OSI Systems, Inc. (NASDAQ:OSIS) Q2 2024 Earnings Call Transcript

Jeffrey Martin : Great. And then just one more if I could. Latches onto what you just mentioned. Are there technologies where you feel like you’ve got some internal development to do. You do spend a lot on R&D, you mentioned AI in airport screening. Just curious if there’s technologies out there that you see as a significant opportunity to continue to differentiate?

Deepak Chopra : Well, the technology advancement will continue. In the cargo space, we are very well focused into it. We keep spending good money into it. We are integrating, like for example, CertScan and some other automation into the cargo space. In the aviation space, our checkpoint — our RTT for check baggage is very well received. We are putting some AI into it. In the passenger screening and what I call the metal gates and the stuff, definitely there is technology out there for higher throughput, more technology to do better resolution stuff. We are working, developing it ourselves, plus also partnering with some new technology platforms to integrate our products.

Operator: At this time, I would now like to turn the conference back over to Deepak Chopra, CEO, for closing remarks.

Deepak Chopra : Thank you all for participating in our call, and I want to again, thank our employees and our customers and all our stockholders supporting us. It’s been a great quarter and we look forward to again talking to you and we feel very good and confident about our strong second half and the year beyond. Thank you.

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