Latest news with #Optex
Indianapolis Star
08-07-2025
- Automotive
- Indianapolis Star
Optex Systems Announces a $2.8 Million Award for Optical Sighting System
RICHARDSON, TX / ACCESS Newswire Optex Systems Holdings, Inc. (NASDAQ:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a $2.8 million purchase order from a major U.S. prime contractor in support of the XM30 Combat Vehicle. This contract will provide 13 sighting systems in support of the next milestone with deliveries in fiscal 2026. Danny Schoening, CEO, stated 'We are pleased to have been chosen for this critical optical assembly which encompasses many of Optex's core competencies. The customer's requirements, including a limited space claim, dictated an extremely complex optical design. By utilizing optical building blocks from previous designs combined with emerging technology, Optex will provide an elegant, robust, and serviceable solution.' The periscopes and optical sighting systems supplied by Optex Systems are designed to offer enhanced durability, superior optical clarity, and exceptional reliability in harsh combat environments. By combining innovation with rigorous quality control measures, the company ensures that every system delivers the best overall value to the U.S. Army. As a trusted partner of the defense industry, Optex Systems remains dedicated to advancing military optical technologies that enhance situational awareness and protection on the battlefield. This contract award reaffirms the company's leadership in the field of laser-protected vision systems and its ongoing commitment to supporting the mission readiness of U.S. forces and those of our allies. With this order, the current Optex backlog is in excess of $41.4 million. ABOUT OPTEX SYSTEMS Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words 'may,' 'will,' 'could,' 'should,' 'would,' 'plans,' 'expects,' 'anticipates,' 'continue,' 'estimate,' 'project,' 'intend,' 'likely,' 'forecast,' 'probable,' and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties. Contact: IR@ (972) 764-5718 SOURCE: Optex Systems Holdings, Inc.
Yahoo
16-05-2025
- Business
- Yahoo
Optex Stock Up 19% on Q2 Earnings Rise Y/Y on Periscope Demand
Shares of Optex Systems Holdings, Inc. OPXS have gained 19.1% since the company reported its earnings for the quarter ended March 30, 2025, notably outpacing the S&P 500's 1% change in the same period. Over the past month, OPXS stock has surged 42.9%, significantly outperforming the S&P 500's 11.4% rise, reflecting strong investor enthusiasm in response to robust quarterly results and management commentary. For the fiscal second quarter ended March 30, 2025, Optex reported earnings per share of 26 cents compared to 16 cents a year earlier. (See the Zacks Earnings Calendar to stay ahead of market-making news.) The company posted a 25.9% year-over-year revenue increase to $10.7 million, up from $8.5 million in the prior-year period. Net income rose by 66.5% to $1.8 million, compared to $1.1 million a year ago. Gross profit jumped 31.4% to $3.4 million, and gross margin expanded by 130 basis points to 31.3%, driven by increased sales volume and better absorption of fixed costs. Operating income also climbed 65% to $2.2 million, highlighting improved efficiency across both segments. Optex Systems Holdings Inc. price-consensus-eps-surprise-chart | Optex Systems Holdings Inc. Quote The six-month figures further support Optex's growth narrative. Revenues increased 22.2% year over year to $18.9 million for the six months ended March 30, 2025, while net income grew 74.9% to $2.6 million. Gross margin over the six-month period rose to 29%, from 27.4% in the year-ago period, bolstered by higher product demand and optimized production. Adjusted EBITDA for the six-month period rose 49.6% to $3.6 million, signaling robust underlying profitability. Backlog as of March 30, 2025, stood at $41.1 million, down 7% from $44.2 million as of both March 31 and Sept. 29, 2024. However, management quickly followed up the quarter with a $5.7 million laser filter contract for the Applied Optics Center, set for delivery between August 2025 and December 2026. CEO Danny Schoening credited the strong quarterly performance to enhanced periscope production capacity and elevated demand for laser filters, especially at the Applied Optics Center. He emphasized Optex's operational execution and alignment with customer expectations. The company's focus on maintaining high product quality and customer support was highlighted as a cornerstone of its recent momentum. Revenue growth during the quarter was primarily attributed to greater periscope production and heightened customer demand for laser filter products. The corresponding increase in gross profit was largely due to improved absorption of fixed costs on a higher revenue base. The company's manufacturing facilities in Richardson were instrumental in scaling production efficiently. Additionally, Optex reported a decrease in inventory to $13.9 million from $14.9 million as of Sept. 29, 2024, signaling progress in inventory management and product turnover. During the quarter, Optex took financial steps to strengthen its balance sheet by repaying $1 million against its credit facility, reducing its outstanding debt to zero as of March 30, 2025. The company ended the quarter with $3.5 million in cash and a working capital position of $17.9 million, up from $15.1 million at the end of fiscal 2024. These moves reflect a conservative financial strategy aimed at maintaining liquidity and funding operational needs internally. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Optex Systems Holdings Inc. (OPXS): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Associated Press
09-04-2025
- Business
- Associated Press
Optex Systems Announces $5.7 Million Order for Laser Filter Units
RICHARDSON, TX / ACCESS Newswire / April 9, 2025 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a new contract for laser filter units associated with the XM157 Next Generation Fire Control Scope. The order value is $5.7 million with deliveries between August 2025 through December 2026. 'The AOC team is excited to continue supplying eye protection for our troops associated with the XM157 program. We take our responsibility of supplying high performance laser protection devices very seriously, on this and other similar programs. We look forward to supporting the program now and well into the future,' stated Bill Bates, General Manager of Applied Optics Center. With this new order, the current Optex backlog is in excess of $46 million. ABOUT OPTEX SYSTEMS Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words 'may,' 'will,' 'could,' 'should,' 'would,' 'plans,' 'expects,' 'anticipates,' 'continue,' 'estimate,' 'project,' 'intend,' 'likely,' 'forecast,' 'probable,' and similar expressions. These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties. (972) 764-5718
