Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Third Quarter 2025 Financial Results
Syntec Optics (Nasdaq: OPTX) reported third-quarter 2025 results with net sales of $6.95M, up 6% sequentially from Q2 2025, driven by higher volumes in LEO satellite optics, night vision, and defense lines.
Gross profit was $0.9M (down $1.0M YoY and $0.7M QoQ) after investments in labor and overhead. Adjusted EBITDA was approximately $0M (negative $0.01M). Net loss was $1.4M (loss of $0.04 per share). Cash balances were $0.6M and cash plus available credit totaled $1.3M. Q4 2025 revenue is guided to $7.3–$8.0M.
Syntec Optics (Nasdaq: OPTX) ha riportato i risultati del terzo trimestre 2025 con vendite nette di 6,95 milioni di dollari, in aumento del 6% rispetto al Q2 2025, trainate da volumi più alti nelle linee di ottica satellitare LEO, visione notturna e difesa.
Il utile lordo è stato di 0,9 milioni di dollari (in calo di 1,0 milioni YoY e 0,7 milioni QoQ) dopo investimenti in lavoro e overhead. L'EBITDA rettificato è stato di circa 0 milioni di dollari (negativo 0,01 milioni). La perdita netta è stata di 1,4 milioni di dollari (perdita di 0,04 dollari per azione). I saldi di cassa erano di 0,6 milioni di dollari e la cassa più disponibilità di credito ammontava a 1,3 milioni di dollari. Le previsioni di fatturato per il Q4 2025 sono di 7,3–8,0 milioni di dollari.
Syntec Optics (Nasdaq: OPTX) informó resultados del tercer trimestre de 2025 con ventas netas de 6,95 millones de dólares, un aumento del 6% secuencialmente respecto al Q2 2025, impulsado por mayores volúmenes en óptica satelital LEO, visión nocturna y líneas de defensa.
La utilidad bruta fue de 0,9 millones de dólares (una caída de 1,0 millones interanual y 0,7 millones secuencial tras inversiones en mano de obra y gastos generales). El EBITDA ajustado fue aproximadamente de 0 millones de dólares (negativo 0,01 millones). La pérdida neta fue de 1,4 millones de dólares (pérdida de 0,04 por acción). Los saldos de efectivo fueron de 0,6 millones de dólares y el efectivo más crédito disponible totalizó 1,3 millones de dólares. Se proyecta que los ingresos del Q4 2025 estén entre 7,3 y 8,0 millones de dólares.
Syntec Optics (Nasdaq: OPTX)는 2025년 3분기 실적을 발표했습니다. 순매출은 6.95백만 달러로 2025년 2분기 대비 6% 증가했으며, LEO 위성 광학, 야간투시 및 방위 라인의 증가한 수요에 의해 주도되었습니다.
총이익은 0.9백만 달러로 YoY -1.0백만, QoQ -0.7백만 감소했습니다. 이는 노동 및 일반 관리 비용 증가 이후의 수치입니다. 조정 EBITDA는 대략 0백만 달러였으며 음수 0.01백만에 해당합니다. 순손실은 1.4백만 달러이고 주당 손실은 0.04달러였습니다. 현금 보유액은 0.6백만 달러이며 현금과 사용 가능한 신용은 합계 1.3백만 달러였습니다. 2025년 4분기 매출 가이던스는 7.3–8.0백만 달러입니다.
Syntec Optics (Nasdaq : OPTX) a publié les résultats du troisième trimestre 2025 avec un chiffre d'affaires net de 6,95 millions de dollars, en hausse de 6% par rapport au T2 2025, tiré par des volumes plus élevés dans l'optique satellitaire LEO, la vision nocturne et les lignes de défense.
La marge brute s’élevait à 0,9 million de dollars (en baisse de 1,0 million YoY et 0,7 million QoQ) après des investissements en main-d'œuvre et frais généraux. L’EBITDA ajusté était d’environ 0 million de dollars (négatif 0,01 million). La perte nette était de 1,4 million de dollars (perte de 0,04 dollar par action). Les liquidités s’élevaient à 0,6 million de dollars et les liquidités plus le crédit disponible totalisaient 1,3 million de dollars. Les prévisions de chiffre d'affaires pour le T4 2025 se situent entre 7,3 et 8,0 millions de dollars.
