Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- OSI Systems, Inc. (NASDAQ:OSIS) reported fourth-quarter revenue growth of 1.4% year-over-year to $336.82 million, beating the consensus of $336.38 million.
- The gross margin expanded by 82 bps to 36.4%. The operating income improved by 16.9% Y/Y to $39.56 million, and the margin expanded by 155 bps to 11.7%.
- Adjusted EPS was $1.96, beating the consensus of $1.95.
- During the quarter ended June 30, 2022, OSIS's book-to-bill ratio was 1.0, and the backlog was $1.2 billion (+15% Y/Y).
- Q4 operating cash flow was $22 million, and capital expenditures were $4.6 million.
- Alan Edrick, Executive Vice President and Chief Financial Officer, stated, "Overall, we were pleased with our fourth quarter and fiscal year 2022 financial results. In the face of continuing supply chain constraints throughout fiscal 2022, we invested in working capital, including maintaining higher inventory levels, which enabled us to be nimble and responsive to our customers in a difficult environment."
- FY23 Outlook: OSIS expects revenues of $1.24 billion to $1.275 billion vs. a consensus of $1.26 billion and adjusted earnings per diluted share of $6.02 to $6.25.
- Price Action: OSIS shares are trading lower by 9.8% at $92.26 during the post-market session on Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!