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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 has announced a new order valued at approximately $5 million from a U.S. customer to service its baggage and parcel inspection (BPI) systems as well as cargo screening systems. This development reflects OSI Systems’ commitment to providing ongoing support for its existing networks of equipment. The company has over 40 years of experience in engineering and manufacturing specialized electronic systems for sectors such as homeland security, healthcare, defense, and aerospace.
OSI Systems announced an order worth approximately $16 million from its Security division for maintenance and support of U.S. aviation checkpoint inspection systems. CEO Deepak Chopra expressed satisfaction with the order and the ongoing support for the installed systems. OSI Systems specializes in designing and manufacturing electronic systems for critical applications across multiple sectors, including homeland security and defense. This order underscores the company's commitment to maintaining its systems and solidifying its market position.
OSI Systems announced an order valued at approximately $8 million from a prominent GPS tracking solutions provider for the automotive sector. This contract falls under OSI's Optoelectronics and Manufacturing division, indicating strong demand in the automotive industry. CEO Deepak Chopra expressed enthusiasm in continuing to serve their customer’s needs. OSI Systems specializes in manufacturing electronic systems for critical applications across various sectors, including homeland security and healthcare.
OSI Systems (NASDAQ: OSIS) announced a $6 million order from an international customer for its Rapiscan® 600 series baggage and parcel inspection systems, including accessories and ongoing maintenance. The order underscores the company's commitment to enhancing customs operations through efficient screening technology. Chairman and CEO Deepak Chopra expressed enthusiasm for supporting this important customer, reinforcing OSI Systems' position in the homeland security market, which relies on over 40 years of engineering experience.
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.