Posted on November 25, 2020 by Aaron Warwick
OneSoft Solutions (OSS.V or OSSIF), a software technology company focused on the oil & gas pipeline business, dropped around 5% in early morning trading after an unimpressive Q3 2020 print. Despite the relative soft numbers from Q3, management provided some positive commentary in their guidance, including the fact that they do not believe they will need to tap into equity markets again given their current business prospects and cash burn rate. Furthermore, management noted they are responding to market feedback to their contract structure in an effort to win more business incrementally. Keep an eye on Breakout Investor Aaron Warwick’s page for continued coverage of OSSIF, or learn more about the company from his most recent Seeking Alpha article on the name.