Syntec Optics (Nasdaq: OPTX) berichtete über die Ergebnisse des dritten Quartals 2025 mit einem Nettoumsatz von 6,95 Mio. USD, einem sequenziellen Anstieg von 6% gegenüber Q2 2025, getragen von höheren Volumen in LEO-Satellitenoptik, Nachtsicht- und Verteidigungsbereichen.
Der Bruttogewinn betrug 0,9 Mio. USD (rückläufig um 1,0 Mio. YoY und 0,7 Mio. QoQ nach Investitionen in Arbeitskräfte und Gemeinkosten). Das bereinigte EBITDA lag bei ca. 0 Mio. USD (negativ 0,01 Mio. USD). Der Nettobertrag lag bei 1,4 Mio. USD Verlust (0,04 USD Verlust pro Aktie). Die Barmittel beliefen sich auf 0,6 Mio. USD und Cash plus verfügbares Kreditlimit betrug 1,3 Mio. USD. Der Umsatzleitfaden für Q4 2025 liegt bei 7,3–8,0 Mio. USD.
Syntec Optics (Nasdaq: OPTX) أبلغت عن نتائج الربع الثالث من 2025 بإيرادات صافية قدرها 6.95 مليون دولار، بارتفاع نسبته 6% مقارنةً بالربع الثاني من 2025، مدفوعة بأحجام أعلى في بصريات الأقمار الاصطناعية LEO، والرؤية الليلية، وخطوط الدفاع.
كان الربح الإجمالي 0.9 مليون دولار (بانخفاض 1.0 مليون سنويًا و0.7 مليون ربع سنويًا بعد الاستثمارات في العمل والمصاريف العامة). كان EBITDA المعدل يقارب 0 دولار (سالب 0.01 مليون). كان الخسارة الصافية 1.4 مليون دولار (خسارة قدرها 0.04 دولار للسهم). كانت أرصدة النقد 0.6 مليون دولار وتراكم النقد مع الائتمان المتاح بلغ 1.3 مليون دولار. الإرشاد لإيرادات الربع الرابع 2025 يتراوح بين 7.3 و8.0 مليون دولار.
- Net sales +6% sequentially to $6.95M
- Q4 2025 revenue guidance of $7.3–$8.0M
- Production yield and throughput improvements across key product lines
- Gross profit down $1.0M year-over-year
- Net loss of $1.4M in Q3 2025
- Adjusted EBITDA decline of $1.1M year-over-year
- Cash balances only $0.6M with total liquidity $1.3M
Insights
Sequential revenue growth but rising losses and thin cash make this quarter mixed for stakeholders.
Net sales rose to
Gross profit fell by
The company indicates operational actions: staffing night shifts, first‑article production for new applications, and cost‑down projects. Management projects Q4 2025 revenue in the
Watch near term: cash burn and liquidity given
Continues sequential revenue growth
ROCHESTER, NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today reported financial results for the third quarter of 2025.
Third Quarter 2025 Financial Highlights
- Net Sales of
$7.0 million increased by6% over the second quarter. Volume on key product lines increased as we successfully implemented yield and efficiency improvements. Improvements were significant across LEO Satellite Optics, Night Vision, and other defense product lines. - Third quarter Gross Profit of
$0.9M was down from the prior year’s third quarter by$1.0 million and down from the preceding quarter by$0.7 million . The Gross Margin was primarily reduced by investments in labor and related overhead made to enhance quality and delivery to our customers. - Adjusted EBITDA for the quarter was nearly zero, down from the prior year by
$1.1 million. Key drivers of the year-over-year decrease include those mentioned above$1.0 million reduction in Gross Profit, as well as an increase in audit fees of$0.2 million and increases in Board of Directors compensation of$0.4 million (non-cash), partially offset by cost controls across many areas, including maintenance costs, administrative costs, and insurance costs. - Cash, including available lines of credit, was
$1.3 million . - Cash balances were
$0.6 million , with year-to-date operating activities generating$0.7 million , investing activities using$0.7 million , and Financing activities using$0.1 million .
