Good day and welcome to the One Stop Systems 4 Quarter 2025 conference call and webcast. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. As a reminder, this call is being recorded. As part of the discussion today, the representatives from OSS will be making certain forward-looking statements regarding the company's future financial and operating results including those relating to revenue growth as well as business plans, bookings, the company's notalier strategy, business objectives, and expectations. These statements are based on the company's current beliefs and expectations and should not be regarded as a representation by OSS that any of its plans or expectations will be achieved. Please be advised that these four knocking statements are covered under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and that OSS desires to avail itself of the protections of the harbor number for these statements. Please also be advised that actual results could differ naturally from those stated or implied by the forelooking statements due to certain risks and uncertainties, including those described in the company's most recent annual report on Form 10 , subsequent quarterly reports on Form 10 , current reports on Form 8 , and recent press releases. Please read these reports and other future filings that OSS will make with the SEC. OSS disclaims any duty to update or revise its far-looking statements, except as required by applicable law. It is now my pleasure to turn the conference over to OSS President and CEO. Mr. Mike Knowles, please go ahead, sir.

Mike Knowles, President of the United States of America, significant year-over-year growth in both revenue and profitability in commercial markets. Importantly, we believe these trends further creation AI, autonomy, and sensor-driven applications at the edge. Markets that we expect to reflect the opportunistic sale of our wholly-owned subsidiary, Bresner, in December of 2025 for proceeds of $22.4 million, subject to final closing working capital balances, discontinued operations. And the results we are discussing today reflect the performance of the remaining market-leading enterprise year-over-year to $8.1 million, reflecting growth across both our defense and commercial businesses. Support the P-8 Poseidon aircraft, a long-range multi-mission maritime control aircraft used for anti-submarine warfare, surveillance, and reconnaissance operations. From increased activity related to the design, development, compute systems for next multi-year defense platform. Reflecting the growing adoption of our solutions in high-performance, data-intensive Rather, these drivers really staged program engagement, fast deployable compute solutions of 1.8. In 12 months, booked several key program wins and a leading U.S.-based prime defense contractor in support of the P8. $1.1 million and $6.5 million range of an aggregate company building a network of autonomous energy nodes for emerging alternative energy-powered data sets. The quarter was valued at over 500. Being deployed in next-generation efficiency, fast compute, our career deployments across a broader set of companies. order bookings of $15 million nearly equal the total bookings we generated for the full year of 2023, one that is closely aligned with our that we could believe can scale across best compute solutions. Opportunities are primarily going to see more international opportunities emerge. R&D remains a critical company. They position OSS early in the life cycle of next generation with key customers and create a clear pathway to the future of production programs as these technologies move from development to deployment requirements and plan for future compute architectures and OSS is becoming increasingly less compute solutions supporting next generation multiple years to mature we believe these engagements position OSI's compute solutions for demanding applications and create multi-year revenue operations year over year in the first quarter and we expect additional growth through 2026 development effort quarter of 2025 we led the way in our market with the introduction of our next generation PCIe Gen 6 that is designed to address the RAPs and GPUs, high-speed storage systems, and compute infrastructure continue to expand and start to 2026. By the compute and storage needs of our customers, supporting our customers' development efforts and converting our pipeline, including supply chain dynamic components, including increasing contribution for customer-funded development programs to advance new technologies alongside our costs in key areas of the business including sales and deep in relationships with strategic customers pipeline of opportunities to continue building momentum 51 point pricing operational

improvement and showcasing the strong value that we provide us to be bizarre strong collections and working capital management drove a record amount of free cash flow from continuing operations money has never been in a stronger in a robust pipeline we believe we're on track to achieve our 2026 guidance and to execute on our growth in $3.1 million compared to $5.2 million last year-over-year increase in total revenue was primarily due to higher sales to a Defense Prime customer of data storage products to support the P-8 aircraft and OEM of liquid-cooled server development and delivery of prototype compute systems. This year, customer-funded development programs absorption due to mid-30s to mid-30s. For the first quarter, the company reported a a GAAP net loss from continuing operations of 0.4 million, or one cent, per diluted share, compared to a net loss from continuing operations of 2.3 million or 11 cents per share. The body reported non-GAAP net income from continuing operations of 0.3 million, or 1 cent per diluted share, compared to non-GAAP net loss from continuing operations of 1.7 million or 0.8 cents per share. in the prior year quarter. Continuing operations, a non-GAAP metric, was $0.2 million. Compared to an adjusted EBITDA loss from continuing operations of $1.6 million in the operating activities was a record for a three-month period, as we saw a robust quarter of collections and prudently managed in continuing operations for the three months ended March 31, 2026, continuing operations of $1.5 million outstanding. $7 million as of March 31, 2026, $2 million at December 31, 2020, including revenue growth in the range of 20% to 25%. Q1 supports our planned ramp in the setting to navigate a dynamic supply chain environment. Execution, including managing our supply chain to convert customer demand into revenue, profit, and cash. Investing in our technology, pursuing M&A opportunities, and securing new platforms that may provide sustained multi-year revenue.

