0001104659-24-091849.txt : 20240822 0001104659-24-091849.hdr.sgml : 20240822 20240822090016 ACCESSION NUMBER: 0001104659-24-091849 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240822 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240822 DATE AS OF CHANGE: 20240822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OSI SYSTEMS INC CENTRAL INDEX KEY: 0001039065 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 330238801 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23125 FILM NUMBER: 241230210 BUSINESS ADDRESS: STREET 1: 12525 CHADRON AVE CITY: HAWTHORNE STATE: CA ZIP: 90250 BUSINESS PHONE: 3109780516 MAIL ADDRESS: STREET 1: 12525 CHADRON AVENUE CITY: HAWTHORNE STATE: CA ZIP: 90250 8-K 1 tm2422159d1_8k.htm FORM 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 22, 2024

 

 

 

OSI SYSTEMS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 

 

 

Delaware 000-23125 33-0238801
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION
NO.)

 

12525 CHADRON AVENUE
HAWTHORNE
, CA 90250
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

 

(310) 978-0516
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)

 

N/A
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class     Trading symbol(s)     Name of each exchange on which
registered  
Common Stock, $0.001 par value   OSIS   The Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company     ¨ 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨ 

 

 

 

 

 

 

Item 2.02  Results of Operations and Financial Condition.

 

On August 22, 2024, we issued a press release announcing our financial results for the quarter ended June 30, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference.

 

We are furnishing the information contained in this Item 2.02 (including Exhibit 99.1). It shall not be deemed to be “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language in such filing.

 

Item 9.01  Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit 99.1:Press Release of OSI Systems, Inc. dated August 22, 2024.
   
Exhibit 104: Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

EXHIBIT INDEX

 

Exhibit
Number
  Description
     
99.1   Press Release of OSI Systems, Inc. dated August 22, 2024.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

     
  OSI SYSTEMS, INC.
Date: August 22, 2024  
     
  By: /s/ Alan Edrick
    Alan Edrick
    Executive Vice President and Chief Financial Officer

 

 

 

EX-99.1 2 tm2422159d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

OSI SYSTEMS REPORTS FISCAL 2024 FOURTH QUARTER

AND FULL YEAR FINANCIAL RESULTS

 

·Record Q4 Revenues of $481 Million (17% growth year-over-year)
·Record Fiscal Year Revenues of $1.54 billion (20% growth year-over-year)
·Q4 Earnings Per Diluted Share

oGAAP Diluted EPS of $2.55
oRecord Non-GAAP Diluted EPS of $2.84

·Fiscal Year Earnings Per Diluted Share

oGAAP Diluted EPS of $7.38
oRecord Non-GAAP Diluted EPS of $8.13 (31% growth year-over-year)

·Strong Bookings Lead to Q4-Ended Backlog of Approximately $1.7 Billion
·Company Provides Fiscal 2025 Revenue and Non-GAAP EPS Guidance

 

HAWTHORNE, Calif. — (BUSINESS WIRE) — August 22, 2024 — OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2024.

 

Deepak Chopra, OSI Systems’ Chairman and Chief Executive Officer, stated “We are pleased to report strong fourth quarter financial results as outstanding performance in the Security division led to record revenues and record adjusted earnings per share. Fiscal 2024 was a great success for the Company. With a backlog near all-time highs and visibility into a robust pipeline of opportunities, we believe we are well positioned for a strong fiscal 2025.”

 

For Q4 FY24, the Company reported revenues of $480.9 million, a 17% increase over the $411.9 million reported for the same quarter of the prior year. Net income for Q4 FY24 was $44.7 million, or $2.55 per diluted share, compared to net income of $42.4 million, or $2.46 per diluted share, for the same quarter of the prior year. Non-GAAP net income for Q4 FY24 was $49.7 million, or $2.84 per diluted share, compared to non-GAAP net income for the same quarter of the prior year of $45.8 million, or $2.66 per diluted share.

 

For the fiscal year ended June 30, 2024, revenues were $1.54 billion, a 20% increase over the $1.28 billion reported for the prior fiscal year. Net income for the fiscal year ended June 30, 2024 was $128.2 million, or $7.38 per diluted share, compared to $91.8 million, or $5.34 per diluted share, for the prior fiscal year. Non-GAAP net income for the fiscal year ended June 30, 2024 was $141.2 million, or $8.13 per diluted share, compared to non-GAAP net income of $106.7 million, or $6.21 per diluted share, for the prior year.

 

As of June 30, 2024, the Company's backlog was approximately $1.7 billion. Capital expenditures were $8.5 million and depreciation and amortization was $11.7 million for Q4 FY24.

 

Mr. Chopra commented, “The Security division’s fourth quarter and year end results highlight our momentum with robust demand for our product and service offerings as well as our superior competitive position in many markets in which we operate, including in international markets representing substantial growth opportunities. Security division revenues in the fourth quarter of fiscal 2024 increased 27% year-over-year, leading to significant growth in adjusted operating income. Bookings were again solid and, importantly, even with a considerable conversion of backlog to revenue during the fourth quarter, our quarter-end backlog remains near all-time highs. This further bolsters our confidence for continued strong Security division performance.”

 

Mr. Chopra continued, “As expected and consistent with our guidance from last quarter, our Optoelectronics and Manufacturing division bounced back to report record fourth quarter revenues. I am proud of the Optoelectronics and Manufacturing team’s focus on continuous improvement. This division is poised for solid performance in fiscal 2025 with revenue growth expectations weighted to the second half.”

 

 

 

 

Mr. Chopra also said, “We concluded fiscal 2024 with the strongest quarter of the fiscal year for the Healthcare division. Although the hospital spending environment continues to pose challenges for the patient monitoring sector, we anticipate a stronger fiscal 2025 as compared to fiscal 2024. We are focused on new product development, principally in our patient monitoring portfolio, which we believe will unlock new avenues of growth.”

 

Subsequent to fiscal year end, in July 2024 the Company issued $350 million of convertible senior notes at an interest rate of 2.25% due in fiscal 2030, the net proceeds of which were partially used to reduce the outstanding balance under the Company’s revolving credit facility.

 

Alan Edrick, Executive Vice President and Chief Financial Officer, stated, “We were pleased to successfully complete our convertible notes financing at attractive pricing. We expect this financing to facilitate continued growth while simultaneously reducing our weighted average cost of borrowing. This transaction reflects the strength of our business and is expected to result in significant interest savings.”

 

Fiscal Year 2025 Outlook

 

For fiscal year 2025, the Company anticipates revenues in the range of $1.620 billion to $1.650 billion and non-GAAP adjusted earnings per diluted share in the range of $8.80 to $9.15. Actual revenues and adjusted diluted earnings per share could vary from this guidance due to factors discussed under “Forward-Looking Statements” or other factors.

 

The Company’s fiscal 2025 adjusted diluted earnings per share guidance is provided on a non-GAAP basis only. The Company does not provide a reconciliation of guidance for non-GAAP adjusted diluted EPS to GAAP diluted EPS (the most directly comparable GAAP measure) on a forward-looking basis because the Company is unable to provide a meaningful or accurate compilation of reconciling items and certain information is not available. This is due to the inherent difficulty and complexity in accurately forecasting the timing and amounts of various items included in the calculation of GAAP diluted EPS but excluded in the calculation of non-GAAP adjusted diluted EPS, such as acquisition costs and other non-recurring items that have not yet occurred, are out of the Company’s control or cannot otherwise reasonably be predicted. For the same reasons, the Company is unable to address the significance of unavailable information which may be material and therefore could result in GAAP diluted EPS, the most directly comparable GAAP financial measure, being materially different from projected non-GAAP adjusted diluted EPS.