Continuation of strong execution plans:
- Our focus and drive on yield and throughput continue to enhance our ability to produce at a high rate for our customers, including significant improvements across LEO Satellite Optics, Night Vision Optics, and Integrated Scope Optics.
- We continue to increase staffing on our night shifts, enabling the company to scale production.
- Expansion into breakthrough applications continues, with several key opportunities moving from the concept phase into the first-article initial production phase.
- We are initiating additional cost-down projects to deliver stronger earnings. This, along with the improvements in yields and throughput, is expected to drive fourth-quarter improvements.
Third Quarter 2025 Financial and Operating Results
The
The third quarter of 2025 adjusted EBITDA was negative
Our net loss for the three months ended in the third quarter of 2025 was
Future Growth
Syntec Optics’ strategy is to lead the large yet often overlooked market for light-enabled products by offering a diverse product portfolio tailored to the needs of blue-chip customers. This nearly
Our recent increases in ongoing sales to the communications, biomedical, and defense industries are expected to continue in the fourth quarter, particularly in space communications, optics, and military-related optics. As such, fourth-quarter 2025 revenue is expected to be higher than the third quarter and in the range of
Our products are propelled by tailwinds as we move towards laser-based satellite communications rather than radar-based systems for low latency, biomedical automation, defense equipment modernization, and onshoring. Mission-critical products use proprietary techniques that provide an economic moat.
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. As more products become light-enabled, Syntec Optics continues to add more product lines, including recent Low Earth Orbit (LEO) satellite optics for communication, lightweight night vision goggle optics for defense, biomedical optics for defense, and data center optics for Artificial Intelligence. To learn more, visit www.syntecoptics.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to the transactions contemplated by the business combination and related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings including registration statement on Form S-4 filed with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
For further information, please contact:
Investor Relations
InvestorRelations@syntecoptics.com
SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)
SYNTEC OPTICS HOLDINGS, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
SEPTEMBER 30, 2025 AND DECEMBER 31, 2024
| 2025 (unaudited) | 2024 | |||||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash | $ | 577,924 | $ | 598,787 | ||||
| Accounts Receivable, Net | 5,820,942 | 5,739,205 | ||||||
| Inventory | 7,921,931 | 6,953,278 | ||||||
| Income Tax Receivable | - | 9,794 | ||||||
| Prepaid Expenses and Other Assets | 245,116 | 596,589 | ||||||
| Total Current Assets | 14,565,913 | 13,897,653 | ||||||
| Property and Equipment, Net | 9,739,651 | 11,668,859 | ||||||
| Deferred Tax Asset | 270,360 | 439,942 | ||||||
| Total Assets | $ | 24,575,924 | $ | 26,006,454 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $ | 2,359,987 | $ | 2,706,392 | ||||
| Accrued Expenses | 1,017,347 | 814,600 | ||||||
| Deferred Revenue | 20,363 | 36,512 | ||||||
| Line of Credit | 6,763,863 | 6,263,863 | ||||||
