NASDAQ$OSIS

Osi Systems Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

OSI Systems reported strong earnings, outstanding cash flow, and robust bookings for Q1 2021.

OSI Systems reported Q1 revenues of $254.9 million, a decrease of 12% year-over-year. GAAP EPS was $0.51, while non-GAAP EPS reached a record $1.06, a 16% increase year-over-year. The company's book-to-bill ratio was 1.6, and operating cash flow was $54 million.

  • Revenues for Q1 2021 were $254.9 million.
  • GAAP EPS for Q1 2021 was $0.51.
  • Non-GAAP EPS for Q1 2021 reached a record $1.06, a 16% increase year-over-year.
  • Operating cash flow for Q1 2021 was $54 million.

Headline financials

Total Revenue

$255M

Previous: $291M-12.4%
EPS (adj)

$1.06

Previous: $0.91+16.5%
Operating Cash Flow

$54M

Previous: $25M+116.0%
Backlog

$1B

No prior period
Capital Expenditures

-$3.78M

Previous: -$6.03M+37.3%
Free Cash Flow

$5.56M

Previous: $14.7M-62.2%
Net Income

$9.34M

Previous: $20.7M-55.0%
Operating Income

$16.7M

Previous: $24.9M-32.9%
Gross Profit

$95.8M

Previous: $99.2M-3.5%
Cash & Equivalents

$76.9M

Previous: $85.1M-9.7%
Total Assets

$1.27B

Previous: $1.29B-1.5%
Stock-Based Comp

$6.11M

Previous: $6.42M-4.8%

Revenue & EPS history

Osi Systems · Revenue · Quarterly

$255M

Q1 2021-12.4%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Osi Systems · $266M total across 3 segments · Q1 2021

  • Security Division
    $135M
  • Optoelectronics & Manufacturing
    $79.9M
  • Healthcare Division
    $51.5M

Forward guidance

The Company is increasing its fiscal year 2021 revenues guidance to a range of $1.100 billion to $1.142 billion. The Company is also raising its fiscal 2021 non-GAAP earnings guidance to $4.65 to $5.10 per diluted share.

Tailwinds

  • Revenue guidance increased to $1.100B - $1.142B.
  • Non-GAAP EPS guidance raised to $4.65 - $5.10.
  • Strong earnings performance
  • Outstanding cash flow
  • Robust bookings across all divisions

Headwinds

  • Actual revenues and non-GAAP diluted earnings per share 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
  • Global economic uncertainty

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+3.6%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+16.7%

Q2 2019

Best reaction

-35.0%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.3%-18.3%-24.5%
Q2 2026-7.2%-6.2%+5.7%
Q1 2026-2.3%+11.3%+8.6%
Q3 2025+9.6%+7.8%+7.0%
Q2 2025+14.2%+16.2%+19.7%
Q1 2025-5.5%-6.0%+16.0%
Q4 2024+3.7%+1.5%+0.6%
Q3 2024-3.5%-5.9%+2.2%
Q2 2024+3.0%+1.6%+2.4%
Q1 2024-5.4%-7.3%+7.1%
Q4 2023+11.5%+12.5%-5.5%
Q3 2023+10.2%+14.6%+17.4%
Q2 2023+5.5%+6.0%+5.3%
Q1 2023+4.4%+6.2%+14.0%
Q4 2022-6.1%-11.7%-23.2%
Q3 2022+2.2%+1.6%+9.2%
Q2 2022-2.1%-0.6%-3.9%
Q1 2022-1.8%-2.1%-3.8%
Q4 2021+0.3%-0.6%-5.8%
Q3 2021-4.3%-6.2%-4.5%
Q2 2021-3.8%-2.3%+1.1%
Q1 2021-0.2%+5.6%+15.0%
Q4 2020-1.3%-0.6%+5.6%
Q3 2020-3.1%-6.5%-1.3%
Q2 2020-0.9%-8.6%-13.3%
Q1 2020+4.5%+3.0%+1.3%
Q4 2019+3.6%+4.1%+4.9%
Q3 2019+14.9%+16.8%+16.3%
Q2 2019+16.7%+20.0%+21.5%
Q1 2019+4.9%+2.0%+7.9%
Q4 2018-0.1%+0.4%+2.1%
Q3 2018-6.0%-2.5%+0.4%
Q2 2018-17.4%-11.9%-4.2%
Q1 2018-0.0%-3.1%-2.7%
Q4 2017+6.4%+6.2%+10.3%
Q3 2017+8.7%+9.4%+10.7%
Q2 2017+3.4%-0.3%+3.1%
Q1 2017+8.5%+2.8%+17.1%
Q4 2016+9.4%+9.8%+1.6%
Q3 2016-17.5%
Q2 2016-35.0%
Q1 2016+0.9%
Q4 2015+0.2%
Q3 2015-9.2%
Q2 2015+1.8%
Q1 2015+6.0%
Q4 2014+2.1%
Q3 2014-0.1%
Q2 2014+1.6%
Q1 2014-2.9%
Q4 2013-3.1%
Q3 2013+6.0%
Q1 2013+6.0%
Q2 2013-16.1%
Q1 2012+2.9%
Q4 2010+0.8%
Q4 2012+11.0%
Q3 2011+5.6%
Q3 2012+2.1%
Q2 2011-3.6%
Q2 2012+5.9%
Q1 2011+8.3%
Q4 2011+8.3%
Q3 2010+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro