One Stop Systems (OSS) investor relations material

Executive summary

• Q2 2026 revenue grew 62.3% year-over-year to $9.3 million, driven by new and existing customers in medical, defense, and autonomous equipment markets.

• Record quarterly bookings of $15.1 million and year-to-date bookings of $30 million, with a book-to-bill ratio of 1.7 year-to-date.

• Strategic focus sharpened after the sale of the European/Bressner subsidiary, making the company a pure-play provider of ruggedized AI and high-performance compute platforms.

• Legal settlement of $6.25 million related to a former customer dispute impacted Q2 results.

• Customer base expanded with multiple new customers and larger, multi-year production programs.

Financial highlights

• Q2 2026 revenue from continuing operations was $9.35 million, up from $5.76 million last year; H1 2026 revenue was $17.42 million.

• Gross margin was 39.1%, down from 41.3% in the prior year, due to higher customer-funded development and early-stage production mix.

• GAAP net loss from continuing operations was $7.3 million ($0.29/share), including the legal settlement; non-GAAP net loss was $0.2 million ($0.01/share).

• Adjusted EBITDA loss improved to $0.3 million from $1.8 million in the prior year.

• Cash, equivalents, and short-term investments totaled $31.4 million; working capital was $38.1 million as of June 30, 2026.

Outlook and guidance

• Full-year 2026 revenue growth guidance raised to 25%-30%, up from 20%-25%.

• Full-year gross margin expected at approximately 40%.

• Positive EBITDA and adjusted EBITDA anticipated for the year, inclusive of strategic investments.

• Growth expected across core defense and commercial markets, with higher customer-funded development revenue.

• Sufficient liquidity is anticipated for at least the next twelve months, with ongoing evaluation of capital needs for potential acquisitions.