| Current Maturities of Debt Obligations | 1,455,415 | 467,742 | ||||||
| Current Maturities of Finance Lease Obligations | 347,425 | 284,002 | ||||||
| Total Current Liabilities | 11,964,400 | 10,573,111 | ||||||
| Long-Term Liabilities | ||||||||
| Long-Term Debt Obligations | 1,287,926 | 2,614,812 | ||||||
| Long-Term Finance Lease Obligations | 1,513,905 | 1,784,449 | ||||||
| Total Long-Term Liabilities | 2,801,831 | 4,399,261 | ||||||
| Total Liabilities | 14,766,231 | 14,972,372 | ||||||
| Commitments and Contingencies | - | - | ||||||
| Stockholders’ Equity | ||||||||
| CL A Common Stock, Par value $.0001 per share; 121,000,000 authorized; 36,920,226 issued and outstanding as of September 30, 2025; 36,688,266 issued and outstanding as of December 31, 2024; | 3,692 | 3,669 | ||||||
| Additional Paid-In Capital | 2,602,181 | 2,377,204 | ||||||
| Retained Earnings | 7,203,820 | 8,653,209 | ||||||
| Total Stockholders’ Equity | 9,809,693 | 11,034,082 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 24,575,924 | $ | 26,006,454 | ||||
SYNTEC OPTICS HOLDINGS, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |||||||||||||
| Net Sales | $ | 6,950,220 | $ | 7,866,355 | $ | 20,578,717 | $ | 21,128,263 | ||||||||
| Cost of Goods Sold | 6,095,861 | 6,032,635 | 15,817,774 | 16,412,773 | ||||||||||||
| Gross Profit | 854,359 | 1,833,720 | 4,760,943 | 4,715,490 | ||||||||||||
| General and Administrative Expenses | 2,072,962 | 1,727,480 | 5,597,344 | 5,857,806 | ||||||||||||
| (Loss) Income from Operations | (1,218,603 | ) | 106,240 | (836,401 | ) | (1,142,316 | ) | |||||||||
| Other Income (Expense) | ||||||||||||||||
| Interest Expense, Including Amortization of Debt Issuance Costs | (214,425 | ) | (206,069 | ) | (624,290 | ) | (533,178 | ) | ||||||||
| Other Income | 3,895 | 8,575 | 20,890 | 347,547 | ||||||||||||
| Total Other (Expense) | (210,530 | ) | (197,494 | ) | (603,400 | ) | (185,631 | ) | ||||||||
| Income (Loss) Before Provision for (Benefit) Income Taxes | (1,429,133 | ) | (91,254 | ) | (1,439,801 | ) | (1,327,947 | ) | ||||||||
| Provision (Benefit) for Income Taxes | - | (77,965 | ) | 9,588 | (387,358 | ) | ||||||||||
| Net Loss | $ | (1,429,133 | ) | $ | (13,289 | ) | $ | (1,449,389 | ) | $ | (940,589 | ) | ||||
| Net Loss per Common Share | ||||||||||||||||
| Basic and diluted | $ | (0.04 | ) | $ | (0.00 | ) | $ | (0.04 | ) | $ | (0.03 | ) | ||||
| Weighted Average Number of Common Shares Outstanding | ||||||||||||||||
| Basic and diluted | 36,920,226 | 36,688,266 | 36,920,226 | 36,688,266 | ||||||||||||
SYNTEC OPTICS HOLDINGS, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
| 2025 | 2024 | |||||||
| Cash Flows From Operating Activities | ||||||||
| Net Loss | $ | (1,449,389 | ) | $ | (940,589 | ) | ||
| Adjustments to Reconcile Loss to Net Cash (Used In) | ||||||||
| Provided By Operating Activities: | ||||||||
| Adjustments to Reconcile Loss to Net Cash (Used In) Provided By Operating Activities: | ||||||||
| Depreciation and Amortization | 2,033,935 | 2,122,999 | ||||||
| Amortization of Debt Issuance Costs | 7,250 | 6,806 | ||||||
| Stock-Based Compensation | 225,000 | - | ||||||
| Gain on Disposal of Property and Equipment | - | (309,000 | ) | |||||
| Change in Allowance for Expected Credit Losses | 21,571 | 132,764 | ||||||
| Change in Reserve for Obsolescence | (6,499 | ) | 283,196 | |||||
| Deferred Income Taxes | - | (495,151 | ) | |||||
| (Increase) Decrease in: | ||||||||
