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Mar 31, 2021
Osi Systems Q3 2021 Earnings Report
OSI Systems reported third quarter results with record adjusted earnings and raised fiscal 2021 revenue and non-GAAP EPS guidance.
Key Takeaways
OSI Systems reported Q3 revenues of $283.8 million and GAAP EPS of $1.03. The company's Q3 backlog increased to $1.1 billion, and they raised fiscal 2021 revenue and non-GAAP EPS guidance.
Q3 revenues were $283.8 million.
GAAP EPS was $1.03.
Record non-GAAP EPS was $1.38.
Q3 backlog increased to $1.1 billion, a 23% increase from June 30, 2020.
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
The Company is raising its revenue guidance to a range of $1.123 billion to $1.148 billion and is raising its non-GAAP diluted earnings per share guidance to $5.15 to $5.40 for fiscal year 2021.
Positive Outlook
- Raising revenue guidance to $1.123B - $1.148B
- Raising non-GAAP diluted EPS guidance to $5.15 - $5.40
- Expects sales growth during the fourth fiscal 2021 quarter
- Optoelectronics division is positioned for a strong finish to fiscal 2021
- Healthcare division reported an 18% increase in revenue
Challenges Ahead
- Actual revenues and non-GAAP diluted earnings per share for fiscal 2021 could vary from this guidance due to factors discussed under “Forward-Looking Statements” or other factors, including uncertainties as to the duration and scope of the COVID-19 pandemic.
- Delays related to the award of domestic and international contracts
- Failure to secure the renewal of key customer contracts
- Delays in customer programs
- Unanticipated impacts of sequestration and other U.S. Government budget control provisions
Revenue & Expenses
Visualization of income flow from segment revenue to net income