OSI Systems, Inc. (NASDAQ:OSIS) Q2 2023 Earnings Call Transcript

Alan Edrick: Yes, Josh, I think there’s a fantastic opportunity for next year in fiscal ’24 and ’25 for extremely strong cash flow kind of getting back to historical levels and then some. That being said, perhaps there’s other new, large opportunities as well that could factor into that as well. But yes, big opportunities for ’24 and ’25 based upon what we see today for cash flow.

Josh Nichols: Perfect. And then last question for me. Just trying to figure out the timing a little bit. So of the $200 million or so of CBP orders, I know you’ve been delivering on that. But like how much is left? And like how much of that is going to be coming in, in the back half versus like next year? Is it — I assume the majority will come next year, but any clarity you could provide on that would be helpful.

Alan Edrick: Sure, Josh. This is Alan. Yes, we do expect significant CBP revenues in the second half of this fiscal year, more than we saw in the first half, and we do expect substantial CBP revenues in fiscal ’24 as well. We don’t quantify by the dollar amount, but we do see a big uptick happening here in the second half and into fiscal ’24 as well.

Operator: And at this time, I’m showing no further questions

Deepak Chopra: Thank you all again for participating in our conference call. I want to thank specifically our employees and our stockholders supporting us. We continue to focus on the product line, manufacturing, challenges with supply chain and working with our customers’ needs. And we look forward to speaking with you at our next earnings call. Thank you very much. Have a good day. Bye.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.