OSS is up 71% over the last year. The company provides software solutions to the oil and gas pipeline industry in Canada, Australia, and the United States. Some players who offer competing software are Bentley Systems (BSY), Honeywell International (HON), and AVEVA Group (AVV.L). Coming out of the lows of 2021, revenue growth has been very high and margins have been steadily improving. The balance sheet is also decent with no debt and a small amount of cash. Cash from operations and free cash flow have been a small negative although improving over the last few years. We think it is too small for consideration right now, but if it can grow revenue and start to generate positive cash flows it could be worth a look down the line due to the healthy balance sheet. Additionally, it's performance will likely be tied somewhat closely to oil and gas demand. We would watch OSS for now and see how it's growth progresses.
5i Research Answer: