Osi Systems Stock Price, News & Analysis

OSI Systems, Inc. (OSIS) will hold its quarterly conference call on August 18, 2021, at 9:00 AM PT to review its financial results for the fourth quarter and fiscal year ending June 30, 2021. Interested parties can access the live webcast through the company's investor relations website. A replay will be available from 3:00 PM PT on the same day until September 1, 2021. OSI Systems specializes in electronic systems for various critical sectors, including homeland security, healthcare, defense, and aerospace.

Spacelabs Healthcare, a division of OSI Systems (NASDAQ: OSIS), has launched the Lifescreen™ Pro event screening system, enhancing its non-invasive cardiology offerings. This system builds on 40 years of expertise to provide rapid analysis of ambulatory ECG recordings, aiding cardiologists in diagnosing cardiac arrhythmias efficiently. The Lifescreen Pro enables quick differentiation between benign and concerning ECG recordings, streamlining the diagnostic experience for patients and healthcare providers. This innovation allows for faster patient care without needing a second visit, leveraging Spacelabs' Sentinel management system for seamless data access.

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.