Optex Systems Holdings, Inc. Announces Financial Highlights for the Three Months Ended December 28, 2025

Rhea-AI Summary

Optex Systems Holdings (Nasdaq: OPXS) reported results for the three months ended December 28, 2025, with revenue of $9.145M (up 11.6% YoY) and gross profit $2.096M (gross margin 22.9%, down from 26.0%).

Operating income was $0.15M and net income $0.24M, both lower YoY. Adjusted EBITDA was $0.73M. The company booked $7.9M in new orders and approved a $10M share repurchase program on February 9, 2026.

Positive

• Revenue +11.6% YoY to $9.145M for the quarter
• New orders +31.7% YoY at $7.9M booked in the quarter
• Board approved $10M stock repurchase program on February 9, 2026
• Optex Richardson revenue +55.9% driven by periscopes and XM30 assemblies

Negative

• Gross margin compressed from 26.0% to 22.9% for the quarter
• Operating income declined 83.7% to $0.15M QoQ/YoY comparison
• Net income fell 71.3% to $0.24M for the quarter
• Adjusted EBITDA decreased 36.0% to $0.73M

Key Figures

Quarterly Revenue: $9.145M Revenue Growth: 11.6% Gross Margin: 22.9% +5 more

8 metrics

Quarterly Revenue $9.145M Three months ended December 28, 2025 vs $8.198M prior year

Revenue Growth 11.6% Three months ended December 28, 2025 vs prior year period

Gross Margin 22.9% Three months ended December 28, 2025; down from 26.0% prior year

Operating Income $149K Three months ended December 28, 2025 vs $916K prior year

Net Income $242K Net income applicable to common shareholders vs $844K prior year

Adjusted EBITDA $728K Three months ended December 28, 2025 vs $1.137M prior year

New Orders $7.9M Orders in the quarter vs $6.0M prior year (31.7% increase)

Repurchase Authorization $10M New stock repurchase program approved February 9, 2026

Market Reality Check

Price: $15.11 Vol: Volume 27,584 is below th...

low vol

$15.11 Last Close

Volume Volume 27,584 is below the 20-day average of 53,427, indicating muted pre-release activity. low

Technical Shares at $15.11 are trading above the 200-day MA $12.51 and about 14.9% below the 52-week high.

Peers on Argus

OPXS was roughly flat (-0.1%) while peers were mixed: CODA up 3.24%, but DPRO, H...

OPXS was roughly flat (-0.1%) while peers were mixed: CODA up 3.24%, but DPRO, HOVR, MOB and VWAV down between 2.63% and 7.42%, pointing to stock-specific factors.

Historical Context

5 past events · Latest: Feb 05 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Earnings call notice	Neutral	-4.5%	Scheduled first quarter 2026 earnings call and disclosure logistics.
Jan 05	Leadership hire	Positive	+0.9%	Appointment of Director of Optical Coatings Technology from Raytheon.
Dec 17	Annual results	Positive	-10.9%	Reported strong FY2025 growth and earnings with CEO resignation notice.
Dec 15	New contract win	Positive	-6.9%	Announced $2.33M optical sub-assemblies order adding 2026 visibility.
Dec 08	CEO transition	Positive	-4.9%	Named Chad George as new President and CEO effective Dec 20, 2025.

Pattern Detected

Recent news with generally positive or neutral tone has more often been followed by negative price reactions than by gains.

Recent Company History

Over the last few months, OPXS has reported strong FY2025 results, new contracts, and leadership changes, yet price reactions have often been negative. The FY2025 earnings release on Dec 17, 2025 and subsequent contract and CEO announcements all saw declines. An earnings-call notice on Feb 5, 2026 also coincided with a drop. Today’s detailed quarterly results continue that sequence of operational updates amid a historically cautious share-price response.

Market Pulse Summary

This announcement details an 11.6% revenue increase alongside lower gross margin and a sharp decline...

Analysis

This announcement details an 11.6% revenue increase alongside lower gross margin and a sharp decline in operating income and Adjusted EBITDA. It also highlights stronger order intake of $7.9M, solid working capital of $21.2M, and a new $10M repurchase program. Recent history shows mixed share-price responses to positive news, so investors may focus on contract mix, execution on higher-margin programs, and progress on planned $2.4M in 2026 capital investments.

Key Terms

adjusted ebitda, gaap, non-gaap, rule 10b5-1, +4 more

8 terms

adjusted ebitda financial

"Our Adjusted EBITDA decreased by $0.4 million to $0.7 million..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

gaap financial

"in terms of both the GAAP net income measure and the non-GAAP Adjusted EBITDA..."

