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Sep 30, 2021
Osi Systems Q1 2022 Earnings Report
OSI Systems reported strong revenue and earnings growth driven by robust bookings in Security and Optoelectronics and Manufacturing divisions.
Key Takeaways
OSI Systems reported a 10% increase in revenue, reaching $279.3 million, and GAAP EPS of $1.04. The company's book-to-bill ratio was 1.6, and backlog increased to $1.2 billion.
Revenue increased by 10% year-over-year to $279 million.
GAAP EPS was reported at $1.04.
Non-GAAP EPS increased 9% year-over-year to $1.16.
Backlog increased to $1.2 billion, a 15% increase from June 30, 2021.
Osi Systems
Osi Systems
Osi Systems Revenue by Segment
Revenue by Segment
Security Revenue
CapyFin.comOptoelectronics & Mfg Revenue
CapyFin.comHealthcare Revenue
CapyFin.com Forward Guidance
Company reiterated its fiscal year 2022 revenues and non-GAAP diluted earnings per share guidance.
Positive Outlook
- Revenues are expected to be between $1.190 billion and $1.225 billion.
- Non-GAAP diluted earnings per share are expected to be between $5.72 and $6.00.
- Company well positioned in the global marketplace to capitalize on future opportunities
- Strong bookings in Security that included two orders received from the U.S. Customs and Border Protection totaling approximately $200 million led to a significant increase in our backlog.
- Optoelectronics and Manufacturing division again delivered solid results reporting record revenues, representing 16% growth over the first quarter of last fiscal year, and strong profits in light of supply chain and logistics cost increases.
Challenges Ahead
- Actual revenues and non-GAAP diluted earnings per share could vary from this guidance due to factors discussed under “Forward-Looking Statements” or other factors, including uncertainties as to the duration and future scope of the COVID-19 pandemic.
- Company could be exposed to a variety of negative consequences as a result of delays related to the award of domestic and international contracts.
- Failure to secure the renewal of key customer contracts.
- Delays in customer programs.
- Delays in revenue recognition related to the timing of customer acceptance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income