Key Developments: OSI Systems Inc (OSIS.O)

OSIS.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

OSI Systems Inc Authorizes Additional 1,000,000 Shares for Share Buyback Program
Wednesday, 24 Apr 2013 08:30am EDT 

OSI Systems Inc announced that the Company's board of directors has authorized the purchase of up to 1,000,000 additional shares under the Company's existing stock repurchase program, to a total of 4,000,000 shares authorized for purchase. Since inception of the stock repurchase program, originally established in 1999 and amended in 2004, the Company has purchased an aggregate of 2,589,960 shares of common stock, leaving up to 1,410,040 shares authorized for purchase under the current program, as increased.  Full Article

OSI Systems Inc Issues Q4 2013 Guidance Below Analysts' Estimates
Wednesday, 24 Apr 2013 08:00am EDT 

OSI Systems Inc announced that for the fourth quarter of 2013, it expects earnings per diluted share (EPS) to be between $1.02 to $1.09, excluding the impact of impairment, restructuring and other charges and revenues to be between $220 million - $230 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $249 million and EPS of $1.10 for the fourth quarter of 2013.  Full Article

OSI Systems Inc Receives $3 Million Order for Critical Hardware Components
Thursday, 28 Mar 2013 08:00am EDT 

OSI Systems Inc announced that its Optoelectronics division has received an order of approximately $3 million from a major OEM in the medical equipment industry to provide critical hardware components.  Full Article

OSI Systems Inc Receives $6 Million Order for Service and Maintenance of Inspection Systems
Wednesday, 27 Mar 2013 08:00am EDT 

OSI Systems Inc announced that its Security division, Rapiscan Systems, has received an order of approximately $6 million for service and maintenance of Rapiscan baggage inspection systems utilized at U.S. airports. Rapiscan Systems operates a 24x7 global service and support team that provides expert support to customers, from pre-installation operations analysis, to operator training, to installation and on-going maintenance.  Full Article

OSI Systems Inc's Rapiscan Systems Receives $2.5 Million Order For Cargo Inspection
Friday, 22 Mar 2013 08:00am EDT 

OSI Systems Inc announced that Security division, Rapiscan Systems, received an order for approximately $2.5 million from a Middle East customer to provide Rapiscan Eagle cargo inspection solution.  Full Article

OSI Systems Inc Receives $3 Million In Orders From New Fortune 100 Customer
Wednesday, 20 Mar 2013 08:00am EDT 

OSI Systems Inc announced that OSI Electronics, a business within its Optoelectronic and Manufacturing division, has received orders for approximately $3 million for electronic assemblies from an OEM of defense electronics.  Full Article

OSI Systems Inc's Healthcare division Receives $2 Million Contract for Patient Monitoring & Connectivity Systems
Thursday, 14 Mar 2013 08:00am EDT 

OSI Systems Inc announced that its Healthcare division, Spacelabs Healthcare, has been awarded an approximate $2 million contract to provide patient monitoring and connectivity solutions to a prominent hospital in the Western U.S. region.  Full Article

OSI Systems Inc's Security Division Receives $5 Million Order for Mobile Cargo Inspection Systems
Tuesday, 12 Mar 2013 08:00am EDT 

OSI Systems Inc announced that its Security division, Rapiscan Systems, has received orders for approximately $5 million from a Central Asian customer to provide multiple units of its Rapiscan Eagle high energy X-ray mobile cargo and vehicle inspection system.  Full Article

OSI Systems Inc's OSI Electronics Receives $6 Million in Orders for Electronic Sub-Assemblies
Monday, 11 Mar 2013 08:00am EDT 

OSI Systems Inc announced that OSI Electronics, a business within its Optoelectronic and Manufacturing division, has received orders for approximately $6 million for electronic assemblies from OEMs of gaming terminals for lottery and electronic gaming applications.  Full Article

OSI Systems Inc's Healthcare Division $5 Million Contract for Patient Monitoring & Connectivity Solutions
Wednesday, 6 Mar 2013 08:00am EST 

OSI Systems Inc announced that its Healthcare division, Spacelabs Healthcare, has been awarded an approximate $5 million contract to provide patient monitoring and connectivity solutions to a prominent hospital group in the Southeast U.S. region. XPREZZONTM patient monitors, as well as the company's ICS G2 enterprise connectivity solutions are expected to be implemented throughout the hospitals' critical care units.  Full Article

OSI Systems Inc News

U.S. homeland security notice weighs on OSI Systems' new contracts

- OSI Systems Inc said the U.S. Department of Homeland Security has issued it a "proposed debarment notice" related to privacy concerns over its full-body passenger scanners used in airports, limiting the company's ability to sign new federal government contracts until the issue is resolved.

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