of opportunities, continue to validate our strategic focus. We have also continued our efforts to strengthen our executive team and our Board of Directors, adding skills and experience that will help facilitate our strategy and enable the company to scale for growth.

Financially, we were able to further offset revenue from our former media customer with higher-margin revenue aligned with our strategy.

So, with this introduction, I want to provide an update on the growth strategies we are pursuing, our growing pipeline and recent wins that we believe will create lasting value for OSS and our shareholders.