Osi Systems Stock Price, News & Analysis

OSI Systems, Inc. (NASDAQ: OSIS) announced a $29 million order for cargo and vehicle inspection systems from an international customer. This award will support the customer’s screening requirements at ports and borders, as stated by Chairman and CEO Deepak Chopra. OSI Systems specializes in electronic systems for critical applications in various sectors, including homeland security and healthcare. With over 40 years of experience, the company aims for expansion into selective markets.

OSI Systems, Inc. (NASDAQ: OSIS) has secured a contract worth approximately $12 million from an international client to supply multiple units of the Eagle® M60 mobile high-energy cargo and vehicle inspection system, including follow-on services and support. CEO Deepak Chopra expressed enthusiasm for the order, highlighting the system's capability to enhance security at checkpoints. OSI Systems continues to leverage over 40 years of expertise in specialized electronic systems across critical sectors such as homeland security and defense.

OSI Systems (NASDAQ: OSIS) announced a $12 million contract from an international customer for its Security division. The contract includes delivery of the Eagle® P60 ZBx drive-through cargo inspection system, optical under vehicle inspection system (UVIS), and additional security solutions. The company aims to enhance border security through this deployment.

CEO Deepak Chopra expressed optimism regarding the order, emphasizing the role of both new systems and solutions from a recent acquisition in supporting this initiative.

OSI Systems (NASDAQ: OSIS) announced its Optoelectronics and Manufacturing division received $4 million in orders from a major defense contractor. These orders are for electronic sub-assemblies used in critical data communication systems. CEO Deepak Chopra expressed pride in supporting this long-term customer, emphasizing the importance of their mission-critical systems used globally. OSI's extensive experience spans over 40 years in specialized electronics for defense, healthcare, and homeland security industries, with production facilities across multiple countries.

OSI Systems, Inc. (NASDAQ: OSIS) will present at the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022, at 9:45 AM ET. Interested parties can listen to the live webcast via the investor relations section of the OSI Systems website.

OSI Systems is a leading designer and manufacturer of electronic systems across various fields, including homeland security, healthcare, defense, and aerospace. With over 40 years of experience, the company is expanding into selective product markets globally.

OSI Systems reported Q3 FY2022 revenues of $290.5 million, a 2.4% increase from the prior year, with a net income of $42.7 million or $2.41 per diluted share. Non-GAAP EPS was $1.43. The company has a strong backlog of $1.2 billion, up 14% from last fiscal year's end. Operational cash flow was $38.4 million. The company reiterated guidance for FY2022 revenues between $1.160 billion and $1.195 billion, with non-GAAP EPS expected between $5.75 and $6.02.

OSI Systems, Inc. (Nasdaq: OSIS) announced its quarterly conference call scheduled for April 28, 2022, at 1:30 PM PT, to discuss results for the quarter ending March 31, 2022. The call can be accessed via webcast on the company’s investor relations website. A replay will be available from 3:00 PM PT on April 28 until May 12, 2022. OSI Systems is a vertically integrated designer and manufacturer specializing in electronic systems for critical applications in various sectors, including homeland security and healthcare.