Market Summary
USD113.52-0.70
Market Closed-0.61%
OSIS Alerts
OSIS Stock Price
OSIS RSI Chart
OSIS Valuation
OSIS Price/Sales (Trailing)
OSIS Profitability
OSIS Fundamentals
OSIS Revenue
OSIS Earnings
Price Action
52 Week Range
69.31139.90
(Low)(High)
Last 7 days
-5.6%
Last 30 days
-3.7%
Last 90 days
-2.3%
Trailing 12 Months
45.7%
OSIS Financial Health
OSIS Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for OSIS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Chandra Shalabh | sold | -377,377 | 117 | -3,203 | pres., spacelabs healthcare |
2023-09-13 | Grindstaff Glenn | sold | -165,598 | 120 | -1,373 | chief human resources officer |
2023-09-12 | Morben Paul Keith | sold | -160,277 | 122 | -1,307 | pres., osi electronics |
2023-09-05 | MEHRA AJAY | sold (taxes) | -897,866 | 133 | -6,708 | executve vice president |
2023-09-05 | CHOPRA DEEPAK | acquired | - | - | 144,851 | president and ceo |
2023-09-05 | ALIABADI MANOOCHER M | sold (taxes) | -306,784 | 133 | -2,292 | pres., optoelectronics div |
2023-09-05 | Grindstaff Glenn | acquired | - | - | 2,425 | chief human resources officer |
2023-09-05 | EDRICK ALAN I | acquired | - | - | 29,854 | evp & cfo |
2023-09-05 | MEHRA AJAY | acquired | - | - | 8,956 | executve vice president |
2023-09-05 | ALIABADI MANOOCHER M | acquired | - | - | 2,645 | pres., optoelectronics div |
Which funds bought or sold OSIS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-13 | CGC Financial Services, LLC | new | - | 11,783 | 11,783 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | added | 1,272 | 37,857 | 40,416 | 0.01% |
2023-08-24 | Alberta Investment Management Corp | reduced | -21.17 | -83,285 | 816,562 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.29 | 232,137 | 2,281,900 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.79 | 107,000 | 598,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 1.02 | 11,423 | 81,947 | -% |
2023-08-18 | Legato Capital Management LLC | unchanged | - | 101,653 | 774,261 | 0.10% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -6.19 | 21,412 | 289,390 | -% |
2023-08-16 | Bridge City Capital, LLC | added | 0.06 | 287,337 | 2,179,970 | 1.03% |
2023-08-16 | RESOURCES MANAGEMENT CORP /CT/ /ADV | reduced | -62.27 | -765,000 | 117,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
OSIS Alerts
Schedule 13G FIlings of OSI Systems
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 10, 2023 | janus henderson group plc | 10.9% | 1,832,332 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.05% | 1,862,540 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 19.5% | 3,293,587 | SC 13G | |
| Jan 27, 2022 | blackrock inc. | 19.2% | 3,437,183 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 19.2% | 3,437,183 | SC 13G | |
| Jul 12, 2021 | vanguard group inc | 10.22% | 1,838,399 | SC 13G/A | |
| Feb 12, 2021 | dimensional fund advisors lp | 4.9% | 876,504 | SC 13G/A | |
| Feb 11, 2021 | janus henderson group plc | 10.2% | 1,834,887 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.60% | 1,720,846 | SC 13G/A | |
