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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.
OSI Systems, Inc. (NASDAQ: OSIS) reported its financial results for Q2 and the first half of fiscal 2021, highlighting record adjusted earnings despite revenue declines. Q2 revenues were $276.0 million, down from $305.3 million year-over-year, with net income of $20.0 million, or $1.10 per diluted share. Non-GAAP net income saw an increase to $24.6 million, or $1.35 per share. The company has raised its revenue guidance to $1.110 - $1.145 billion and non-GAAP EPS guidance to $5.00 - $5.35, reflecting a strong backlog of $1.031 billion.
OSI Systems, Inc. (Nasdaq: OSIS) will hold its quarterly conference call on January 28, 2021, at 9:00 am PT to discuss results for the quarter ending December 31, 2020. The call will be webcast through the investor relations section on the company website. A replay will be available from 12:00 pm PT on the same day until February 11, 2021. OSI Systems specializes in designing and manufacturing electronic systems for critical applications across the homeland security, healthcare, defense, and aerospace sectors, leveraging over 40 years of experience.
OSI Systems, Inc. (NASDAQ: OSIS) has secured a $10 million contract for its Z Backscatter® Van (ZBV®) cargo and vehicle inspection systems. This contract includes multi-year maintenance and support, enhancing the company's footprint in mobile inspection technology. CEO Deepak Chopra highlighted the ZBV's rapid deployment capabilities and its role in safeguarding critical areas by providing advanced threat detection.
OSI Systems operates in sectors like homeland security, healthcare, defense, and aerospace, leveraging over 40 years of experience.
OSI Systems (NASDAQ: OSIS) announced a $13 million order from its Scandinavian distributor for various screening technologies. This order includes 920CT checkpoint baggage scanners, Orion® baggage scanners, and Metor® 900M walk-through metal detectors for two major Scandinavian airports. CEO Deepak Chopra expressed pride in these awards, emphasizing the deployment of these products for screening outbound passengers and baggage.
OSI Systems operates in the homeland security, healthcare, defense, and aerospace industries, leveraging over 40 years of experience.
OSI Systems (NASDAQ: OSIS) announced a $12 million order from an international customer for X-ray cargo and vehicle inspection systems. This includes the Z Portal®, a high-throughput inspection system for trucks, and the ZBV®, a mobile inspection system for flexible security checkpoints. The company will also provide follow-on maintenance and support services. CEO Deepak Chopra expressed satisfaction with this order, highlighting the company's commitment to enhancing the customer's security infrastructure.
OSI Systems (NASDAQ: OSIS) announced a significant order worth approximately $6 million from its Optoelectronics and Manufacturing division. The order involves providing smart grow light controllers for a leading OEM in the gardening industry. CEO Deepak Chopra expressed enthusiasm about the order, highlighting the company's commitment to supporting its clients in this sector. This contract strengthens OSI Systems' position in the electronic systems market and contributes to its strategic growth.
OSI Systems reported financial results for the first quarter of fiscal 2021, with revenues of $254.9 million, down 12% from the previous year. Net income was $9.3 million ($0.51 per diluted share), compared to $20.7 million ($1.10) in Q1 fiscal 2020. The company recorded a strong book-to-bill ratio of 1.6 and an increase in backlog to $1.0 billion. Operating cash flow was $54 million, up from $25 million a year ago. OSI raised its fiscal 2021 revenue guidance to $1.100 billion - $1.142 billion and non-GAAP EPS guidance to $4.65 - $5.10.
OSI Systems (NASDAQ: OSIS) has secured multiple contracts worth approximately $93 million from an international government customer. These contracts involve the provision of various Rapiscan® systems, including X-ray cargo and vehicle inspection systems, baggage and parcel inspection systems, and trace detection systems, along with follow-on maintenance and support services. CEO Deepak Chopra expressed anticipation in enhancing the customer’s critical infrastructure for border security.
OSI Systems, Inc. (Nasdaq: OSIS) will hold its quarterly conference call on October 29, 2020, at 9:00 AM PT to discuss its financial results for the quarter ended September 30, 2020. Investors can access the call via the company’s investor relations website, and a replay will be available from 12:00 PM PT on October 29 until November 12, 2020.
OSI Systems specializes in electronic systems for critical applications, serving sectors like homeland security, healthcare, defense, and aerospace.
OSI Systems (NASDAQ: OSIS) announced a new order worth approximately $6 million for upgrading aviation checkpoint inspection systems from its Security division. This purchase reflects OSI's commitment to enhancing security screening solutions globally. Chairman and CEO Deepak Chopra emphasized the company's role as a leader in security technologies for passengers, baggage, and cargo. OSI Systems combines over 40 years of experience in electronics engineering, manufacturing specialized systems for critical applications in various industries.
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