Exhibit 99.1 OSI SYSTEMS REPORTS FISCAL 2024 THIRD QUARTER FINANCIAL RESULTS HAWTHORNE, Calif. — (BUSINESS WIRE) — April 25, 2024 — OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced its financial results for the three and nine months ended March 31, 2024. Deepak Chopra, OSI Systems' Chairman and Chief Executive Officer, stated "We are pleased to report strong financial results as outstanding performance in the Security division led to record third quarter revenues and adjuste ...

Financial Performance - Total net revenues for the six months ended December 31, 2023, increased to $652,445,000, up 15.7% from $563,668,000 in the same period of 2022[9] - Net income for the three months ended December 31, 2023, was $36,553,000, representing a 123.5% increase compared to $16,354,000 in the same period of 2022[11] - Gross profit for the six months ended December 31, 2023, rose to $240,046,000, a 30.5% increase from $183,704,000 in the same period of 2022[9] - Net income for the six months ended December 31, 2023, increased to $49,432 thousand, up from $27,589 thousand in the same period of 2022, representing an increase of 79%[16] - Basic earnings per share for the six months ended December 31, 2023, rose to $2.92, compared to $1.63 for the same period in 2022, reflecting an increase of 79%[20] - The company reported a diluted earnings per share of $2.11 for the three months ended December 31, 2023, compared to $0.96 for the same period in 2022, marking a 119.8% increase[9] - Total revenues for the six months ended December 31, 2023, were $652,445,000, an increase from $563,668,000 in the same period of 2022, representing a growth of 15.7%[86] Cash and Liquidity - Cash and cash equivalents decreased to $76,750,000 as of June 30, 2023, down from $127,258,000 as of December 31, 2022[8] - Cash and cash equivalents at the end of the period totaled $127,258 thousand, a significant increase from $45,600 thousand at the end of the previous year[16] - Cash and cash equivalents increased by $50.5 million, or 65.8%, to $127.3 million at December 31, 2023, from $76.8 million at June 30, 2023[133] - As of December 31, 2023, cash and cash equivalents totaled $127.3 million, with approximately 92% held by foreign subsidiaries[141] Assets and Liabilities - Total current liabilities decreased to $571,694,000 as of June 30, 2023, from $700,391,000 as of December 31, 2022, reflecting a reduction of approximately 18.3%[8] - Total assets decreased to $1,555,686,000 as of June 30, 2023, from $1,726,477,000 as of December 31, 2022, a decline of approximately 9.9%[8] - The company’s retained earnings as of December 31, 2023, were $782,508,000, down from $735,957,000 as of June 30, 2023[13] - The warranty provision balance at the end of the period was $10,496,000, down from $10,734,000 at the beginning of the period[76] Research and Development - Research and development expenses for the six months ended December 31, 2023, were $32,272,000, up from $28,996,000 in the same period of 2022, indicating a growth of 7.9%[9] - Research and development expenses for YTD Q2 fiscal 2024 increased by $3.3 million, or 11.4%, to $32.3 million, primarily due to compensation costs related to new product development initiatives[129] Acquisitions and Investments - In December 2023, the company acquired a privately held contract manufacturer for approximately $6.3 million, financed with cash on hand[33] - In October 2023, the company acquired a provider of radiation detection technology for approximately $2.8 million, plus up to $3.6 million in potential contingent consideration[34] Revenue by Division - The Security division generated revenues of $414,604,000 for the six months ended December 31, 2023, up from $312,436,000 in the prior year, reflecting a growth of 32.8%[86] - Revenues from the Security division accounted for 64% of total consolidated revenues for the six months ended December 31, 2023, up from 55% in the same period of 2022[94] - The Security division's revenues increased by 49.3% year-over-year in Q2 fiscal 2024, reaching $250 million, driven by growth in cargo and vehicle inspection systems sales[111] - The Optoelectronics and Manufacturing division's revenues decreased by 3.8% year-over-year in Q2 fiscal 2024, totaling $81.4 million[113] - The Healthcare division's revenues decreased by 3.9% year-over-year in Q2 fiscal 2024, primarily due to a reduction in patient monitoring sales of $4.8 million[114] Operating Expenses - Total operating expenses for YTD Q2 fiscal 2024 were $165.2 million, an increase of $25.3 million, or 18.1%, from $139.9 million in the same prior-year period[128] - The company recognized $1.5 million in restructuring and other charges for the six months ended December 31, 2023, compared to $3.5 million for the same period in 2022[50] Market Conditions and Risks - The company faces uncertainties due to global economic factors, including inflationary pressures and supply chain disruptions, which may impact demand for its products and services[98] - The ongoing conflict between Russia and Ukraine has increased global economic and political uncertainty, potentially disrupting the company's supply chain and access to resources[106] Tax and Compliance - The effective tax rate for the six months ended December 31, 2023, was 21.0%, compared to 21.6% for the same period in 2022[83] - The company recognized a net discrete tax benefit of $2.3 million from changes in prior year tax estimates during the six months ended December 31, 2023[83] Other Financial Metrics - Interest expense related to the credit facility increased from $5.0 million in Q4 2022 to $7.0 million in Q4 2023[55] - Stock-based compensation expense for Q4 2023 was $7.328 million, slightly up from $7.239 million in Q4 2022[59] - Total unrecognized compensation cost related to share-based compensation grants was estimated at $1.2 million for stock options and $23.8 million for restricted stock units as of December 31, 2023[59]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-23125 OSI SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 33-0238801 (I.R.S. Employer Identification No.) 12525 Chadron Avenue Hawthorne, California 9025 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-23125 OSI SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

OSI Systems, Inc. (NASDAQ:OSIS) Q3 2023 Earnings Conference Call April 27, 2023 12:00 PM ET Company Participants Alan Edrick - Executive Vice President and Chief Financial Officer Deepak Chopra - President and Chief Executive Officer Conference Call Participants Josh Nichols - B. Riley Brian Ruttenbur - Imperial Capital Jeff Martin - Roth Capital Larry Solow - CJS Securities Operator Thank you for standing by and welcome to the OSI Systems, Inc. Third Quarter 2023 Conference Call. [Operator Instructions] As ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-23125 OSI SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

S, INC. New projects Integration SaaS, Software as a Service Systems and inspection training programs GLOBAL INSPECTION INTEGRATION MARKET OVERVIEW Automation of inspection operations worldwide Simulated locations Vendor agnostic platform Software as a Service model Significant opportunity pipeline 16 Air cargo market upgrading to ACSTL and EDS Standard 3 Innovative, customer-focused solution design & development, consulting, staffing and training enabling affordable access to state-of-the-art technology Pr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-23125 OSI SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

OSI Systems, Inc. (NASDAQ:OSIS) Q2 2023 Earnings Conference Call January 26, 2023 12:00 PM ET Company Participants Alan Edrick - Executive Vice President and CFO Deepak Chopra - President and CEO Conference Call Participants Brian Ruttenbur - Imperial Capital Larry Solow - CJS Securities Christopher Glynn - Oppenheimer Jeff Martin - ROTH Capital Partners Josh Nichols - B. Riley Operator Good day, and thank you for standing by. Welcome to OSI Systems, Inc. Second Quarter 2023 Conference Call. [Operator Instr ...

SECURITY, OPTOELECTRONICS AND HEALTHCARE SOLUTIONS FOR A SAFER & HEALTHIER WORLD Investor Presentation November 2022 1 Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company's current expectations, beliefs, and projections concerning matters that are no ...