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Homeland Security

Earnings News & Notes

By Cal Biesecker

Tuesday, November 10th, 2020

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Earnings News & Notes

Tunnel entrance to Rapiscan's RTT 110 explosive detection system. Photo: OSI Systems

OSI Systems [OSIS] 1Q21 1Q20 Sales $254.9M $290.9M Net Inc. $9.3M, $0.51 $20.7M, $1.10 Sales tumbled 12% on a 29% drop at the Security segment to $134.8million, which continues to suffer due to impacts from the ongoing COVID-19 pandemic. The coronavirus is limiting travel and getting people in place to install equipment, including at airports, ports and borders, Deepak Chopra, OSI’s CEO, said during the company’s earnings call. Bid activity remains strong, he added. The decline at the security segment…

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