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. (NASDAQ: OSIS) is a technology-focused manufacturer of specialized electronic systems and components serving homeland security, healthcare, defense, aerospace and other critical markets. The company operates through three divisions—Security, Optoelectronics and Manufacturing, and Healthcare—and regularly issues news about contracts, financial results and corporate developments.
News related to the Security division often covers orders for inspection and detection solutions and advanced radio frequency (RF)-based communication and surveillance systems. Recent announcements include multi-million-dollar international awards to deploy RF-based systems for naval operations and to deliver comprehensive radiological threat detection networks designed to monitor wide areas for radioactive sources.
Coverage of the Optoelectronics and Manufacturing division includes updates on orders from original equipment manufacturers, such as agreements to supply optical sensors for use in medical devices. These items highlight the division’s role as a supplier of optoelectronic solutions and precision manufacturing services for leading OEMs across military, aerospace, healthcare, security, telecommunications and industrial markets.
For the Healthcare division, company communications focus on patient monitoring, diagnostic cardiology and related services and supplies that support clinical care. In addition, OSI Systems regularly reports quarterly and annual financial results, including segment performance, non-GAAP metrics and updated outlook ranges, as seen in its fiscal 2026 first quarter earnings release.
Investors and analysts following OSIS news can expect updates on large security and defense-related contracts, healthcare technology deployments, optoelectronic component orders, capital markets activities such as convertible note offerings, and participation in investor conferences. This news page aggregates those developments to help readers track how OSI Systems’ three divisions are performing and how new awards and financial disclosures may influence the company’s business trajectory over time.
OSI Systems announced that its Healthcare division, Spacelabs Healthcare®, secured orders worth approximately $6 million from a U.S. hospital for patient monitoring solutions and related accessories. These products will be installed in critical care areas like operating rooms and ICUs, focusing on post-anesthesia, neonatal, and pediatric care. CEO Deepak Chopra expressed enthusiasm for the partnership and the benefits of their advanced solutions in providing comprehensive patient care.
OSI Systems (NASDAQ: OSIS) announced a significant contract valued at approximately $15 million for upgrading security systems at a major international airport. The order includes its RTT®110 hold baggage screening systems, alongside various checkpoint security solutions such as the Rapiscan 920CT and Orion® baggage scanners, Itemiser® 5x trace detection units, and Metor® walk-through metal detectors. This project aims to enhance airport security, as stated by Chairman and CEO Deepak Chopra.
OSI Systems announced a $4 million order from a U.S.-based hospital through its Healthcare division, Spacelabs Healthcare. The order includes advanced patient monitoring products, such as Xhibit Central Stations, Qube Patient Monitors, and Spacelabs SafeNSound patient management software. CEO Deepak Chopra expressed pride in providing these essential healthcare solutions to a prominent medical center. OSI Systems specializes in electronic systems for critical applications across various industries, boasting over 40 years of experience.
OSI Systems, Inc. (NASDAQ: OSIS) reported its financial results for Q2 and the first half of fiscal 2021, highlighting record adjusted earnings despite revenue declines. Q2 revenues were $276.0 million, down from $305.3 million year-over-year, with net income of $20.0 million, or $1.10 per diluted share. Non-GAAP net income saw an increase to $24.6 million, or $1.35 per share. The company has raised its revenue guidance to $1.110 - $1.145 billion and non-GAAP EPS guidance to $5.00 - $5.35, reflecting a strong backlog of $1.031 billion.
OSI Systems, Inc. (Nasdaq: OSIS) will hold its quarterly conference call on January 28, 2021, at 9:00 am PT to discuss results for the quarter ending December 31, 2020. The call will be webcast through the investor relations section on the company website. A replay will be available from 12:00 pm PT on the same day until February 11, 2021. OSI Systems specializes in designing and manufacturing electronic systems for critical applications across the homeland security, healthcare, defense, and aerospace sectors, leveraging over 40 years of experience.
OSI Systems, Inc. (NASDAQ: OSIS) has secured a $10 million contract for its Z Backscatter® Van (ZBV®) cargo and vehicle inspection systems. This contract includes multi-year maintenance and support, enhancing the company's footprint in mobile inspection technology. CEO Deepak Chopra highlighted the ZBV's rapid deployment capabilities and its role in safeguarding critical areas by providing advanced threat detection.
OSI Systems operates in sectors like homeland security, healthcare, defense, and aerospace, leveraging over 40 years of experience.
OSI Systems (NASDAQ: OSIS) announced a $13 million order from its Scandinavian distributor for various screening technologies. This order includes 920CT checkpoint baggage scanners, Orion® baggage scanners, and Metor® 900M walk-through metal detectors for two major Scandinavian airports. CEO Deepak Chopra expressed pride in these awards, emphasizing the deployment of these products for screening outbound passengers and baggage.
OSI Systems operates in the homeland security, healthcare, defense, and aerospace industries, leveraging over 40 years of experience.
OSI Systems (NASDAQ: OSIS) announced a $12 million order from an international customer for X-ray cargo and vehicle inspection systems. This includes the Z Portal®, a high-throughput inspection system for trucks, and the ZBV®, a mobile inspection system for flexible security checkpoints. The company will also provide follow-on maintenance and support services. CEO Deepak Chopra expressed satisfaction with this order, highlighting the company's commitment to enhancing the customer's security infrastructure.
OSI Systems (NASDAQ: OSIS) announced a significant order worth approximately $6 million from its Optoelectronics and Manufacturing division. The order involves providing smart grow light controllers for a leading OEM in the gardening industry. CEO Deepak Chopra expressed enthusiasm about the order, highlighting the company's commitment to supporting its clients in this sector. This contract strengthens OSI Systems' position in the electronic systems market and contributes to its strategic growth.
OSI Systems reported financial results for the first quarter of fiscal 2021, with revenues of $254.9 million, down 12% from the previous year. Net income was $9.3 million ($0.51 per diluted share), compared to $20.7 million ($1.10) in Q1 fiscal 2020. The company recorded a strong book-to-bill ratio of 1.6 and an increase in backlog to $1.0 billion. Operating cash flow was $54 million, up from $25 million a year ago. OSI raised its fiscal 2021 revenue guidance to $1.100 billion - $1.142 billion and non-GAAP EPS guidance to $4.65 - $5.10.
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