Computing company One Stop Systems (NASDAQ:OSS) saw a boost in its tech stock price Thursday after unveiling the first PCIe Gen 4 backplane at this week’s GPU Technology Conference in San Jose, California.
OSS’s PCIe Gen 4 speeds up performance significantly over the previous Gen 3 by doubling the interconnect bandwidth. This high-performance computing product, which provides 16 GT/s per lane, or 256 GT/s in a x16 PCIe Gen 4 slot, also alleviates bottlenecks between CPU complexes and accelerators, storage, and IO devices.
“We have been consistently first-to-market with each new generation of PCIe technology, and Gen 4 is no exception,” said OSS CEO Steve Cooper in the press release. “OSS PCIe backplanes form the core of our high-performance computing products, and our new Gen 4 backplane offers double the IO performance. Our customers in the HPC, military, media and entertainment markets can now take advantage of the additional bandwidth available in Gen 4-equipped servers, and be ready when Gen 4 IO cards hit the market.”
At end of day Thursday, OSS stock closed at $2.52 USD. After hours at 7:45pm EST, the tech stock was trading at $3.35, up $0.83 (+32%) on the Nasdaq exchange.
OSS Revenue Up 104% in Q4 2018
The company also released its fourth quarter and full year 2018 results on Thursday, which boasted a net revenue increase of 104% to $14.4 million for Q4, and 34% to $37 million for the full year.
OSS reported that revenue on an organic basis, which excludes 2018 acquisitions, went up by 42% to $10 million in the fourth quarter and 18% to $32.5 million for the full year. The company says the growth was primarily driven by major OSS customers ramping up production, which includes increased sales of flash arrays to an airborne military customer, and increased server sales to an OEM media and entertainment customer.
About One Stop Systems
One Stop Systems is a tech stock that designs and manufactures innovative specialized, high-performance computing building blocks and platforms for original equipment manufacturers (OEMs). The OEMs provide systems to scientists, engineers, creators, and other professionals who push the boundaries of their industries.
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