OSI SYSTEMS Announces Fourth Quarter Fiscal Year 2023 Earnings Results
August 26, 2023
🌥️Earnings Overview
OSI SYSTEMS ($NASDAQ:OSIS) announced their fiscal year 2023 fourth quarter earnings results on June 30, 2023, with total revenue increasing by 22.3% to USD 411.9 million and net income increasing by 25.5% to USD 42.4 million in comparison to the same period in the preceding year.
Price History
On Thursday, OSI SYSTEMS, Inc. announced their earnings report for the fourth quarter of fiscal year 2023. The report revealed that the company had a strong quarter and their stock skyrocketed in response. The stock opened at $133.8 and closed at $136.7, soaring by 13.7% from the previous closing price of $120.2.
The strong results for the quarter showed that OSI SYSTEMS is well-positioned to continue its profitable growth trajectory in the coming quarters. The company continues to focus on expanding its presence in markets such as defense, security, healthcare, and retail solutions, and with these investments, OSI SYSTEMS is sure to remain a leader in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Osi Systems. More…
| Total Revenues | Net Income | Net Margin |
| 1.28k | 91.78 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Osi Systems. More…
| Operations | Investing | Financing |
| 94.67 | -12.67 | -64.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Osi Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 829.52 | 39.87 |
Key Ratios Snapshot
Some of the financial key ratios for Osi Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.1% | 8.7% | 10.6% |
| FCF Margin | ROE | ROA |
| 4.8% | 12.7% | 5.4% |
Analysis
At GoodWhale, we recently performed an analysis for OSI SYSTEMS, a healthcare technology company. Our analysis revealed that OSI SYSTEMS is rated as a high risk investment according to Risk Rating. We found two risk warnings in the balance sheet that non-financial investors should be aware of. These include the company’s debt-to-equity ratio being higher than industry averages and its working capital being lower than desired. To get more details on our analysis, be sure to check out GoodWhale.com. We provide comprehensive analysis and data-driven insights on investments in the healthcare technology space. Our mission is to help investors make informed decisions and maximize their returns. More…
Peers
Its competitors include OMRON Corp, Invisio AB, Jenoptik AG.
– OMRON Corp ($TSE:6645)
As of 2022, Omron Corp had a market cap of 1.41T and ROE of 6.97%. It is a Japanese multinational electronics company that produces a wide variety of electronic components, equipment, and materials. Its products include switches, sensors, relays, contactors, and microcontrollers. The company also provides assembly equipment, automatic inspection machines, and robots.
– Invisio AB ($BER:ICQ)
Invisio AB is a company that designs, develops, and sells communication systems that enable users to communicate in high-noise environments. The company has a market cap of 664.87M as of 2022 and a return on equity of -1.95%. Invisio’s products are used by military, law enforcement, and industrial customers worldwide.
– Jenoptik AG ($LTS:0ZPV)
Jenoptik AG is a German holding company that operates in the optics and photonics industry. It is headquartered in Jena, Germany and was founded in 1984. The company provides products and services for the semiconductor, automotive, aerospace, defense, and medical industries. Jenoptik AG has a market cap of 1.57B as of 2022 and a Return on Equity of 8.63%.
Summary
Investors responded positively to the announcement of OSI Systems‘ earnings results for the fourth quarter of fiscal year 2023. Total revenue came in at USD 411.9 million, while net income for the quarter was USD 42.4 million. This represented an increase of 22.3% and 25.5%, respectively, from the same period last year.
The stock price reacted favorably by moving up the same day, indicating that market participants were pleased with the results. Going forward, investors should consider the company’s recent performance, future growth opportunities, and financial position when evaluating its potential as an investment.
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