Syntec Optics Holdings Financials
This page shows Syntec Optics Holdings (OPTXW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Syntec Optics Holdings has an operating margin of -9.1%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 2/100, suggesting thin profitability after operating expenses. This is down from 5.2% the prior year.
Syntec Optics Holdings's revenue declined 3.4% year-over-year, from $29.4M to $28.4M. This contraction results in a growth score of 28/100.
Syntec Optics Holdings carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Syntec Optics Holdings's current ratio of 1.31 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
While Syntec Optics Holdings generated -$943K in operating cash flow, capex of $1.2M consumed most of it, leaving -$2.2M in free cash flow. This results in a low score of 6/100, reflecting heavy capital investment rather than weak cash generation.
Syntec Optics Holdings generates a -22.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 15.1% the prior year.
Syntec Optics Holdings passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Syntec Optics Holdings generates $0.38 in operating cash flow (-$943K OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Syntec Optics Holdings generated $28.4M in revenue in fiscal year 2024. This represents a decrease of 3.4% from the prior year.
Syntec Optics Holdings's EBITDA was $189K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 95.6% from the prior year.
Syntec Optics Holdings reported -$2.5M in net income in fiscal year 2024. This represents a decrease of 225.5% from the prior year.
Syntec Optics Holdings earned $-0.07 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 216.7% from the prior year.
Cash & Balance Sheet
Syntec Optics Holdings generated -$2.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 350.6% from the prior year.
Syntec Optics Holdings held $599K in cash against $2.6M in long-term debt as of fiscal year 2024.
Syntec Optics Holdings had 37M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Margins & Returns
Syntec Optics Holdings's gross margin was 20.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.9 percentage points from the prior year.
Syntec Optics Holdings's operating margin was -9.1% in fiscal year 2024, reflecting core business profitability. This is down 14.3 percentage points from the prior year.
Syntec Optics Holdings's net profit margin was -8.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 15.4 percentage points from the prior year.
Syntec Optics Holdings's ROE was -22.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 37.6 percentage points from the prior year.
Capital Allocation
Syntec Optics Holdings invested $1.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 35.5% from the prior year.
OPTXW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M+6.0% | $6.6M-7.2% | $7.1M-3.5% | $7.3M-6.9% | $7.9M+12.3% | $7.0M+12.0% | $6.3M-24.3% | $8.3M |
| Cost of Revenue | $6.1M+22.9% | $5.0M+4.2% | $4.8M-24.9% | $6.3M+5.0% | $6.0M+24.9% | $4.8M-12.9% | $5.5M-11.6% | $6.3M |
| Gross Profit | $854K-46.5% | $1.6M-30.8% | $2.3M+133.9% | $987K-46.2% | $1.8M-15.7% | $2.2M+207.4% | $707K-64.4% | $2.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.1M+18.8% | $1.7M-2.0% | $1.8M-26.5% | $2.4M+40.1% | $1.7M-14.3% | $2.0M-4.7% | $2.1M+9.1% | $1.9M |
| Operating Income | -$1.2M-733.2% | -$146K-127.7% | $528K+136.8% | -$1.4M-1449.8% | $106K-33.0% | $159K+111.3% | -$1.4M-2868.0% | $51K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | $10K+107.5% | -$127K-63.5% | -$78K-368.1% | $29K+108.6% | -$338K+60.6% | -$859K |