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

non-gaap financial

"in terms of both the GAAP net income measure and the non-GAAP Adjusted EBITDA measure."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

rule 10b5-1 regulatory

"automatic sales of common stock under a pre-arranged Rule 10b5-1 trading plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

continuing resolution regulatory

"often results in a continuing resolution ("CR") which can delay new contract awards..."

A continuing resolution is a temporary funding law passed by a government to keep federal agencies operating at existing budget levels when the formal appropriations laws are not finished. Think of it as a short-term bridge that prevents a shutdown but creates uncertainty about future spending, which can affect government contractors, scheduled programs, and investor confidence because it delays new projects, grants, and clear fiscal guidance.

working capital financial

"As of December 28, 2025, Optex Systems Holdings had working capital of $21.2 million..."

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

revolving credit facility financial

"there were no borrowings or payments against our revolving credit facility with Texas Capital Bank."

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

stock repurchase program financial

"terminated the Company's existing stock repurchase program and approved a new stock repurchase program..."

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

AI-generated analysis. Not financial advice.

RICHARDSON, TX / ACCESS Newswire / February 11, 2026 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced financial results for the three months ended December 28, 2025.

Chad George, CEO of Optex Systems Holdings, Inc., commented, "Sales increased compared to the prior year quarter due to an increase in periscope demand, as well as an increase in our new product development activities for the XM30 program. Margins compressed due in large part to a loss reserve that we had to realize for the gold usage on the Abrams day window program. The price of gold has increased by over 250% over the last three years which is causing margin erosion on this 5 year old IDIQ contract. We do not expect the lower gross profit to continue through the balance of 2026, as our old legacy periscope contracts roll off and are replaced with more favorable pricing in our current backlog.

We also incurred $0.3 million of non-recurring costs within general and administrative expenses associated with the CEO transition as well as with the retirement of two other senior level employees. We expect G&A spending to remain at a higher level during 2026, as we invest in research and development to drive new product lines and capabilities at Optex. Increased defense spending is driving additional demand for opto-mechanical assemblies, and we are increasing our investment to meet this anticipated demand. Long-term, we expect our margins to be in line with our prior year's performance as this additional spending is expected to be offset by higher margins on our legacy programs and continued revenue growth."

For the three months ended December 28, 2025, our total revenues increased by $0.9 million, or 11.6%, compared to the prior year period. The increase in revenue was primarily driven by increased revenue at the Optex Richardson segment, partially offset by decreased revenue at the Applied Optics Center segment.

Optex Richardson revenue increased by $1.9 million or 55.9% for the three months ended December 28, 2025 as compared to the prior year period with increased production levels on the periscope product line combined with higher sighting system deliveries against our new XM30 display periscope assemblies and higher customer demand for muzzle reference systems and big eye binoculars in our other product group.

Applied Optics Center revenue decreased by $1.0 million or 20.1% for the three months ended December 28, 2025 as compared to the prior year period. The revenue decrease is primarily attributable to lower customer demand for laser filters and optical assemblies. We expect revenues to increase across laser filters and optical assemblies during the second half of fiscal year 2026 based on new order bookings and anticipated contract awards.

Consolidated gross profit for the three months ended December 28, 2025 was slightly lower during the current year period as compared to the prior year period a higher mix of shipments against our legacy long-term loss contracts combined with changes in mix between segments and product lines combined. During the current year three-month period the Applied Optics Center realized increased cost of sales due to contract loss reserves which was driven by higher usage and the price of gold applied during the coating process on one of its product lines. The lower gross profit for the Applied Optics Center segment was somewhat offset by improved gross profit at the Optex Richardson segment on higher revenue, changes in product mix, improved labor performance on our periscope line and a reduction in loss contract deliveries as the long-term loss contracts have been completed or are nearing completion. The consolidated gross margin percentage decreased from 26.0% to 22.9% in the current year three-month period as compared to the prior year three-month period. We anticipate higher revenues and gross profits for both segments during the second through fourth quarters of fiscal year 2026, as the long-term loss contract for Optex Richardson is nearing completion and has been replaced with more favorably priced orders and revenues are shifting at the Applied Optics Center toward more profitable product lines.

