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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.
OSI Systems, Inc. (Nasdaq: OSIS) will hold its quarterly conference call on April 27, 2023, at 9:00am PT to discuss the results for the quarter ending March 31, 2023.
The call will be webcast through the investor relations section of the company’s website. A replay of the call will be available from 12:00pm PT on April 27, 2023, until May 11, 2023 at the same location.
OSI Systems specializes in electronic systems and components for critical applications, leveraging over 40 years of experience and a global presence to expand into selected markets.