| Jan 25, 2021 | blackrock inc. | 19.2% | 3,440,096 | SC 13G/A |
Recent SEC filings of OSI Systems
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 13, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading |
OSIS Fair Value
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Peers (Alternatives to OSI Systems)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
APH | 49.6B | 12.6B | -2.87% | 16.69% | 26.05 | 3.95 | 5.26% | 6.38% |
KEYS | 23.3B | 5.6B | 1.81% | -19.16% | 20.64 | 4.17 | 6.17% | 2.08% |
JBL | 13.8B | 35.3B | 1.98% | 78.90% | 14.15 | 0.39 | 10.73% | 14.25% |
ZBRA | - | 5.5B | -15.10% | -19.78% | - | - | -5.22% | 30.78% |
| MID-CAP | ||||||||
FLEX | 11.4B | 30.3B | -2.00% | 42.25% | 14.45 | 0.38 | 12.16% | -14.13% |
DLB | 7.8B | 1.3B | -2.25% | 14.64% | 35.47 | 6.04 | 2.12% | 9.33% |
CGNX | 7.3B | 892.7M | -9.66% | -0.65% | 42.55 | 8.22 | -17.80% | -33.36% |
IPGP | 4.7B | 1.4B | -3.26% | 10.74% | 43.94 | 3.4 | -8.11% | -60.37% |
SANM | 3.1B | 9.1B | -4.61% | 12.00% | 9.98 | 0.34 | 24.00% | 28.81% |
PLXS | 2.5B | 4.3B | -9.03% | -0.45% | 16.57 | 0.57 | 22.08% | 23.25% |
| SMALL-CAP | ||||||||
OSIS | 1.9B | 1.3B | -3.72% | 45.65% | 20.85 | 1.5 | 8.04% | -20.43% |
BHE | 860.0M | 3.0B | -4.47% | -5.75% | 12.95 | 0.29 | 14.83% | 36.44% |
KE | 670.5M | 1.8B | -4.27% | 45.73% | 12.01 | 0.37 | 35.12% | 78.64% |
LASR | 479.0M | 224.2M | -5.33% | -3.29% | -9.18 | 2.14 | -15.40% | -50.79% |
OSI Systems News
Returns for OSIS
Cumulative Returns on OSIS
4.2%
10-Year Cumulative Returns
8.1%
7-Year Cumulative Returns
7.8%
5-Year Cumulative Returns
13.4%
3-Year Cumulative Returns
Risks for OSIS
What is the probability of a big loss on OSIS?
61.5%
Probability that OSI Systems stock will be more than 20% underwater in next one year
22.7%
Probability that OSI Systems stock will be more than 30% underwater in next one year.
18.9%
Probability that OSI Systems stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does OSIS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if OSI Systems was unfortunately bought at previous high price.
Drawdowns
Financials for OSI Systems
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 6.2% | 1,278 | 1,203 | 1,191 | 1,172 | 1,183 | 1,179 | 1,172 | 1,171 | 1,147 | 1,092 | 1,101 | 1,130 | 1,166 | 1,197 | 1,209 | 1,207 | 1,182 | 1,161 | 1,124 | 1,098 | 1,089 |
| Gross Profit | 5.0% | 431 | 410 | 409 | 413 | 424 | 420 | 421 | 423 | 420 | 403 | 408 | 417 | 421 | 432 | 434 | 434 | 431 | 419 | 405 | 396 | 392 |
| Operating Expenses | 1.0% | 295 | 292 | 297 | 297 | 303 | 304 | 301 | 300 | 305 | 298 | 312 | 320 | 316 | 323 | 317 | 317 | 323 | 328 | 339 | 344 | 336 |
| S&GA Expenses | 0.7% | 228 | 227 | 231 | 232 | 236 | 238 | 238 | 239 | 241 | 233 | 241 | 248 | 252 | 258 | 260 | 263 | 262 | 260 | 253 | 246 | 240 |
| R&D Expenses | 1.5% | 59.00 | 58.00 | 59.00 | 59.00 | 60.00 | 59.00 | 58.00 | 56.00 | 54.00 | 53.00 | 54.00 | 55.00 | 57.00 | 61.00 | 59.00 | 57.00 | 57.00 | 55.00 | 58.00 | 60.00 | 61.00 |
