Optex Systems Announces $2.19 Million Order for Optical Assemblies Supporting an Enhanced Night Vision Goggle Program
Optex Systems (Nasdaq: OPXS) won a $2.19 million contract from a U.S. Government prime contractor to supply optical assemblies supporting an enhanced Night Vision Goggle program.
Rhea-AI Summary
Optex Systems (Nasdaq: OPXS) won a $2.19 million contract from a U.S. Government prime contractor to supply optical assemblies supporting an enhanced Night Vision Goggle program.
Deliveries begin in Q2 2026 and run through early 2027. The company reported backlog now exceeds $38 million, and will supply laser protection filters and high-volume thin-film coatings.
Positive
- $2.19M awarded contract to supply optical assemblies
- Deliveries scheduled to start in Q2 2026 through early 2027
- Backlog increased to in excess of $38M, indicating near-term revenue visibility
- Strength in high-volume thin-film coating capability supporting military NVG programs
Negative
- None.
Details
News Market Reaction – OPXS
In the Feb 10 session, OPXS declined 0.10%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Night vision order
- $2.19M
- Optical assemblies supporting Night Vision Goggle system; deliveries Q2 2026–early 2027
- Backlog
- >$38M
- Optex Systems backlog after the new order
- FY2025 revenue
- $41.3M
- Fiscal 2025 revenue, up 21.6% year over year
- FY2025 gross profit
- $12.1M
- Fiscal 2025 gross profit; 29.2% margin
- FY2025 net income
- $5.15M (EPS $0.75)
- Net income applicable to common shareholders in fiscal 2025
- Adjusted EBITDA
- $8.03M
- Fiscal 2025 adjusted EBITDA
- Capital spending plan
- $2.4M
- Planned capital expenditures disclosed for upcoming period
- Asset impairment
- $0.8M
- Fiscal 2025 asset impairment charge
Historical Context
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Announcement of date and details for fiscal 2026 Q1 earnings call.
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Appointment of Director of Optical Coatings Technology to lead thin-film efforts.
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FY2025 results showing revenue growth, higher profitability, and capital plans.
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Announcement of a $2.33M optical sub-assembly contract and backlog > $38M.
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Chad George named President and CEO, with prior CEO remaining Chairman.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
night vision goggle technical
laser protection filters technical
thin-film coating technical
optical assemblies technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
RICHARDSON, TX / ACCESS Newswire / February 10, 2026 / 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 from a U.S. Government Prime Contractor, in support of a Night Vision Goggle system. The order value is
"We are proud to continue the legacy of supplying laser protection filters, in high volume, to the U.S. warfighters. Our technical staff is second to none in understanding the physics and manufacturing processes that enable us to be a leader with regard to protecting both equipment and the human eye in battlefield conditions. Our large thin-film coating chambers are specially designed to handle very high volume and high layer count coatings. This is why we remain a key contributor to products of this type and will continue to do so, well into the future." stated Bill Bates, GM, AOC.
With this order, the current Optex Systems Holdings' backlog is in excess of
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 www.optexsys.com.
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.
Contact:
IR@optexsys.com
(972) 764-5718
SOURCE: Optex Systems Holdings, Inc.
View the original press release on ACCESS Newswire