| Net Income | -$1.4M-315.5% | -$344K-206.3% | $324K+121.0% | -$1.5M-11481.5% | -$13K-104.7% | $282K+123.3% | -$1.2M-220.7% | $1.0M |
| EPS (Diluted) | $-0.04-300.0% | $-0.01-200.0% | $0.01 | N/A | $0.00-100.0% | $0.01+133.3% | $-0.03 | N/A |
OPTXW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.6M-2.8% | $25.3M-3.8% | $26.3M+1.1% | $26.0M-4.8% | $27.3M+6.0% | $25.8M+4.7% | $24.6M-7.3% | $26.5M |
| Current Assets | $14.6M-0.5% | $14.6M-2.5% | $15.0M+8.1% | $13.9M-2.2% | $14.2M-2.5% | $14.6M+6.8% | $13.6M-9.9% | $15.2M |
| Cash & Equivalents | $578K+101.3% | $287K-46.9% | $541K-9.7% | $599K+25.6% | $477K-42.6% | $830K-50.7% | $1.7M-22.0% | $2.2M |
| Inventory | $7.9M-0.9% | $8.0M+5.2% | $7.6M+9.2% | $7.0M-8.0% | $7.6M+0.8% | $7.5M+15.9% | $6.5M+11.0% | $5.8M |
| Accounts Receivable | $5.8M-3.6% | $6.0M-4.5% | $6.3M+97.6% | $3.2M-45.0% | $5.8M-2.0% | $5.9M+16.6% | $5.1M+13.2% | $4.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $14.8M+3.4% | $14.3M-4.4% | $14.9M-0.2% | $15.0M-1.4% | $15.2M+11.4% | $13.6M+6.8% | $12.8M-5.3% | $13.5M |
| Current Liabilities | $12.0M+16.2% | $10.3M-4.4% | $10.8M+1.8% | $10.6M-0.2% | $10.6M-2.1% | $10.8M+10.3% | $9.8M-13.8% | $11.4M |
| Long-Term Debt | $1.3M-45.7% | $2.4M-5.0% | $2.5M-4.5% | $2.6M-3.1% | $2.7M-4.1% | $2.8M-4.7% | $3.0M+45.9% | $2.0M |
| Total Equity | $9.8M-10.9% | $11.0M-3.0% | $11.4M+2.9% | $11.0M-9.0% | $12.1M-0.1% | $12.1M+2.4% | $11.9M-9.3% | $13.1M |
| Retained Earnings | $7.2M-16.6% | $8.6M-3.8% | $9.0M+3.7% | $8.7M-15.1% | $10.2M-0.1% | $10.2M+2.8% | $9.9M-10.9% | $11.1M |
OPTXW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $535K+438.7% | -$158K-152.8% | $299K-52.0% | $624K+49.5% | $417K+124.6% | -$1.7M-484.5% | -$290K-117.2% | $1.7M |
| Capital Expenditures | $39K-90.0% | $390K+81.6% | $215K-64.9% | $612K+63.8% | $373K+134.1% | $160K+67.6% | $95K-89.9% | $942K |
| Free Cash Flow | $496K+190.5% | -$548K-748.2% | $85K+597.0% | $12K-72.3% | $44K+102.4% | -$1.9M-381.4% | -$385K-151.6% | $746K |
| Investing Cash Flow | -$39K+90.0% | -$390K-81.6% | -$215K+64.9% | -$612K-63.8% | -$373K-349.9% | $149K+257.0% | -$95K+89.9% | -$942K |
| Financing Cash Flow | -$205K-169.8% | $294K+306.6% | -$142K-229.6% | $110K+127.6% | -$398K+3.0% | -$410K-140.5% | $1.0M-22.7% | $1.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OPTXW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.3%-12.1pp | 24.4%-8.3pp | 32.7%+19.2pp | 13.5%-9.8pp | 23.3%-7.7pp | 31.0%+19.7pp | 11.3%-12.8pp | 24.1% |
| Operating Margin | -17.5%-15.3pp | -2.2%-9.7pp | 7.5%+27.1pp | -19.6%-20.9pp | 1.4%-0.9pp | 2.3%+24.8pp | -22.5%-23.1pp | 0.6% |
| Net Margin | -20.6%-15.3pp | -5.2%-9.8pp | 4.6%+25.6pp | -21.0%-20.8pp | -0.2%-4.2pp | 4.0%+23.3pp | -19.3%-31.4pp | 12.1% |
| Return on Equity | -14.6%-11.4pp | -3.1%-6.0pp | 2.9%+16.8pp | -14.0%-13.8pp | -0.1%-2.4pp | 2.3%+12.5pp | -10.2%-17.9pp | 7.7% |
| Return on Assets | -5.8%-4.5pp | -1.4%-2.6pp | 1.2%+7.2pp | -5.9%-5.9pp | -0.1%-1.1pp | 1.1%+6.0pp | -4.9%-8.7pp | 3.8% |
| Current Ratio | 1.22-0.2 | 1.42+0.0 | 1.40+0.1 | 1.31-0.0 | 1.340.0 | 1.35-0.0 | 1.39+0.1 | 1.33 |
| Debt-to-Equity | 0.13-0.1 | 0.220.0 | 0.22-0.0 | 0.24+0.0 | 0.220.0 | 0.23-0.0 | 0.25+0.1 | 0.15 |
| FCF Margin | 7.1%+15.5pp | -8.4%-9.6pp | 1.2%+1.0pp | 0.2%-0.4pp | 0.6%+27.0pp | -26.5%-20.3pp | -6.2%-15.2pp | 9.0% |
Frequently Asked Questions
What is Syntec Optics Holdings's annual revenue?
