HAWTHORNE, Calif. - OSI Systems , Inc. (NASDAQ:OSIS), a provider of specialized electronic systems and components, has received a $6 million order from an original equipment manufacturer (OEM) specializing in advanced engineered solutions. The contract, announced today, involves the company's Optoelectronics and Manufacturing division supplying electronic assemblies to the OEM.
Deepak Chopra, OSI Systems' Chairman and Chief Executive Officer, stated, "We are committed to continuing our support for this OEM and look forward to furthering our collaboration."
The company, which operates in the security, healthcare, and aerospace industries, among others, has not disclosed the identity of the OEM or the specific applications for the electronic assemblies ordered. OSI Systems has a history of providing various electronic components and services, including printed circuit board assemblies, cables, and monitors.
The information reported is based on a press release statement from OSI Systems, Inc. Investors and the public are reminded that forward-looking statements are based on current expectations and are subject to changes due to various factors.
InvestingPro Insights
OSI Systems, Inc. (NASDAQ:OSIS) seems to be capturing investors' attention with its recent $6 million order, and the financial metrics from InvestingPro may shed light on the company's current market standing. With a market capitalization of $2.26 billion and a P/E ratio of 17.75, which adjusts to 18.25 on a last twelve months basis as of Q3 2024, OSI Systems is trading at a valuation that suggests a balance of growth and earnings. The company's PEG ratio, which stands at 0.35 for the same period, indicates a potential undervaluation relative to its earnings growth, aligning with one of the InvestingPro Tips that highlights the stock's low P/E ratio in relation to near-term earnings growth.
The company's revenue has shown significant growth, with a 22.13% increase over the last twelve months as of Q3 2024, and an even more impressive quarterly revenue growth of 33.85% in Q1 2024. This financial performance is complemented by a solid gross profit margin of 35.32% for the same period, which could be a positive sign for investors looking at the company's efficiency in generating income.
For investors seeking stability, another InvestingPro Tip suggests that OSI Systems generally trades with low price volatility, which might be appealing to those looking for less risky investments in the electronic systems and components sector. Additionally, analysts predict that the company will be profitable this year, a prediction supported by the company's profitable performance over the last twelve months.
For a deeper dive into OSI Systems' financials and additional InvestingPro Tips, including insights on stock performance and dividend policies, investors can explore the comprehensive analysis available on InvestingPro. There are 5 additional tips listed on the platform, which could provide valuable information for making informed investment decisions. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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