OSI SYSTEMS Reports 22.3% Increase in Total Revenue for Fourth Quarter of FY2023
August 30, 2023
☀️Earnings Overview
At the end of FY2023, OSI SYSTEMS ($NASDAQ:OSIS) reported total revenue of USD 411.9 million for Q4, a 22.3% increase from Q4 of FY2022. Net income for the same period also increased to USD 42.4 million, representing a 25.5% rise compared to the previous year.
Analysis
GoodWhale has conducted a thorough analysis of OSI SYSTEMS‘ fundamentals and has determined that it is a high risk investment. This assessment is based on the company’s Risk Rating, which considers both financial and business aspects. GoodWhale has detected two risk warnings in the company’s balance sheet, which are related to non-financial matters. To find out more information about these warnings, users can register on goodwhale.com. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Osi Systems. More…
| Total Revenues | Net Income | Net Margin |
| 1.28k | 91.78 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Osi Systems. More…
| Operations | Investing | Financing |
| 94.67 | -12.67 | -64.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Osi Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 829.52 | 39.87 |
Key Ratios Snapshot
Some of the financial key ratios for Osi Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.1% | 8.7% | 10.6% |
| FCF Margin | ROE | ROA |
| 4.8% | 12.7% | 5.4% |
Peers
Its competitors include OMRON Corp, Invisio AB, Jenoptik AG.
– OMRON Corp ($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
OSI SYSTEMS provided a solid report for the quarter ending June 30 2023, with total revenue of USD 411.9 million and an impressive 22.3% increase compared to the year prior. Net income was reported as USD 42.4 million, representing a 25.5% increase from the previous year. This positive report had a positive effect on the stock price, which moved up the same day. Investors can be confident that OSI SYSTEMS is in a strong financial position, and it may be a good time to consider investing in this established company.
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