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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (4969)	1/29/2002 5:14:45 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 5893

OSIS Briefing: 16:54 ET OSI Systems beats estimates (OSIS) 19.95 -1.23: Reports Q2 EPS of $0.12, $0.04 better than the Multex consensus; revs were $30.0 mln.. Full Report: OSI Systems Reports $0.12 EPS on Increased Share Count for Fiscal Second Quarter 2002 Business Editors HAWTHORNE, Calif.--(BUSINESS WIRE)--Jan. 29, 2002--OSI Systems, Inc. (Nasdaq:OSIS): -- Security sales up 32% from year ago quarter and up 34% sequentially from Q1 -- Total Revenues of $30 million OSI Systems, Inc. (Nasdaq:OSIS) today announced financial results for the second fiscal quarter and six months ending December 31, 2001. The Company's revenues for the second quarter of fiscal 2002 were $30.0 million, compared to $28.0 million in the same period last year, an increase of $2.0 million or 7%. Excluding revenues from divested businesses of approximately $2.0 million, the increase in revenues would have been 16%. Net income for the second quarter of fiscal 2002 was $1.3 million, an increase of 266% from $351,000 for the second quarter of fiscal 2001. OSI Systems diluted earnings per share for the quarter ended December 31, 2001 was $0.12 on 11.1 million diluted shares compared to $0.04 on 9.3 million diluted shares in the same quarter last year. Revenues from the Company's security-related businesses increased by $4.5 million or 32% from $14.1 million in the second quarter of 2001 to $18.6 million in the second quarter of fiscal 2002. Sequentially, security sales increased 34% from $13.9 million in the first fiscal quarter ending September 30, 2001. For the six months ended December 31, 2001 OSI Systems reported revenues of $56.5 million versus $52.9 million in the year ago six month period ending December 31, 2000. This represents an increase of $3.6 million or 7%. Excluding revenues from divested businesses the increase would have been $8.0 million or 17%. The six month net income for the period ended December 31, 2001 increased to $1.7 million or diluted earnings per share of $0.17 as compared to a net loss of $154,000 or loss per share of $0.02 for the prior year six month period. "The momentum in our security business continues to be strong," said Deepak Chopra, OSI Systems' Chairman and CEO. "Our vertical integration, from component supply to in-house, global manufacturing and distribution, has been of great benefit in allowing us to convert backlog into shipments at a rapid rate. "Strategically, our company has made tremendous progress in the past few months by successfully raising equity financing and announcing our agreement with L3 to purchase certain portions of the security related businesses of PerkinElmer," continued Chopra. "Our cash position has improved substantially from only $5 million several months ago to approximately $67 million currently. "We continue to experience an increased level of interest in all of our security products and are working to convert sales opportunities into revenues while awaiting the FAA and US Government's security initiatives. From a capacity standpoint we stand ready to fulfill both Aviation and Homeland Security related orders." A replay of the OSI Systems conference call will be available from 4:30 p.m. Pacific time on January 29 until 4:30 p.m. Pacific time on January 30. The replay may be accessed by calling (800) 633-8284 (domestic) or (858) 812-6440 (international) and entering the conference call identification number 20272030. About OSI Systems Inc. OSI Systems Inc. is a diversified global developer, manufacturer and seller of optoelectronic-based components and systems. The company has more than 30 years of optoelectronics experience, and through its family of subsidiaries, competes in four specific growth areas: OEM Manufacturing, Security, Medical and Fiber Optics. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com. Fred