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OSI Systems, Inc. (OSIS)

- NASDAQ
  • Dec. 9, 2013, 12:45 PM
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  • Dec. 9, 2013, 12:02 PM
    • OSI Systems' (OSIS -33.6%) shares plummet after news breaks that the company may face a ban on contracts with the DHS after its Rapiscan Systems subsidiary lost a contract from the TSA for carry-on baggage screeners.
    • The fiasco began on Friday, with OSI using a Chinese part without receiving consent from the TSA, which led to the department pulling the rug out from a $60M contract OSI won weeks ago.
    • The company is no stranger to government contract trouble, with Rapiscan averting debarment by the DHS last year over accusations that it had misled the TSA about testing of its body-scanning machines.
    • There is market chatter that Benchmark is out defending the company, calling the meltdown an overreaction.
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  • Aug. 21, 2013, 1:31 PM
    • OSI Systems (OSIS +2.1%) moves up after landing a 15-year contract from the Government of Albania to provide turnkey cargo and vehicle security screening services at various sites throughout the country.
    • Gross revenues are anticipated to range between $150M to $250M over the term of the agreement, although it warned actual revenues could differ significantly based upon the volume of cargo and other factors.
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  • Jun. 21, 2013, 3:08 PM
    OSI Systems (OSIS +13.6%) says it reached a favorable resolution and entered into an administrative agreement with the Department of Homeland Security settling issues relating to its Rapiscan Secure 1000SP Advanced Imaging Technology system and associated Automated Target Recognition software. In summary, Rapiscan can continue its current and future business with U.S. government agencies.
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  • Jun. 21, 2013, 12:45 PM
    Midday top 10 gainers: ORMP +36%. USMD +28%. NVGN +20%. UAMY +19%. CYTK +19%. SPRD +17%. IMMU +17%. OSIS +13%. INPH +13%. HWAY +13%.
    Midday top 10 Losers: IDIX -34%. BPAX -18%. PMC -17%. EBIX -17%. ELP -15%. CLNT -15%. NBG -9%. ORCL -9%. EDMC -9%. DSS -9%.
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  • May 20, 2013, 12:45 PM
    Midday top 10 gainers: AQ +115%. MEAD +104%. RSOL +50%. JASO +46%. CAMT +44%. PACT +32%. HSOL +31%. WBSN +28%. CSUN +27%. PPHM +20%.
    Midday top 10 losers: NBG -28%. TISI -17%. IEC -14%. XNPT -12%. VBFC -11%. CHCI -9%. RAVN -9%. SBSA -9%. OSIS -9%. INSY -9%.
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  • May 20, 2013, 10:40 AM
    OSI Systems (OSIS -8.2%) slips after saying its security division, Rapiscan Systems - which makes body scanning machines used in U.S. airports - expects to receive a proposed debarment notice from the Department of Homeland Security in connection with a Show Cause letter issued by agency regarding the termination of their software deal several months ago. The notice opens the first phase of formal proceedings that will allow Rapiscan to provide information and communicate directly with DHS officials.
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  • Jan. 24, 2013, 3:32 PM
    Shares of OSI Systems (OSIS -18%) take a bit hit today after its FQ2 revenue fell short of analyst estimates. The company also cut guidance for FY13, now expecting revenues of $850M - $875M, below consensus estimates of $876.5M. Last week, the company said its Rapiscan unit would no longer provide software development for body-scanning machines used in U.S. airports, but would maintain its agreement to provide the U.S. Transportation Security Administration with imaging systems.
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  • Jan. 24, 2013, 12:45 PM
    Midday top 10 gainers: JAXB +62%. NFLX +38%. SWFT +25%. TZOO +25%. HMNF +25%. CWBC +16%. YOD +16%. FDML +16%. BIOD +15%. TA +12%.
    Midday top 10 Losers: OSIS -14%. CCCL -12%. WHX -12%. FBC -12%. LOCM -11%. AAPL -11%. GV -10%. SNBC -10%. SNFCA -10%. DLHC -10%.
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  • Jan. 18, 2013, 10:58 AM
    OSI Systems (OSIS +4.23%) moves up today after saying that its reached an agreement with the TSA regarding the Rapiscan Imaging Technology systems and Automated Target Recognition software, in response to a “show cause” letter it received from the agency in November. Under the terms of the agreement, Rapiscan unit will no longer provide software development for body-scanning machines used in U.S. airports but will continue to provide the imaging systems.
    | 1 Comment
  • Nov. 26, 2012, 5:43 PM
    After-hours top gainers, as of 5:15 p.m.: ACAD +10%. CBAK +5.6%. LVS +4.6%. OSIS +3.8%. RSH +3.6%.
     
    After-hours top losers: THO -8.2%. WPRT -3.4%. CHC -2.9%. TUES -2.7%. EQR -2.7%.
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  • Nov. 16, 2012, 9:10 AM
    Premarket gainers: PENN +33%. SHF +29%. SWSH +22%. OMX +17%. ASCA +17%. CLNT +15%. BYD +12%. STSI +11%. MGM +7%. OSIS +6%. LVS +6%. VRNG +6%. GMCR +5%. CALI +5%. FRO +5%.
    Losers: DVAX -48%. SINA -7%.
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  • Nov. 16, 2012, 8:52 AM
    OSI Systems (OSIS) shares begin to recover from yesterday's 28% plunge following a report the maker of specialized electronics systems and components falsified information for its Rapiscan system. OSIS issued a denial, and Oppenheimer upgrades the stock and views the controversy as a "tempest in a teapot." OSIS +6.5% premarket.
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  • Nov. 15, 2012, 2:55 PM
    OSI Systems' (OSIS -34.1%) Rapiscan security business is under scrutiny for possibly providing false privacy data on its full-body scanners to the TSA. "Rapiscan did not falsify test data," OSIS responds. "In fact, TSA testimony to Congress today confirms that this was at all times a government controlled test and that Rapiscan could not have manipulated any test data."
    | 3 Comments
  • Nov. 15, 2012, 12:45 PM
    Midday top 10 gainers: RCON +91%. BXG +55%. CALI +45%. SGOC +44%. BGMD +22%. MEET +21%. ACRX +15%. SZYM +13%. DANG +12%. SGYP +11%. Midday top 10 Losers: TZYM -75%. FFEX -48%. TRIT -38%. ATEA -35%. SB -34%. VELT -34%. NAII -25%. OSIS -24%. UTSI -23%. DMND -22%.
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  • Feb. 27, 2012, 11:43 AM
    OSI Systems (OSIS +9.4%) says Mexico's tax and customs authority has exercised options that bring the total value of their six-year turnkey screening services agreement to ~$900M. The specialized electronics and services provider had previously announced a minimum obligated value of $400M for the program.
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Company Description
OSI Systems Inc, together with its subsidiaries, is a designer and manufacturer of electronic systems and components for critical applications. It operates in three divisions: Security, Healthcare, and Optoelectronics and Manufacturing.