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.
OSI Systems reported Q2 revenues of $277 million, with a GAAP EPS of $1.09 and a non-GAAP EPS of $1.28. The company ended the quarter with a backlog of $1.2 billion, a 12% increase from the previous year. While overall revenues remained stable year-over-year, net income decreased slightly from $20 million in Q2 2021 to $19.8 million in Q2 2022. The company has reduced its FY 2022 revenue guidance but increased its EPS guidance due to stronger operating margins, citing ongoing supply chain challenges and COVID-19 impacts.
OSI Systems, Inc. (NASDAQ: OSIS) announced its quarterly conference call scheduled for January 27, 2022, at 9:00am PT. This call will cover the company's results for the quarter ending December 31, 2021. A replay will be accessible from 12:00pm PT on January 27 until February 10, 2022. OSI Systems specializes in electronic systems and components for industries such as homeland security and healthcare, leveraging over 40 years of experience.
OSI Systems (NASDAQ: OSIS) has announced a new order worth approximately $5 million from a leading X-ray imaging OEM for electronic components. This order highlights the growing demand in the medical and industrial markets, as stated by CEO Deepak Chopra. OSI Systems is a vertically integrated manufacturer focusing on critical applications across various industries, including homeland security and healthcare.
OSI Systems, Inc. (NASDAQ: OSIS), through its division Spacelabs Healthcare, announced the launch of two new resting Electrocardiograph (ECG) devices: CardioPulse™ Go and CardioPulse™ Prime. These devices are designed to improve workflow for clinicians, featuring real-time patient data query and continuous connectivity. Their integration with Electronic Medical Records (EMR) aims to expedite patient care. With capabilities tailored for acute settings, these innovations reflect Spacelabs' commitment to enhancing healthcare technology.
OSI Systems has announced an amendment to its senior secured credit facility, increasing the borrowing amount from $535 million to $750 million. This includes a $600 million revolving credit facility and a $150 million delayed draw term loan. The maturity has been extended from April 2024 to December 2026. The changes provide enhanced operational and financial flexibility while maintaining favorable pricing. The interest rate for borrowings is at LIBOR + 1.0%.
OSI Systems, Inc. (NASDAQ: OSIS) will present at Imperial Capital’s 2021 Security Investor Conference on December 15, 2021, at 2:15 PM ET. Investors can access the live webcast through the investor relations section of the OSI Systems website.
OSI Systems is a leading designer and manufacturer of electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries, leveraging over 40 years of experience and a global presence.
OSI Systems has announced a significant contract win worth approximately $29 million from an international customer. This contract will enable the company’s Security division to provide essential cargo and vehicle inspection systems along with baggage and parcel inspection systems. The agreement includes training and maintenance services as well. OSI Systems' CEO, Deepak Chopra, expressed optimism regarding the deployment of their inspection systems, highlighting the importance of this contract for their operational objectives.
Rapiscan Systems has announced the Accelerate Secure Trade, Transport & Events Summit during the Rapiscan Systems Classic PGA TOUR Champions Golf Tournament from March 28 – April 3, 2022. This event aims to enhance education on next-gen screening technology, addressing inspection inefficiencies at various entry points. The Summit will feature innovations for ports and airports, including a demo of the CertScan® integration platform to expedite trade from Guatemala. Since 2018, Rapiscan has raised over $3.37 million for local charities through its Birdies for Charity program.
Summary not available.
OSI Systems reported Q1 revenues of $279.3 million, a 10% increase year-over-year. GAAP earnings per diluted share were $1.04, while non-GAAP EPS reached $1.16, marking a 9% growth. The book-to-bill ratio stood at 1.6 and backlog rose to $1.2 billion, up 15% from June 2021. Despite supply chain challenges, the Security division saw an 11% revenue growth. The company maintains its FY 2022 revenue guidance of $1.190 - $1.225 billion and non-GAAP EPS guidance of $5.72 - $6.00.