Syntec Optics Holdings (OPTXW) reported $28.4M in total revenue for fiscal year 2024. This represents a -3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Syntec Optics Holdings's revenue growing?
Syntec Optics Holdings (OPTXW) revenue declined by 3.4% year-over-year, from $29.4M to $28.4M in fiscal year 2024.
Is Syntec Optics Holdings profitable?
No, Syntec Optics Holdings (OPTXW) reported a net income of -$2.5M in fiscal year 2024, with a net profit margin of -8.7%.
What is Syntec Optics Holdings's EBITDA?
Syntec Optics Holdings (OPTXW) had EBITDA of $189K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Syntec Optics Holdings have?
As of fiscal year 2024, Syntec Optics Holdings (OPTXW) had $599K in cash and equivalents against $2.6M in long-term debt.
What is Syntec Optics Holdings's gross margin?
Syntec Optics Holdings (OPTXW) had a gross margin of 20.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Syntec Optics Holdings's operating margin?
Syntec Optics Holdings (OPTXW) had an operating margin of -9.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Syntec Optics Holdings's net profit margin?
Syntec Optics Holdings (OPTXW) had a net profit margin of -8.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Syntec Optics Holdings's return on equity (ROE)?
Syntec Optics Holdings (OPTXW) has a return on equity of -22.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Syntec Optics Holdings's free cash flow?
Syntec Optics Holdings (OPTXW) generated -$2.2M in free cash flow during fiscal year 2024. This represents a -350.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Syntec Optics Holdings's operating cash flow?
Syntec Optics Holdings (OPTXW) generated -$943K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Syntec Optics Holdings's total assets?
Syntec Optics Holdings (OPTXW) had $26.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Syntec Optics Holdings's capital expenditures?
Syntec Optics Holdings (OPTXW) invested $1.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Syntec Optics Holdings's current ratio?
Syntec Optics Holdings (OPTXW) had a current ratio of 1.31 as of fiscal year 2024, which is considered adequate.
What is Syntec Optics Holdings's debt-to-equity ratio?
Syntec Optics Holdings (OPTXW) had a debt-to-equity ratio of 0.24 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Syntec Optics Holdings's return on assets (ROA)?
Syntec Optics Holdings (OPTXW) had a return on assets of -9.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Syntec Optics Holdings's cash runway?
Based on fiscal year 2024 data, Syntec Optics Holdings (OPTXW) had $599K in cash against an annual operating cash burn of $943K. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Syntec Optics Holdings's Piotroski F-Score?
Syntec Optics Holdings (OPTXW) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Syntec Optics Holdings's earnings high quality?
Syntec Optics Holdings (OPTXW) has an earnings quality ratio of 0.38x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Syntec Optics Holdings?
Syntec Optics Holdings (OPTXW) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.