Welcome to our dedicated page for Syntec Optics Holdings news (Ticker: OPTX), a resource for investors and traders seeking the latest updates and insights on Syntec Optics Holdings stock.
Syntec Optics Holdings (Nasdaq: OPTX) delivers mission-critical optical solutions for defense, aerospace, and emerging technologies. This page provides official updates on financial performance, product innovations, and strategic developments from a vertically integrated leader in precision optics manufacturing.
Access curated press releases and verified news covering OPTX's advancements in nano-machined components, space technology optics, and biomedical imaging systems. Stay informed about earnings announcements, R&D milestones, and partnerships shaping the future of photonics across key industries.
Key updates include:
• Financial Reports: Quarterly earnings and SEC filings
• Product Launches: New optical systems for LEO satellites and AI data centers
• Operational Updates: Manufacturing expansions and quality certifications
• Industry Recognition: Awards and patents in precision engineering
Bookmark this page for direct access to Syntec Optics' latest developments in advanced optical solutions serving defense, communications, and scientific markets.
Syntec Optics Holdings (Nasdaq: OPTX) reported its financial results for Q4 2023, FY 2023, and Q1 2024. The company saw significant improvements in its financial metrics.
Full Year 2023 highlights include a revenue increase to $29.4 million from $27.8 million in 2022, and adjusted EBITDA rising to $5.3 million from $4.5 million. EPS improved to $0.06 from -$0.01 in 2022. Cash reserves increased to $2.2 million from $0.5 million, and debt reduced to $8.9 million from $9.9 million.
Fourth Quarter 2023 saw net sales grow to $8.3 million from $7.1 million in Q4 2022. Q1 2024 reported net sales of $6.3 million, down from $6.9 million in Q1 2023, and adjusted EBITDA dropped to -$0.7 million from $1.0 million. Syntec Optics launched multiple new products, maintaining innovation and operational flexibility despite challenges.
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