 

Presentation of Non-GAAP Financial Measures

 

This earnings release includes a presentation of non-GAAP net income, non-GAAP adjusted diluted earnings per share, non-GAAP operating income (loss) by segment and non-GAAP operating margin, all of which are non-GAAP financial measures. The presentation of these non-GAAP figures for all fiscal periods is provided to allow for the comparison of the underlying performance of the Company, net of impairment, restructuring and other charges (including certain legal costs), amortization of intangible assets acquired through business acquisitions, non-cash interest expense, and their associated tax effects, and the impact of discrete income tax items. Although we exclude amortization of acquired intangible assets from our non-GAAP figures, revenue generated from such intangibles is included within revenue in determining non-GAAP financial performance of the Company. Management believes that the non-GAAP financial measures presented in this earnings release provide (i) enhanced insight into the ongoing operations of the Company, (ii) meaningful information regarding the Company’s financial results (excluding amounts management does not view as reflective of ongoing operating results) for purposes of planning, forecasting and assessing the performance of the Company’s businesses, (iii) a meaningful comparison of financial results of the current period against results of past periods and (iv) financial results that are generally more comparable to financial results of peer companies than are GAAP figures. Non-GAAP financial measures should not be assessed in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP. These non-GAAP measures may not be the same as measures used by other companies due to possible differences in methods and in the items or events for which adjustments are made.

 

Reconciliations of GAAP financial information to non-GAAP financial information are provided in the accompanying tables. The financial results calculated in accordance with GAAP and reconciliations from those financial results should be carefully evaluated.

 

2

 

 

Conference Call Information

 

The Company will host a conference call and simultaneous webcast beginning at 9:00am PT (12:00pm ET) today to discuss its financial results for the fourth quarter and fiscal year ended June 30, 2024. To listen, please visit the Investor Relations section of the OSI Systems website at http://investors.osi-systems.com/index.cfm and follow the link that will be posted on the front page. A replay of the webcast will be available beginning shortly after the conclusion of the conference call until September 13, 2024. The replay can be accessed through the Company’s website at www.osi-systems.com.

 

About OSI Systems

 

OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems and its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-E

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company's current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside the Company's control and which may cause actual results to differ materially from those described in or implied by any forward-looking statement. Forward-looking statements include, but are not limited to, information provided regarding expected revenues, earnings, growth, and operational performance in fiscal 2025 and beyond. The 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; the impact of potential information technology, cybersecurity or data security breaches; changes in domestic and foreign government spending and budgetary, procurement and trade policies adverse to the Company's businesses; the impact of the Russia-Ukraine conflict or conflicts in the Middle East, including the potential for broad economic disruption; global economic uncertainty; material delays and cancellations of orders or deliveries thereon, supply chain disruptions, plant closures, or other adverse impacts on the Company’s ability to execute business plans; unfavorable currency exchange rate fluctuations; unfavorable interest rate fluctuations; effect of changes in tax legislation; market acceptance of the Company's new and existing technologies, products, and services; the Company's ability to win new business and convert orders received to sales within the current fiscal year; contract and regulatory compliance matters, and actions which, if brought, could result in judgments, settlements, fines, injunctions, debarment, or penalties; and other risks and uncertainties, including, but not limited to, those detailed herein and from time to time in the Company's Securities and Exchange Commission filings, which could have a material and adverse impact on the Company's business, financial condition, and results of operations. For additional information on these and other factors that could cause the Company's future results to differ materially from those in any forward-looking statements, see the section titled "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent required to do so under federal securities laws.

 

For Additional Information, Contact:

 

OSI Systems, Inc.

Ajay Vashishat

Vice President, Business Development

Tel: (310) 349-2237

avashishat@osi-systems.com

 

3

 

 

OSI SYSTEMS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED Consolidated Statements of Operations

(in thousands, except per share data)

 

  

Three Months Ended
June 30,

  

Fiscal Year Ended

June 30,

 
   2023   2024   2023   2024 
Revenues:                
Products  $321,264   $390,342   $958,827   $1,207,590 
Services   90,606    90,565    319,600    331,168 
Total net revenues   411,870    480,907    1,278,427    1,538,758 
Cost of goods sold:                    
Products   218,575    274,408    676,772    822,346 
Services   50,275    52,182    171,145    185,954 
Total cost of goods sold   268,850    326,590    847,917    1,008,300 
Gross profit   143,020    154,317    430,510    530,458 
Operating expenses:                    
Selling, general and administrative   67,165    71,745    228,313    269,731 
Research and development   15,504    15,859    59,352    65,275 
Restructuring and other charges, net   3,200    3,895    7,566    6,391 
Total operating expenses   85,869    91,499    295,231    341,397 
Income from operations   57,151    62,818    135,279    189,061 
Interest and other expense, net   (5,702)   (8,158)   (20,041)   (27,847)
Income before income taxes   51,449    54,660    115,238    161,214 
Provision for income taxes   (9,068)   (9,981)   (23,460)   (33,060)
Net income  $42,381   $44,679   $91,778   $128,154 
                     
