Exhibit 99.1



OSS Reports Q3 2020 Revenue up 12% to $13.0 Million Sequentially,

Driving Net Income to $858,000 or $0.05 per Share

ESCONDIDO, Calif., November 12, 2020

– One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized high-performance edge computing, reported results for the third quarter and nine months ended September 30, 2020. All quarterly and first nine-month comparisons are to the same year-ago period unless otherwise noted.

Q3 2020 Financial Highlights



Revenue totaled $13.0 million, up 12% sequentially from Q2 2020, and was lower by 13% versus the same year-ago quarter due to COVID-19-related issues.



Gross profit margin improved to 37.8% from 28.6% in Q2 2020 and 33.7% in Q3 2019.



Operating expenses decreased 15% from the year-ago quarter to $3.9 million.



Net income was up 57% to $858,000 or $0.05 per share.



Non-GAAP net income increased 38% to $1.2 million or $0.07 per share (see definition of this and other non-GAAP measures and reconciliation to GAAP, below).



Adjusted EBITDA, a non-GAAP term, increased 50% to $1.6 million from $1.0 million.



Cash and cash equivalents totaled $5.5 million at September 30, 2020, up from $4.7 million at June 30, 2020, with current cash balances of approximately $5.4 million.

First Nine Months 2020 Financial Highlights



Revenue was $38.0 million, lower by 5% due to COVID-19-related issues.



Operating expenses decreased 19% to $12.6 million.



Loss from operations improved by $1.7 million to $938,000.



Net loss on a GAAP basis totaled $250,000 or $(0.02) per basic and diluted share, improving from a net loss of $2.0 million or $(0.13) per basic and diluted share. On a proforma basis, after giving effect to an adjustment for a goodwill impairment charge in the prior year, the change in net loss was basically flat compared to the same prior year period.



Non-GAAP net income totaled $773,000 or $0.05 per share, compared to non-GAAP net income of $1.0 million or $0.06 per diluted share.

Q3 2020 Operational Highlights



Received two purchase orders totaling $4.3 million for OSS mil-spec data storage units based on the existing $36 million, five-year supplier agreement for an airborne military radar application.



Won four new major programs, including industrial, medical and two new military programs for edge computing. Brought total wins so far this year to 13, one less than at this point last year, despite the impact of the pandemic.



Further reduced operating expenses by more than $1.2 million, keeping the company on track for a target of $2.5 million to $3 million in reduced operating costs on an annual basis.



The following information was filed by One Stop Systems, Inc. (OSS) on Thursday, November 12, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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