| EBITDA | -100.0% | - | 155 | 177 | 179 | 186 | 184 | 161 | 167 | 159 | 148 | 140 | 143 | 155 | 168 | 177 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.13* | 0.15* | 0.15* | 0.16* | 0.16* | 0.14* | 0.14* | 0.14* | 0.14* | 0.13* | 0.13* | 0.13* | 0.14* | 0.15* | - | - | - | - | - | - |
| Interest Expenses | 28.5% | 20.00 | 16.00 | 12.00 | 8.00 | 7.00 | 10.00 | 12.00 | 15.00 | 16.00 | 16.00 | 16.00 | 17.00 | 19.00 | 17.00 | 15.00 | 13.00 | 12.00 | 12.00 | 14.00 | 17.00 | 9.00 |
| Earnings Before Taxes | 14.2% | 115 | 101 | 126 | 132 | 140 | 133 | 108 | 109 | 99.00 | 88.00 | 79.00 | 78.00 | 86.00 | 90.00 | 97.00 | 95.00 | 86.00 | 69.00 | 46.00 | 33.00 | 37.00 |
| EBT Margin | -100.0% | - | 0.08* | 0.11* | 0.11* | 0.12* | 0.11* | 0.09* | 0.09* | 0.09* | 0.08* | 0.07* | 0.07* | 0.07* | 0.07* | 0.08* | - | - | - | - | - | - |
| Net Income | 10.4% | 92.00 | 83.00 | 104 | 108 | 115 | 107 | 84.00 | 84.00 | 74.00 | 62.00 | 63.00 | 64.00 | 75.00 | 78.00 | 78.00 | 76.00 | 65.00 | 53.00 | 36.00 | -29.88 | -29.13 |
| Net Income Margin | -100.0% | - | 0.07* | 0.09* | 0.09* | 0.10* | 0.09* | 0.07* | 0.07* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.07* | 0.06* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 77.00 | 54.00 | 77.00 | 49.00 | 35.00 | 38.00 | 59.00 | 123 | 139 | 142 | 140 | 109 | 114 | 112 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 4.9% | 1,556 | 1,483 | 1,466 | 1,468 | 1,443 | 1,459 | 1,443 | 1,443 | 1,384 | 1,326 | 1,301 | 1,271 | 1,269 | 1,287 | 1,302 | 1,290 | 1,265 | 1,284 | 1,298 | 1,328 | 1,256 |
| Current Assets | 7.9% | 840 | 779 | 767 | 771 | 746 | 759 | 770 | 730 | 709 | 661 | 634 | 615 | 618 | 638 | 648 | 637 | 641 | 659 | 681 | 702 | 651 |
| Cash Equivalents | 17.0% | 77.00 | 66.00 | 46.00 | 54.00 | 64.00 | 83.00 | 86.00 | 55.00 | 81.00 | 92.00 | 73.00 | 77.00 | 76.00 | 101 | 95.00 | 85.00 | 96.00 | 108 | 96.00 | 86.00 | 85.00 |
| Inventory | -9.1% | 338 | 372 | 361 | 362 | 334 | 345 | 334 | 321 | 294 | 284 | 266 | 255 | 241 | 241 | 253 | 269 | 274 | 298 | 315 | 344 | 314 |
| Net PPE | -0.2% | 109 | 109 | 108 | 108 | 110 | 113 | 116 | 117 | 118 | 125 | 128 | 128 | 128 | 129 | 130 | 128 | 127 | 125 | 121 | 120 | 116 |
| Goodwill | 0.8% | 350 | 347 | 339 | 336 | 336 | 337 | 320 | 319 | 320 | 319 | 318 | 316 | 311 | 309 | 309 | 307 | 307 | 307 | 305 | 305 | 292 |
| Liabilities | 1.6% | 830 | 816 | 818 | 843 | 805 | 841 | 823 | 787 | 745 | 710 | 713 | 713 | 696 | 734 | 744 | 749 | 713 | 758 | 801 | 841 | 766 |
| Current Liabilities | 3.9% | 572 | 550 | 538 | 562 | 614 | 646 | 694 | 657 | 345 | 326 | 333 | 334 | 330 | 376 | 384 | 395 | 382 | 426 | 470 | 511 | 443 |
| LT Debt, Current | 0.0% | 8.00 | 8.00 | 8.00 | 8.00 | 245 | 249 | 287 | 287 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| LT Debt, Non Current | -1.2% | 136 | 138 | 140 | 143 | 49.00 | 49.00 | 1.00 | 1.00 | 276 | 274 | 272 | 269 | 267 | 265 | 262 | 260 | 258 | 255 | 253 | 251 | 249 |
| Shareholder's Equity | 8.9% | 726 | 667 | 648 | 625 | 638 | 618 | 620 | 623 | 640 | 616 | 588 | 558 | 572 | 552 | 558 | 542 | 552 | 526 | 496 | 487 | 489 |
