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Jun 30, 2020
Osi Systems Q4 2020 Earnings Report
OSI Systems delivered solid Q4 earnings amidst the COVID-19 pandemic.
Key Takeaways
OSI Systems reported a decrease in revenue for the fourth quarter of fiscal year 2020, with a decrease in net income, but an increase in non-GAAP net income compared to the fourth quarter of fiscal year 2019. The company's book-to-bill ratio was approximately 1.0, and backlog was $861 million. The Healthcare division revenues increased, while the Security division experienced adjusted operating margin expansion.
Q4 revenues were $277 million, a 10% decrease year-over-year.
GAAP EPS was $0.76, compared to $0.89 in Q4 2019.
Non-GAAP EPS was $1.22, a 6% increase year-over-year.
The Healthcare division delivered a strong finish to the fiscal year with revenues increasing 15%.
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
For fiscal year 2021, the Company anticipates revenues in the range of $1.09 billion to $1.14 billion and non-GAAP earnings per diluted share in the range of $4.50 to $5.05.
Positive Outlook
- Anticipates revenues in the range of $1.09 billion to $1.14 billion.
- Expects non-GAAP earnings per diluted share in the range of $4.50 to $5.05.
Challenges Ahead
- Actual revenues and non-GAAP diluted earnings per share could vary from this guidance due to factors discussed under “Forward-Looking Statements”.
- Uncertainties as to the duration and scope of the COVID-19 pandemic could impact guidance.
- Delays related to the award of domestic and international contracts
- Failure to secure the renewal of key customer contracts
- Delays in customer programs
Revenue & Expenses
Visualization of income flow from segment revenue to net income