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One Stop Systems Inc (NASDAQ:OSS) shares are trading lower Thursday afternoon. The retreat follows a historic rally that pushed the AI defense specialist to a new 52-week high earlier in the session.
Profit-Taking Hits AI Defense Play
The downside move primarily reflects aggressive profit-taking. On Wednesday, the stock skyrocketed 57.47% to close at $15.38.
Massive Q1 Earnings Beat
The volatility comes after OSS reported blowout first-quarter results. Revenue from continuing operations jumped 55% to $8.1 million. This easily cleared the $7 million analyst consensus. The company reported adjusted earnings per share of one cent, beating the expected four-cent loss per …
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