| Retained Earnings | 6.1% | 736 | 694 | 672 | 656 | 664 | 638 | 607 | 587 | 549 | 523 | 504 | 484 | 475 | 461 | 441 | 420 | 400 | 383 | 363 | 344 | 335 |
| Shares Outstanding | 0.2% | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 0.1% | 95.00 | 95.00 | 69.00 | 92.00 | 64.00 | 50.00 | 53.00 | 74.00 | 139 | 155 | 159 | 158 | 129 | 137 | 138 | 147 | 119 | 105 | 89.00 | 95.00 | 133 |
| Share Based Compensation | 1.8% | 29.00 | 29.00 | 28.00 | 28.00 | 28.00 | 28.00 | 29.00 | 28.00 | 27.00 | 25.00 | 23.00 | 24.00 | 24.00 | 24.00 | 24.00 | 26.00 | 25.00 | 26.00 | 26.00 | 24.00 | 24.00 |
| Cashflow From Investing | -10.9% | -40.46 | -36.47 | -16.18 | -13.92 | -12.67 | -15.12 | -29.60 | -30.19 | -34.69 | -40.50 | -47.55 | -46.91 | -42.69 | -36.00 | -32.59 | -26.29 | -48.49 | -47.39 | -60.61 | -67.59 | -145 |
| Cashflow From Financing | 47.0% | -37.17 | -70.20 | -85.37 | -70.65 | -64.01 | -43.37 | -10.88 | -69.28 | -103 | -127 | -134 | -119 | -104 | -103 | -107 | -120 | -58.31 | -142 | -143 | -133 | -72.08 |
| Buy Backs | -29.9% | 35.00 | 50.00 | 88.00 | 113 | 112 | 109 | 58.00 | 29.00 | 37.00 | 25.00 | 50.00 | 63.00 | 52.00 | 52.00 | 27.00 | 26.00 | 21.00 | 24.00 | 84.00 | 94.00 | 63.00 |
OSIS Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
| Net revenues: | |||
| Total net revenues | $ 1,278,427 | $ 1,183,236 | $ 1,146,902 |
| Cost of goods sold: | |||
| Total cost of goods sold | 847,917 | 758,809 | 726,984 |
| Gross profit | 430,510 | 424,427 | 419,918 |
| Operating expenses: | |||
| Selling, general and administrative | 228,313 | 235,553 | 240,747 |
| Research and development | 59,352 | 59,583 | 53,696 |
| Impairment, restructuring and other charges, net | 7,566 | 7,542 | 10,104 |
| Total operating expenses | 295,231 | 302,678 | 304,547 |
| Income from operations | 135,279 | 121,749 | 115,371 |
| Interest and other expense, net | (20,041) | (8,962) | (16,731) |
| Other income | 0 | 27,373 | |
| Income before income taxes | 115,238 | 140,160 | 98,640 |
| Provision for income taxes | (23,460) | (24,813) | (24,591) |
| Net income | $ 91,778 | $ 115,347 | $ 74,049 |
| Earnings per share: | |||
| Basic | $ 5.45 | $ 6.57 | $ 4.12 |
| Diluted | $ 5.34 | $ 6.45 | $ 4.03 |
| Shares used in per share calculation: | |||
| Basic | 16,828 | 17,551 | 17,968 |
| Diluted | 17,190 | 17,870 | 18,388 |
| Products | |||
| Net revenues: | |||
| Total net revenues | $ 958,827 | $ 897,259 | $ 872,809 |
| Cost of goods sold: | |||
| Total cost of goods sold | 676,772 | 608,990 | 586,935 |
| Services | |||
| Net revenues: | |||
| Total net revenues | 319,600 | 285,977 | 274,093 |
| Cost of goods sold: | |||
| Total cost of goods sold | $ 171,145 | $ 149,819 | $ 140,049 |
OSIS Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 76,750 | $ 64,202 |
| Accounts receivable, net | 380,845 | 307,973 |
| Inventories | 338,008 | 333,907 |
| Prepaid expenses and other current assets | 44,300 | 40,062 |
| Total current assets | 839,903 | 746,144 |
| Property and equipment, net | 108,933 | 109,684 |
| Goodwill | 349,505 | 336,357 |
