greeksoup/ stock research
Stock research / United States / OSIS / Q1 FY2024

OSI Systems (OSIS) Q1 FY2024 earnings: revenue $279 million, up 4.2% on the year

OSI Systems Inc. (OSIS) reported revenue of $279 million for Q1 FY2024, the quarter ended 30 September 2023, up 4.2% on the same quarter a year earlier. Net income was $13 million, up 14.6% on the year, and diluted earnings per share $0.75. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2023.

Revenue$279 millionup 4.2%
Net income$13 millionup 14.6%
Diluted EPS$0.75
QuarterQ1 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ1 FY2024Quarter beforeA year earlierChange on the year
Revenue279n/an/an/a
Cost of revenue180n/an/an/a
Gross profit98.7n/an/an/a
Gross margin35.4%n/an/a
Research and development15.9n/an/an/a
Selling, general and administrative59.8n/an/an/a
Operating income22.6n/an/an/a
Operating margin8.1%n/an/a
Interest expense5.7n/an/an/a
Pre-tax income16.8n/an/an/a
Income tax3.9n/an/an/a
Effective tax rate23.4%n/an/a
Net income12.9n/an/an/a
Net margin4.6%n/an/a
Diluted EPS$0.75n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ1 FY2024Quarter beforeA year earlierChange on the year
Operating cash flow17.1n/an/an/a
Capital expenditure5.2n/an/an/a
Free cash flow11.9n/an/an/a
Free cash flow margin4.3%n/an/a
Cash from investing-9.6n/an/an/a
Cash from financing-1.9n/an/an/a
Depreciation and amortisation9.6n/an/an/a
Share-based compensation7.1n/an/an/a
Diluted shares, weighted17mn/an/an/a
Shares outstanding at period end17mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ1 FY2024Quarter beforeA year earlierChange on the year
Shareholders' equity724n/an/an/a
Debt378n/an/an/a
Operating lease liabilities23.5n/an/an/a
Other liabilities463n/an/an/a
Total liabilities and equity1,588n/an/an/a
Fixed assets109n/an/an/a
Goodwill348n/an/an/a
Intangible assets140n/an/an/a
Cash and equivalents82.6n/an/an/a
Receivables324n/an/an/a
Inventory419n/an/an/a
Other assets165n/an/an/a
Total assets1,588n/an/an/a

Questions

What was OSI Systems' revenue in Q1 FY2024?

OSI Systems (OSIS) reported revenue of $279 million for Q1 FY2024, the quarter ended 30 September 2023, up 4.2% on the same quarter a year earlier.

How much did OSI Systems earn in Q1 FY2024?

Net income for Q1 FY2024 was $13 million, up 14.6% on the year, and diluted earnings per share $0.75.

When did OSI Systems report Q1 FY2024 results?

OSI Systems filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 27 October 2023.

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026
Revenue279373405481344420444505385464453484
Cost of revenue180232269327223273294337261312303316
Gross profit98.7141136154122147150168123152150168
Gross margin35%38%34%32%35%35%34%33%32%33%33%35%
R&D15.916.417.115.917.818.318.618.820.419.819.519.5
SG&A59.871.666.671.772.270.773.274.767.070.271.569.7
Operating income22.652.351.462.830.358.056.273.033.158.853.273.9
Operating margin8%14%13%13%9%14%13%14%9%13%12%15%
Interest expense5.76.57.48.27.48.68.27.27.410.74.04.1
Pre-tax income16.845.844.054.723.049.348.065.825.748.149.269.8
Tax rate23%20%23%18%22%23%14%20%20%20%18%21%
Net income12.936.634.044.717.937.841.152.720.638.740.255.2
Net margin5%10%8%9%5%9%9%10%5%8%9%11%
Diluted EPS$0.75$2.11$1.95$2.55$1.05$2.22$2.40$3.03$1.18$2.22$2.33$3.27
Operating cash flow17.1-23.5-52.1-29.0-37.252.581.60.617.162.214.5182
Capital expenditure5.23.54.98.57.75.54.56.17.06.77.69.3
Free cash flow11.9-27.0-57.0-37.5-44.947.177.1-5.610.155.56.9173
Buybacksn/an/an/an/a80.40.00.00.0n/an/a0.0n/a
Shares outstanding17m17m17m17m17m17m17m17m17m16m16m16m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 27 October 2023, accession 0001104659-23-112155: the filing on EDGAR. All of OSI Systems Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install