OSI Systems Shines: Robust Q4 Results Underscore Security, Medical Tech Dominance
Portfolio Pulse from Anusuya Lahiri
OSI Systems, Inc (NASDAQ:OSIS) reported a 22% YoY increase in Q4 revenue to $411.9 million, surpassing the consensus of $384.5 million. The company's security division revenue rose to $269.1 million, healthcare division revenue climbed to $59.5 million, and optoelectronics and manufacturing division revenue was $100.9 million. The gross margin declined by 163 bps to 34.7%, while the adjusted operating margin expanded by 190 bps to 15.6%. The company's FY24 outlook expects revenue growth of over 18% YoY.
August 24, 2023 | 2:06 pm
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OSI Systems reported strong Q4 results with revenue growth across all divisions, beating consensus estimates. However, the company saw a decline in gross margin. The FY24 outlook is positive with expected revenue growth of over 18% YoY.
OSI Systems reported strong Q4 results, beating consensus estimates, which is likely to positively impact the stock price. However, the decline in gross margin could be a concern for investors. The positive FY24 outlook indicates strong future performance, which could further boost the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100