Diluted earnings per share  $2.46   $2.55   $5.34   $7.38 
Weighted average shares outstanding – diluted   17,249    17,504    17,190    17,354 

 

UNAUDITED Segment Information

(in thousands)

 

  

Three Months Ended
June 30,

  

Fiscal Year Ended
June 30,

 
   2023   2024   2023   2024 
Revenues – by Segment:                    
Security division  $269,103   $342,509   $760,291   $1,043,073 
Optoelectronics and Manufacturing division, including intersegment revenues   100,918    102,069    387,431    384,268 
Healthcare division   59,494    50,305    190,488    171,435 
Intersegment eliminations   (17,645)   (13,976)   (59,783)   (60,018)
Total  $411,870   $480,907   $1,278,427   $1,538,758 
                     
Operating income (loss) – by Segment:                    
Security division  $49,009   $60,678   $115,023   $183,270 
Optoelectronics and Manufacturing division   10,717    10,321    46,680    42,814 
Healthcare division   6,546    3,856    11,365    6,013 
Corporate   (9,503)   (10,081)   (39,075)   (40,913)
Intersegment eliminations   382    (1,956)   1,286    (2,123)
Total  $57,151   $62,818   $135,279   $189,061 

 

4

 

 

OSI SYSTEMS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)  

 

   June 30, 2023   June 30, 2024 
Assets          
           
Cash and cash equivalents  $76,750   $95,353 
Accounts receivable, net   380,845    648,155 
Inventories   338,008    397,939 
Prepaid expenses and other current assets   44,300    74,077 
Total current assets   839,903    1,215,524 
Property and equipment, net   108,933    113,967 
Goodwill   349,505    351,480 
Intangible assets, net   140,857    139,529 
Other non-current assets   116,488    115,508 
Total Assets  $1,555,686   $1,936,008 
           
Liabilities and Stockholders' Equity          
           
Bank lines of credit  $215,000   $384,000 
Current portion of long-term debt   8,076    8,167 
Accounts payable and accrued expenses   208,786    248,427 
Other current liabilities   139,832    174,043 
Total current liabilities   571,694    814,637 
Long-term debt   136,491    129,383 
Other long-term liabilities   121,336    128,505 
Total liabilities   829,521    1,072,525 
Total stockholders’ equity   726,165    863,483 
Total Liabilities and Stockholders’ Equity  $1,555,686   $1,936,008 

 

5

 

 

Reconciliation of GAAP to Non-GAAP
NET INCOME AND EARNINGS PER SHARE

(in thousands, except earnings per share data)

 

   Three Months Ended June 30,   Fiscal Year Ended June 30, 
   2023   2024   2023   2024 
   Net income   EPS   Net income   EPS   Net income   EPS   Net income   EPS 
GAAP basis  $42,381   $2.46   $44,679   $2.55   $91,778   $5.34   $128,154   $7.38 
Restructuring and other charges, net   3,200    0.19    3,895    0.22    7,566    0.44    6,391    0.37 
Amortization of acquired intangible assets   3,706    0.21    4,498    0.26    14,932    0.87    16,766    0.97 
Non-cash interest expense   159    0.01    -    -    577    0.03    -    - 
Tax benefit of above adjustments   (1,425)   (0.08)   (1,796)   (0.10)   (5,267)   (0.30)   (5,428)   (0.32)
Discrete tax expense (benefit)   (2,198)   (0.13)   (1,596)   (0.09)   (2,844)   (0.17)   (4,729)   (0.27)
                                         
Non-GAAP basis  $45,823   $2.66   $49,680   $2.84   $106,742   $6.21   $141,154   $8.13 

