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News Breaks
November 15, 2012
10:39 EDTOSISOSI Systems plunges after congressman accuses unit of fraud
OSI Systems (OSIS) is tumbling after a key congressman said the company may have committed fraud by "knowingly manipulating" the results of an operational test, Bloomberg reported last night. In a November 13 letter to Transportation Security Administration head John Pistol, Republican Congressman Mike Rogers, the chairman of the House Transportation Security Subcommittee, wrote that his panel had received a tip indicating that OSI had faked a test, the news service explained. OSI's Rapsican unit could be hit with fines, prison terms and a ban on receiving government contracts in the future if the allegation is proven, Bloomberg quoted Dan Gordon, a former head of federal procurement as saying. In mid-morning trading, OSI Systems plummeted $15.47, or 20.27%, to $60.82.
News For OSIS From The Last 14 Days
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April 27, 2015
09:07 EDTOSISOSI Systems lowers FY15 EPS view to $3.42-$3.60, consensus $3.59
Sees FY15 revenue $950M-$975M, consensus $976.27M. This revised guidance reflects lower than previously expected sales due to the adverse impact of the strong dollar as well as reduced sales volumes primarily in the Security division due to timing issues with less favorable product mix.
09:05 EDTOSISOSI Systems reports Q3 EPS 78c, consensus 77c
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April 21, 2015
09:02 EDTOSISOSI Systems receives $27M contract for RTT hold baggage screening
OSI Systems announced that its security division, Rapiscan Systems, has received a contract valued at approximately $27M to provide multiple units of the RTT 110 explosives detection system to Leonardo da Vinci Fiumicino Airport.

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