One Systems jumps on Q3 revenue beat, higher outlook

One Stop Systems

11/11/2021 11:04

** Computer hardware maker's shares  OSS.O  up as much as
12.7% at $5.86, a peak since Sept. 7
    ** Co's Q3 revenue of $16.0 million, beat Refinitiv IBES
estimates of $15.9 mln  urn:newsml:reuters.com:*:nASA02S8M
    ** Revenue growth primarily driven by exceptional
performance from OSS' European subsidiary, Bressner, and
strengthening revenue from the company's large media and
entertainment customer-OSS
    ** OSS expects revenue of ~$17.1 million for Q4, which came
above analyst expectations of $16.5 mln
    ** Stock up ~30% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))