Osi Systems Stock Price, News & Analysis

OSI Systems has announced a significant contract win worth approximately $29 million from an international customer. This contract will enable the company’s Security division to provide essential cargo and vehicle inspection systems along with baggage and parcel inspection systems. The agreement includes training and maintenance services as well. OSI Systems' CEO, Deepak Chopra, expressed optimism regarding the deployment of their inspection systems, highlighting the importance of this contract for their operational objectives.

Rapiscan Systems has announced the Accelerate Secure Trade, Transport & Events Summit during the Rapiscan Systems Classic PGA TOUR Champions Golf Tournament from March 28 – April 3, 2022. This event aims to enhance education on next-gen screening technology, addressing inspection inefficiencies at various entry points. The Summit will feature innovations for ports and airports, including a demo of the CertScan® integration platform to expedite trade from Guatemala. Since 2018, Rapiscan has raised over $3.37 million for local charities through its Birdies for Charity program.

OSI Systems reported Q1 revenues of $279.3 million, a 10% increase year-over-year. GAAP earnings per diluted share were $1.04, while non-GAAP EPS reached $1.16, marking a 9% growth. The book-to-bill ratio stood at 1.6 and backlog rose to $1.2 billion, up 15% from June 2021. Despite supply chain challenges, the Security division saw an 11% revenue growth. The company maintains its FY 2022 revenue guidance of $1.190 - $1.225 billion and non-GAAP EPS guidance of $5.72 - $6.00.

OSI Systems has announced a quarterly conference call scheduled for October 28, 2021, at 9:00am PT, to discuss its financial results for the quarter ending September 30, 2021. Investors can access the live webcast through the investor relations section of www.osi-systems.com. A replay will be available from 12:00pm PT on the same day until November 12, 2021. OSI Systems specializes in electronic systems for industries such as homeland security and healthcare.

OSI Systems, Inc. (NASDAQ: OSIS) has secured a $6 million order from a wireless communication technology OEM for electronic sub-assemblies. The company's Chairman and CEO, Deepak Chopra, expressed enthusiasm about continuing to support the customer's advanced technology solutions. OSI Systems specializes in designing and manufacturing electronic systems and components for critical sectors, including homeland security and healthcare, leveraging over 40 years of industry experience.

OSI Systems, Inc. (NASDAQ: OSIS) announced a significant achievement with its Security division securing an indefinite delivery, indefinite quantity (IDIQ) contract from the U.S. Customs and Border Protection for low-energy portal (LEP) x-ray systems, valued at up to $390 million. This contract extends for five years and includes two delivery orders totaling about $200 million. The systems will enhance non-intrusive inspections at border crossings, contributing to efficient detection of illicit materials. The company aims to support the mandated 100% scanning requirement at these borders.