OSI Systems Inc. Files Q1 2024 10-Q Report

TL;DR

OSI Systems dropped its Q1 2024 10-Q. Check financials.

AI Summary

OSI Systems Inc. filed its 10-Q for the period ending September 30, 2024. The company reported its financial results and provided updates on its business operations. Key financial figures and operational details are disclosed in this filing, which is crucial for investors to assess the company's performance and outlook.

Why It Matters

This filing provides investors with a detailed look at OSI Systems' financial health and operational performance for the first quarter of fiscal year 2024, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial performance and market conditions detailed within can present varying levels of risk.

Key Numbers

• 0630 — Fiscal Year End (Indicates the end of the company's fiscal year.)
• 2024-09-30 — Reporting Period End Date (Specifies the end date for the financial data presented.)

Key Players & Entities

• OSI SYSTEMS INC (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period
• 2024-10-25 (date) — Filing date of the 10-Q
• 3109780516 (phone_number) — Business phone number for OSI Systems Inc.

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value OSIS The Nasdaq Global Se

Filing Documents

• osis-20240930x10q.htm (10-Q) — 1558KB
• osis-20240930xex31d1.htm (EX-31.1) — 12KB
• osis-20240930xex31d2.htm (EX-31.2) — 12KB
• osis-20240930xex32d1.htm (EX-32.1) — 7KB
• osis-20240930xex32d2.htm (EX-32.2) — 8KB
• osis-20240930x10q004.jpg (GRAPHIC) — 9KB
• 0001410578-24-001699.txt ( ) — 8725KB
• osis-20240930.xsd (EX-101.SCH) — 50KB
• osis-20240930_cal.xml (EX-101.CAL) — 68KB
• osis-20240930_def.xml (EX-101.DEF) — 267KB
• osis-20240930_lab.xml (EX-101.LAB) — 577KB
• osis-20240930_pre.xml (EX-101.PRE) — 401KB
• osis-20240930x10q_htm.xml (XML) — 1756KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 3 Item 1 —

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets at June 30, 2024 and September 30, 2024 3 Condensed Consolidated Statements of Operations for the three months ended September 30, 2023 and 2024 4 Condensed Consolidated Statements of Comprehensive Income for the three months ended September 30, 2023 and 2024 5 Condensed Consolidated Statements of Stockholders' Equity for the three months ended September 30, 2023 and 2024 6 Condensed Consolidated Statements of Cash Flows for the t hree months ended September 30, 2023 and 2024 7 Notes to Condensed Consolidated Financial Statements 8 Item 2 —

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3 —

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 28 Item 4 —

Controls and Procedures

Controls and Procedures 29

— OTHER INFORMATION

PART II — OTHER INFORMATION 30 Item 1 —

Legal Proceedings

Legal Proceedings 30 Item 1A —

Risk Factors

Risk Factors 30 Item 2 — Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3 — Defaults Upon Senior Securities 30 Item 4 — Mine Safety Disclosures 30 Item 5 — Other Information 30 Item 6 — Exhibits 31

Signatures

Signatures 32 2 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS OSI SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (amounts in thousands, except share amounts and par value) June 30, September 30, 2024 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 95,353 $ 85,053 Accounts receivable, net 648,155 687,610 Inventories 397,939 456,030 Prepaid expenses and other current assets 74,077 81,310 Total current assets 1,215,524 1,310,003 Property and equipment, net 113,967 124,613 Goodwill 351,480 381,444 Intangible assets, net 139,529 183,222 Other assets 115,508 114,232 Total assets $ 1,936,008 $ 2,113,514 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Bank lines of credit $ 384,000 $ 259,000 Current portion of long-term debt 8,167 8,217 Accounts payable 191,149 191,932 Accrued payroll and related expenses 46,732 41,048 Advances from customers 53,431 63,996 Other accrued expenses and current liabilities 131,158 148,343 Total current liabilities 814,637 712,536 Long-term debt, net 129,383 468,084 Other long-term liabilities 128,505 146,399 Total liabilities 1,072,525 1,327,019 Commitments and contingencies (Note 10) STOCKHOLDERS' EQUITY: Preferred stock, $ 0.001 par value— 10,000,000 shares authorized; no shares issued or outstanding — — Common stock, $ 0.001 par value— 100,000,000 shares authorized; issued and outstanding, 17,055,497 shares at June 30, 2024 and 16,710,749 shares at September 30, 2024 24,289 17 Retained earnings 861,230 810,553 Accumulated other comprehensive loss ( 22,036 ) ( 24,075 ) Total stockholders' equity 863,483 786,495 Total liabilities and stockholders' equity $ 1,936,008 $ 2,113,514 See accompanying notes to condensed consolidated financial statements. 3 Table of Contents OSI SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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View this 10-Q filing on SEC EDGAR