Business Context and Reporting Period
Company: ONE STOP SYSTEMS, INC. (OSS)
Filing Type: Form 8-K (Current Report)
Date of Report: May 12, 2022
Reporting Period: First fiscal quarter ended March 31, 2022
Business Context: The filing serves as a Regulation FD disclosure incorporating a press release (Exhibit 99.1) regarding the Company's financial results for the quarter. The Company is an emerging growth company listed on The Nasdaq Capital Market.
Key Financial Metrics
The provided text is a cover sheet and disclosure notice for the Form 8-K. It references a press release containing the specific financial data but does not list the numerical values within this document.
- Revenue, Profit, Cash Flow, Margins: Not provided in this text; contained in Exhibit 99.1.
- Debt and Liquidity: Not provided in this text; contained in Exhibit 99.1.
- Non-GAAP Measures: The filing confirms the inclusion of non-GAAP financial measures and reconciliations to GAAP in the referenced press release.
Material Changes
The filing text does not provide specific data points to compare against the prior comparable period. It only states that the press release (Exhibit 99.1) contains the results of operations and financial condition for the quarter ended March 31, 2022.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing explicitly states that Exhibit 99.1 contains forward-looking statements. These are not guarantees of future performance and involve risks, uncertainties, and assumptions that may not prove accurate.
Management Commentary: Management believes the presentation of non-GAAP measures provides useful information to investors, though these should be considered in addition to, not as a substitute for, GAAP measures.
Legal Disclaimer: The information in Item 7.01 and Exhibit 99.1 is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, limiting liability for the forward-looking content.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 12, 2022) for actual revenue, net income, and cash flow figures, as they are not present in the 8-K cover text.
- Verify the reconciliation between Non-GAAP and GAAP financial measures provided in the press release.
- Assess the specific risks and assumptions underlying the forward-looking statements mentioned in the filing.
- Confirm the Company's status as an emerging growth company and any associated accounting standard transition periods.