Thank you, ladies and gentlemen. If you'd like to ask a question, please press star 1 on your telephone keypad. If you'd like to withdraw your question, press star 2. One moment, please, for your first question. Your first question comes from Scott Searle from Roth Capital. Please go ahead.

Hey, good morning. Thanks for taking the questions. Congrats on the quarter and the outlook. Hey, maybe just for starters, Mike, Dan, could you give us a little bit of an idea of the mix of business in the quarter between defense and commercial, and then maybe to dig in a little bit on the supply chain front. It sounds like there are some headwinds. I'm wondering if you could dig in a little bit more in detail to give us some color in terms of, you know, where does memory fit in the bomb? Is it a cost issue from a bomb standpoint in gross margins or just general availability as you look out into the second half of this year, and is that the primary constraint? And Mike, as well, ongoing military activities, I think there have been some concerns that potentially it's a distraction in terms of the ability to you know progress existing opportunities based on your comments it doesn't sound like that's been the case as you started to move forward on a couple of different fronts and expand that pipeline I'm wondering if you could just expand on that a little bit and then I had a follow-up that are expected to scale over time as we go

through the year and into future years extended lead times for other components including our deliveries runs through that memory than what we saw last year pricing has certainly moved up I think there's months ago I think that volatility has moderated so you know sort of plateaued it up at a high pricing perspective in general we we don't aim to absorb those price increases we pass them along to our customers and it's certainly a market market-wide dynamic not unique to OSS so generally we've been successful in doing that but every bid has its own customer and competitive dynamics and so we we evaluate those bids individually turn over to Mike yeah no great Dan summary on the supply The biggest long-term impact has really been on the memory, and it's a moderate portion of the bond.

We've been able to manage the rest or purpose-built really just in those components, and we've got a number of risk mitigation actions we've been working to help mitigate the risk as it goes through across our systems, and it really is just one component. Unfortunately, it's a fairly standard component, and then people are executing against bookings or planned orders for the year. We built into the plan and anticipated there may be the forces that are put out, so there is a time factor, but to date so far we have not seen a big impact on time for 2026. In these kinds of experience battle plans in the area, and to become more efficient in the very we generally being in the lab and some of the places where position we are looking for that to hopefully turn to opportunity for next year as we have the opportunity of compute and

low latency opportunity and execution very helpful and and if i could you know to just follow up on the uh the opportunity the unfactored opportunity pipeline i think you indicated that it's up significantly from the prior number you guys had talked about it being 1 billion um and it sounds like there are growing size opportunities within that. I'm wondering if you could expand on that a little bit. And as it relates to some of the near-term opportunities, particularly the advanced vision systems for military vehicles, kind of a timeline for that to convert maybe into production. And then as we look to 27, I think the long-term targets you guys have talked about for growth of 20 to 30 percent, given all the activity that's going on in the pipeline, given how you're starting to convert some of that into orders. Do we see an inflection in 27 towards the higher end of that long-term target range?

Organic growth out of things that we're doing. We just see those come to front. This is the abilities that we're compute and sensor and for low latency to move a couple other capabilities. We mentioned one in our press release about the enhanced vision system, and we continue to work some additional opportunities where that compute infrastructure is starting and form the basis for sensor distribution at extremely low latency. So we continue to prosecute those. We're seeing them across opportunities across the other services where we could find these potential larger transformational programs of records, but no distinct timing on any of those.

Thanks so much. Congrats on the quarter in Outlook. Again, I'll get back in the queue.

Your next question comes from Eric Martinuzzi from Lake Streets. Please go ahead.

Yeah, I wanted to ask sort of a guidance philosophy question. It sounds like if there were not the supply chain issues, there's a chance you could have actually bumped up your outlook for 2026. Am I reading that the right way?

Dynamic, including memory. So the timing of our biggest risk for the year, it's a risk that supply chain, and I think we'll have increasing visibility into that as we move.

And is there, with the booking success you had in Q1, was any of that kind of, I don't know, Q2 or Q3 over a pull forward, or was it just a normal course?

You know, we had factored, and, you know, maybe the initial awards weren't huge, and so overall, I think...

Thanks for taking my questions.

Your next question comes from Brian Kinslinger from Alliance Global Partners. Please go ahead.

This is Kevin for Brian. Thanks for taking our questions. First, can you provide updates on both the autonomous robotics for construction and mining as well as the aerospace programs for passenger cabin systems? When do you expect each might move into production from Elrit?

News on that coming in months and quarters is that program space now, and then we'll look to 2027.

Thanks. And then are there any, can you provide any updates on the liquid cooling system for medical imaging where a tech refresh is pending? How will a tech refresh impact this production program?

Yeah, in forecast for the year with the medical imaging company opportunity, we're afraid to being able to put in even additionally more compute or lower latency to continue, much like with this customer, with all our customers, to engage in the opportunity where and if needed to be able to provide quick updates in compute and latency. Great, thanks.

And then lastly, could you provide an update on the Autonomous Maritime application? Has testing been completed and do you still expect production orders this year?

Or is it received early enough? Great, thanks.

That's all from us.

And there are no further questions at this time. Ladies and gentlemen, this concludes today's conference call. You may now disconnect. Thank you.