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. reports developments across a vertically integrated electronics business serving homeland security, healthcare, defense, aerospace and OEM manufacturing markets. The company operates through Security, Optoelectronics and Manufacturing, and Healthcare segments.
Recurring updates include quarterly results and guidance, Security division awards for inspection systems, screening solutions, radio frequency equipment and homeland defense applications, and Optoelectronics and Manufacturing programs for electronic components and sub-assemblies used by medical device and other OEM customers. Company communications also cover backlog, bookings, recurring service revenue, global manufacturing capacity and investor conference presentations.
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OSI Systems, Inc. (NASDAQ: OSIS) reported a revenue of $303 million for Q3 fiscal 2023, a 4% increase from $290.5 million in Q3 fiscal 2022. GAAP EPS was $1.27, down from $2.41 due to a prior-year gain on sale-leaseback. Non-GAAP adjusted EPS rose to $1.49 from $1.43. The backlog reached a record $1.5 billion, marking a 19% increase since June 30, 2022. Operating cash flow for Q3 was $65 million, significantly higher than $38.4 million in Q3 2022. The company maintains its fiscal 2023 revenue guidance of $1.240 billion to $1.265 billion and forecasted EPS between $6.02 and $6.25.