| Intangible assets, net | 140,857 | 138,370 |
| Other assets | 116,488 | 112,595 |
| Total assets | 1,555,686 | 1,443,150 |
| CURRENT LIABILITIES: | ||
| Bank lines of credit | 215,000 | 60,000 |
| Current portion of long-term debt | 8,076 | 244,575 |
| Accounts payable | 139,011 | 125,204 |
| Accrued payroll and related expenses | 51,243 | 46,379 |
| Advances from customers | 21,250 | 19,917 |
| Other accrued expenses and current liabilities | 137,114 | 117,879 |
| Total current liabilities | 571,694 | 613,954 |
| Long-term debt, net | 136,491 | 48,668 |
| Deferred income taxes | 6,571 | 11,112 |
| Other long-term liabilities | 114,765 | 130,992 |
| Total liabilities | 829,521 | 804,726 |
| Commitments and contingencies | ||
| Stockholders' Equity: | ||
| Preferred stock, $0.001 par value- 10,000,000 shares authorized; no shares issued or outstanding | ||
| Common stock, $0.001 par value-100,000,000 shares authorized; issued and outstanding, 16,870,050 and 16,755,772 shares at June 30, 2022 and 2023, respectively | 9,835 | 17 |
| Retained earnings | 735,957 | 663,869 |
| Accumulated other comprehensive loss | (19,627) | (25,462) |
| Total stockholders' equity | 726,165 | 638,424 |
| Total liabilities and stockholders' equity | $ 1,555,686 | $ 1,443,150 |
OSI Systems, Inc. designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, radiation detection, hold baggage and people screening, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names. It also provides site design, installation, training, and technical support services; and security screening solutions under the S2 name. The Healthcare segment offers patient monitoring and diagnostic cardiology systems, and related supplies and accessories under the Spacelabs name for use in critical care, emergency, and perioperative areas within hospitals, physicians' offices, medical clinics, and ambulatory surgery centers. The Optoelectronics and Manufacturing segment provides optoelectronic devices under the OSI Optoelectronics, OSI LaserDiode, OSI Laserscan, Semicoa, and Advanced Photonix names for the aerospace and defense, avionics, medical imaging and diagnostics, biochemistry analysis, pharmaceutical, nanotechnology, telecommunications, construction, and homeland security markets. It also offers electronics manufacturing services to original equipment manufacturers and end users for medical, automotive, defense, aerospace, industrial, and consumer applications under the OSI Electronics, APlus Products, Altaflex, and PFC names; and LCD displays for medical, industrial, and consumer electronics applications, as well as flex circuits for OEM customers. This segment offers laser-based remote sensing devices to detect and classify vehicles in toll and traffic management systems under the OSI Laserscan and Autosense names; and solid-state laser products for aerospace, defense, telecommunication, and medical applications under the OSI LaserDiode name. The company was incorporated in 1987 and is headquartered in Hawthorne, California.