Welcome to our dedicated page for OSI Systems news (Ticker: OSIS), a resource for investors and traders seeking the latest updates and insights on OSI Systems stock.
OSI Systems, Inc. (OSIS) is a diversified global enterprise with over 30 years of expertise in electronics engineering and manufacturing. The company is focused on creating solutions for a safer and healthier world through its three primary business segments: Security, Healthcare, and Optoelectronics and Manufacturing. With offices and production facilities in more than a dozen countries and employing over 3,000 people, OSI Systems is a key player in multiple industries.
In the Security segment, OSI Systems, through its subsidiary Rapiscan Systems, is a global leader in security screening, with over 70,000 systems installed across more than 100 countries. These products are known for their outstanding threat detection, proven reliability, and exceptional value.
The Healthcare segment, represented by Spacelabs Healthcare, focuses on innovative patient monitoring, diagnostic cardiology, ventilation systems, and defibrillators. Their aim is to connect innovation with care, providing healthcare professionals with the tools necessary to improve patient outcomes.
Lastly, the Optoelectronics and Manufacturing segment designs and manufactures specialized electronic components and provides engineering and manufacturing services. These offerings serve both the Security and Healthcare segments, as well as external original equipment manufacturers (OEMs).
OSI Systems' commitment to solving real-world problems and issues is evident through its continuous innovation and strategic partnerships. The company prides itself on helping security experts, clinical professionals, and high-tech developers by delivering high-quality, reliable products.
Financially, OSI Systems generates the majority of its revenue from the Americas, with additional significant contributions from Europe, the Middle East, Africa, and the Asia-Pacific regions. The company's robust product portfolio and strategic presence globally make it a significant player in its field.
Stay updated with the latest news and developments from OSI Systems to better understand their market performance and strategic moves.
Spacelabs Healthcare, a division of OSI Systems, has announced an extension of its partnership with Masimo to integrate advanced patient monitoring technologies into Spacelabs multi-parameter monitors. The collaboration will include SET pulse oximetry, NomoLine capnography, and other innovative monitoring solutions.
Both companies aim to enhance patient care by providing deeper insights into patients' physiological conditions, thereby improving outcomes for healthcare providers and patients alike.
OSI Systems (Nasdaq: OSIS) reported Q3 and nine-month financial results for fiscal 2021, showcasing resilience amid pandemic challenges. Q3 revenues were $283.8 million, down from $292.9 million a year earlier, with net income at $18.8 million ($1.03/share) compared to $19.6 million ($1.06/share) in Q3 2020. Nine-month revenues totaled $814.7 million, down from $889.1 million, with net income of $48.2 million ($2.63/share). Notably, the company anticipates Q4 sales growth of 11%-20% and has a robust backlog of $1.063 billion, supporting optimistic fiscal year-end guidance.
OSI Systems (NASDAQ: OSIS) announced its Security division has been awarded an IDIQ contract by the U.S. Customs and Border Protection for multi-energy portal x-ray systems. The contract has a potential value of $480 million and includes a five-year ordering period with up to ten years for maintenance support. CEO Deepak Chopra expressed excitement about supporting CBP’s non-intrusive inspection program. The company specializes in electronic systems and components for homeland security, healthcare, defense, and aerospace industries.
OSI Systems announced that its division, Spacelabs Healthcare, has secured a three-year Premier agreement for physiological patient monitoring and non-invasive cardiology solutions. This agreement aims to provide value to numerous hospitals and health systems served by Premier. Shalabh Chandra, President of Spacelabs, emphasized that as a US-based manufacturer, they can quickly fill orders to meet hospital needs.
OSI Systems (NASDAQ: OSIS) has announced the renewal of its group purchasing contract with Premier, Inc., a significant healthcare improvement organization in the U.S. This collaboration will enable OSI's Healthcare division, Spacelabs Healthcare®, to continue providing advanced patient monitoring systems to Premier's members. CEO Deepak Chopra expressed satisfaction with the ongoing partnership, affirming OSI Systems' commitment to delivering innovative patient monitoring solutions.
OSI Systems, Inc. (Nasdaq: OSIS) will host its quarterly conference call on April 29, 2021, at 9:00 AM PT to discuss the financial results for the quarter ending March 31, 2021. The call will be accessible via webcast on the company's investor relations website. A replay will be available from 12:00 PM PT on the same day until May 13, 2021. OSI Systems focuses on designing and manufacturing specialized electronic systems for critical sectors such as homeland security, healthcare, defense, and aerospace, leveraging over 40 years of expertise.
OSI Systems, Inc. (NASDAQ: OSIS) announced a multi-year contract valued at approximately $16 million from an international client. This contract covers maintenance, repair, upgrades, and support services for various cargo, vehicle, and baggage inspection systems operational at customer checkpoints. CEO Deepak Chopra expressed enthusiasm for supporting the customer's border security objectives through this service agreement.
OSI Systems (NASDAQ: OSIS) has secured a contract worth approximately $6 million for operation and maintenance services of critical infrastructure facilities. This contract involves the operation of Rapiscan® Systems and AS&E® detection systems. CEO Deepak Chopra expressed pride in supporting this longstanding customer with their security missions. OSI Systems specializes in electronic systems and components for sectors including homeland security and healthcare, leveraging over 40 years of industry experience.
OSI Systems has announced a new order valued at approximately $5 million from a U.S. customer to service its baggage and parcel inspection (BPI) systems as well as cargo screening systems. This development reflects OSI Systems’ commitment to providing ongoing support for its existing networks of equipment. The company has over 40 years of experience in engineering and manufacturing specialized electronic systems for sectors such as homeland security, healthcare, defense, and aerospace.
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