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Homeland Security

Earnings News & Notes

By Cal Biesecker

Tuesday, February 2nd, 2021

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OSI Systems [OSIS] 2Q21 2Q20 Sales $276M $305.3M Net Inc. $20M, $1.10 $21M, $1.12 Sales fell 10% on a 28% decline at the Security segment to $145.2 million due to the ongoing COVID-19 pandemic, which the company says in making it difficult to convert backlog into revenue. Deepak Chopra, OSI’s chairman, president and CEO, says travel restrictions “impede installations and certain factor and site acceptance tests.” The company expects Security sales to accelerate in the second half of the…

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