| Accounts Receivable | (103,308 | ) | 845,314 | |||||
| Inventory | (962,154 | ) | (2,010,070 | ) | ||||
| Federal Income Tax Receivable | 179,376 | - | ||||||
| Prepaid Expenses and Other Assets | 351,473 | 15,001 | ||||||
| Increase (Decrease) in: | ||||||||
| Accounts Payables and Accrued Expenses | 395,423 | (1,022,602 | ) | |||||
| Federal Income Tax Payable | - | (278,079 | ) | |||||
| Deferred Revenue | (16,149 | ) | 82,813 | |||||
| Net Cash Provided By (Used In) Operating Activities | 676,529 | (1,566,598 | ) | |||||
| - | ||||||||
| Cash Flows From Investing Activities | ||||||||
| Purchases of Property and Equipment | (643,808 | ) | (628,229 | ) | ||||
| Proceeds from Disposal of Property and Equipment | - | 309,000 | ||||||
| Net Cash Used in Investing Activities | (643,808 | ) | (319,229 | ) | ||||
| Cash Flows From Financing Activities | ||||||||
| (Repayments) Borrowing on Line of Credit, Net | 500,000 | (473,729 | ) | |||||
| Borrowing on Debt Obligations | - | 1,100,388 | ||||||
| Repayments on Debt Obligations | (346,463 | ) | (335,209 | ) | ||||
| Repayments on Finance Lease Obligations | (207,121 | ) | (87,084 | ) | ||||
| Net Cash (Used in) Provided By Financing Activities | (53,584 | ) | 204,366 | |||||
| Net Decrease in Cash | (20,863 | ) | (1,681,461 | ) | ||||
| Cash - Beginning | 598,787 | 2,158,245 | ||||||
| Cash - Ending | $ | 577,924 | $ | 476,784 | ||||
| Supplemental Cash Flow Disclosures: | ||||||||
| Cash Paid for Interest | $ | 622,197 | $ | 459,994 | ||||
| - | ||||||||
| Cash Paid for Taxes | $ | - | $ | 568,143 | ||||
| Supplemental Disclosures of Non-Cash Investing Activities: | ||||||||
| Assets Acquired and Included in Accounts Payable and Accrued Expenses | $ | 2,050 | $ | 626,000 | ||||
| Issuance of restricted stock from stock-based compensation | $ | 23 | $ | - | ||||
NON-GAAP RECONCILIATION OF EBITDA
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
| Three Months Ended | Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Net Loss | $ | (1,429,133 | ) | $ | (13,289 | ) | $ | (1,449,389 | ) | $ | (940,589 | ) | ||||
| Depreciation & Amortization | 646,508 | 739,812 | 2,033,935 | 2,129,805 | ||||||||||||
| Stock-Based Compensation | 225,000 | - | 225,000 | - | ||||||||||||
| Debt Issuance Costs | 2,416 | - | 7,250 | - | ||||||||||||
| Interest Expenses | 212,618 | 203,650 | 622,197 | 526,372 | ||||||||||||
| Taxes | - | (77,965 | ) | 9,588 | (387,358 | ) | ||||||||||
| Non-Recurring Items | ||||||||||||||||
| Executive Transition | 329,972 | 122,374 | 579,161 | 122,374 | ||||||||||||
| One-time Contract exit costs | - | - | 21,063 | - | ||||||||||||
| Non-recurring property damage | - | - | 21,261 | - | ||||||||||||
| Professional & Transaction Fees | - | - | - | 174,500 | ||||||||||||
| Technology Start-up Costs | - | 22,275 | - | 272,067 | ||||||||||||
| Optical Molding Evaluation Expenses | - | 77,386 | - | 187,734 | ||||||||||||
| Glass Molding Evaluation Expenses | - | 28,240 | - | 130,196 | ||||||||||||
| Adjusted EBITDA | $ | (12,619 | ) | $ | 1,102,483 | $ | 2,070,066 | $ | 2,215,101 | |||||||
FAQ
What were Syntec Optics (OPTX) net sales in Q3 2025?
How did Syntec Optics (OPTX) perform on profitability in Q3 2025?
What liquidity does Syntec Optics (OPTX) report after Q3 2025?
What guidance did Syntec Optics (OPTX) give for Q4 2025 revenue?
Which product lines drove Syntec Optics (OPTX) Q3 2025 revenue growth?
Why did Syntec Optics (OPTX) gross margin decline in Q3 2025?