 

RECONCILIATION OF GAAP TO NON-GAAP

OPERATING INCOME (LOSS) AND OPERATING MARGIN BY SEGMENT

(in thousands, except percentages)

 

Three Months Ended June 30, 2023
   Security Division   Optoelectronics and
Manufacturing Division
   Healthcare Division   Corporate /
Elimination
   Total 
       % of
Sales
       % of
Sales
       % of
Sales
           % of
Sales
 
GAAP basis – operating income (loss)  $49,009    18.2%  $10,717    10.6%  $6,546    11.0%  $(9,121)  $57,151    13.9%
Restructuring and other charges, net   357    0.1%   2,460    2.4%   324    0.6%   59    3,200    0.8%
Amortization of acquired intangible assets   2,627    1.0%   777    0.8%   302    0.5%   -    3,706    0.9%
Non-GAAP basis– operating income (loss)  $51,993    19.3%  $13,954    13.8%  $7,172    12.1%  $(9,062)  $64,057    15.6%

 

Three Months Ended June 30, 2024
    Security Division         

Optoelectronics and

Manufacturing Division

    Healthcare Division    

Corporate /

Elimination

    Total  
         % of
Sales
         % of
Sales
         % of
Sales
              % of
Sales
 
GAAP basis – operating income (loss)  $60,678    17.7%  $10,321    10.1%  $3,856    7.7%  $(12,037)  $62,818    13.1%
Restructuring and other charges, net   54    0.0%   2,468    2.4%   499    1.0%   874    3,895    0.8%
Amortization of acquired intangible assets   2,801    0.8%   1,396    1.4%   301    0.6%   -    4,498    0.9%
Non-GAAP basis– operating income (loss)  $63,533    18.5%  $14,185    13.9%  $4,656    9.3%  $(11,163)  $71,211    14.8%

 

6

 

 

Fiscal Year Ended June 30, 2023
   Security Division   Optoelectronics and
Manufacturing Division
   Healthcare Division  

Corporate /

Elimination

   Total 
       % of
Sales
       % of
Sales
       % of
Sales
           % of
Sales
 
GAAP basis – operating income (loss)  $115,023    15.1%  $46,680    12.0%  $11,365    6.0%  $(37,789)  $135,279    10.6%
Restructuring and other charges, net   1,715    0.2%   2,507    0.7%   3,077    1.6%   267    7,566    0.5%
Amortization of acquired intangible assets   11,114    1.5%   2,845    0.7%   973    0.5%   -    14,932    1.2%
Non-GAAP basis– operating income (loss)  $127,852    16.8%  $52,032    13.4%  $15,415    8.1%  $(37,522)  $157,777    12.3%

 

Fiscal Year Ended June 30, 2024
   Security Division   Optoelectronics and
Manufacturing Division
   Healthcare Division   Corporate /
Elimination
   Total 
       % of
Sales
       % of
Sales
       % of
Sales
           % of
Sales
 
GAAP basis – operating income (loss)  $183,270    17.6%  $42,814    11.1%  $6,013    3.5%  $(43,036)  $189,061    12.3%
Restructuring and other charges, net   675    0.1%   3,548    1.0%   810    0.5%   1,358    6,391    0.4%
Amortization of acquired intangible assets   11,567    1.0%   3,994    1.0%   1,205    0.7%   -    16,766    1.1%
Non-GAAP basis– operating income (loss)  $195,512    18.7%  $50,356    13.1%  $8,028    4.7%  $(41,678)  $212,218    13.8%

 

7

 

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Aug. 22, 2024
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Document Type 8-K
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Document Period End Date Aug. 22, 2024
Entity File Number 000-23125
Entity Registrant Name OSI SYSTEMS, INC.
Entity Central Index Key 0001039065
Entity Tax Identification Number 33-0238801
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 12525 CHADRON AVENUE
Entity Address, City or Town HAWTHORNE
Entity Address, State or Province CA
Entity Address, Postal Zip Code 90250
City Area Code 310
Local Phone Number 978-0516
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Trading Symbol OSIS
Security Exchange Name NASDAQ
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