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, 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.
OSI Systems (NASDAQ: OSIS) has secured multiple contracts worth approximately $93 million from an international government customer. These contracts involve the provision of various Rapiscan® systems, including X-ray cargo and vehicle inspection systems, baggage and parcel inspection systems, and trace detection systems, along with follow-on maintenance and support services. CEO Deepak Chopra expressed anticipation in enhancing the customer’s critical infrastructure for border security.
OSI Systems, Inc. (Nasdaq: OSIS) will hold its quarterly conference call on October 29, 2020, at 9:00 AM PT to discuss its financial results for the quarter ended September 30, 2020. Investors can access the call via the company’s investor relations website, and a replay will be available from 12:00 PM PT on October 29 until November 12, 2020.
OSI Systems specializes in electronic systems for critical applications, serving sectors like homeland security, healthcare, defense, and aerospace.
OSI Systems (NASDAQ: OSIS) announced a new order worth approximately $6 million for upgrading aviation checkpoint inspection systems from its Security division. This purchase reflects OSI's commitment to enhancing security screening solutions globally. Chairman and CEO Deepak Chopra emphasized the company's role as a leader in security technologies for passengers, baggage, and cargo. OSI Systems combines over 40 years of experience in electronics engineering, manufacturing specialized systems for critical applications in various industries.
OSI Systems (NASDAQ: OSIS) announced that its Optoelectronics and Manufacturing division has secured approximately $5 million in orders to provide electronic sub-assemblies for a water solutions provider. CEO Deepak Chopra expressed satisfaction in continuing to support this long-term client with components for touchless sanitation products. The company, established for over 40 years, specializes in electronic systems for critical applications across various industries, including homeland security and healthcare.