First quarter of 2025 consolidated gross margin increased 320 basis points year-over-year to 32.6%, on consolidated revenue of $12.3 million OSS segment gross margin of 45.5%, on OSS segment revenue of $5.2 million OSS segment experienced strong first-quarter bookings of $10.4 million Management continues to expect double-digit consolidated revenue growth in 2025 and consolidated EBITDA break even for the year ESCONDIDO, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- One Stop Systems, Inc.("OSS" or the "Company") (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML), autonomy and sensor processing at the edge, reported results for the three-month period ended March 31, 2025.
The following table sets forth net revenue by segment for the three months ended March 31, 2025, and March 31, 2024 (Dollars may not calculate due to rounding): Three Months EndedEntity:March 31,2025 % of NetRevenue March 31,2024 % of NetRevenue %ChangeOSS$5,206,810 42.5% $5,533,872 43.7% (5.9)%Bressner 7,052,277 57.5% 7,117,914 56.3% (0.9)%Total net revenue$12,259,088 100.0% $12,651,786 100.0% (3.1)% Consolidated gross margin percentage was 32.6% for the three months ended March 31, 2025, compared to 29.4% in the prior year quarter.
We do not consider adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results. For the Three Months Ended March 31, 2025 2024 Net loss$(2,017,634) $(1,339,622)Depreciation 223,847 289,547 Amortization of right-of-use assets net of change in lease liability (2,032) 55,997 Stock-based compensation expense 612,561 408,740 Interest expense 14,186 35,342 Interest income (72,511) (141,725)Provision for income taxes 109,466 191,269 Adjusted EBITDA$(1,132,116) $(500,452) (Dollars may not calculate due to rounding) Adjusted EPS excludes the impact of certain items and, therefore, has not been calculated in accordance with GAAP.
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