During the three months ended December 28, 2025 and December 29, 2024, we recorded operating expenses of $1.9 million and $1.2 million, respectively. Operating expenses increased by 58.3% over the prior year period primarily due to increased labor and fringes of $0.5 million, increased stock compensation of $0.1 million and increased legal and IT service costs of $0.1 million. During the three-month period ended December 28, 2025, the Company incurred $0.3 million in increased general and administrative costs associated with higher salaries and fringes for Chad George, serving as President of Optex Systems Holdings. Danny Schoening retired as Chief Executive Officer effective on December 20, 2025, at which time Chad George assumed the role of the Company CEO. In addition, during the three-month period ending December 28, 2025, there were two senior level positions that were double staffed as retiring employees were training their hired replacements. With the resignation of Danny Schoening in December, and the retirement of the two senior level employees in early January 2026, we do not expect these expenses to recur beyond the first three months of fiscal year 2026.

During the three months ended December 28, 2025, we recorded operating income of $0.1 million, as compared to operating income of $0.9 million during the three months ended December 29, 2024. The $0.8 million decrease in operating income is primarily due to lower gross profit and higher general and administrative costs.

During the three months ended December 28, 2025, we recorded net income applicable to common shareholders of $0.2 million as compared to net income applicable to common shareholders of $0.8 million during the three months ended December 29, 2024. The $0.6 million decrease in net income is primarily attributable to increase general and administrative costs of $0.7 million, partially offset by interest revenue and a federal income tax benefit during the three month period ended December 28, 2025.

Our key performance measures for the three months ended December 28, 2025 and December 29, 2024 are summarized below.

		(Thousands)
		Three months ended
Metric		December 28, 2025				December 29, 2024				% Change
Revenue		$	9,145			$	8,198				11.6	%
Gross Profit		$	2,096			$	2,128				(1.5	)%
Gross Margin %			22.9	%			26.0	%			(11.9	)%
Operating Income		$	149			$	916				(83.7	)%
Net Income		$	242			$	844				(71.3	)%
Adjusted EBITDA (non-GAAP)		$	728			$	1,137				(36.0	)%

Our Adjusted EBITDA decreased by $0.4 million to $0.7 million for the three months ended December 28, 2025, as compared to $1.1 million for the prior year period. The decrease in Adjusted EBITDA is primarily driven by lower net income of ($0.6) million, offset with the addition of $0.3 million in non-recurring general and administrative costs and other changes of ($0.1) million as compared to the prior year period.

The table below summarizes our twelve-month operating results for the periods ended December 28, 2025 and December 29, 2024, in terms of both the GAAP net income measure and the non-GAAP Adjusted EBITDA measure. We believe that including both measures allows the reader to better evaluate our overall performance.

		(Thousands) Three months ended
		December 28, 2025				December 29, 2024
Net Income (GAAP)		$	242			$	844
Add:
Non-recurring General and Administrative Expenses			277				-
Depreciation and Amortization			90				129
Federal Income Tax (Benefit) Expense			(45	)			59
Stock Compensation			212				92
Interest (Income) Expense, net			(48	)			13
Adjusted EBITDA - Non-GAAP		$	728			$	1,137

Adjusted EBITDA has limitations and should not be considered in isolation or a substitute for performance measures calculated under GAAP. This non-GAAP measure excludes certain cash expenses that we are obligated to make. In addition, other companies in our industry may calculate Adjusted EBITDA differently than we do or may not calculate it at all, which limits the usefulness of Adjusted EBITDA as a comparative measure.

During the three months ended December 28, 2025, the Company booked $7.9 million in new orders, representing a 31.7% increase over the prior year period orders of $6.0 million. The orders for the most recently completed three months consist of $3.8 million for our Optex Richardson segment and $4.1 million attributable to the Applied Optics Center segment.

A substantial portion of our revenue is derived from U.S. Government contracts, which are subject to annual congressional appropriations. Failure to pass the annual appropriations by October 1, the start of the new fiscal year, often results in a continuing resolution ("CR") which can delay new contract awards, exercising of contract options, and starting of new program initiatives, which could materially and adversely affect our future revenues. From October 1, 2025 to November 12, 2025, the federal government of the United States was in a shutdown as Congress failed to pass appropriations legislation for the 2026 fiscal year. On November 10, 2025, Congress passed a CR, which funded the government at existing spending levels through January 30, 2026. On February 3, 2026 a funding appropriation bill was passed by Congress and signed by the President which covers the majority of U.S. Government spending for the 2026 fiscal year. The funding bill excluded the Department of Homeland Security which is subject to further negotiations. The Company has not experienced a slow-down of total consolidated contract awards during the first three months of fiscal year 2026, however we have experienced a reduction in contract awards for our laser filters at the Applied Optics Center which we attribute to the 2025 government shutdown and CR. While we cannot provide assurances, we are anticipating new contract awards against current outstanding proposal requests for these laser filters as a result of the approved funding.

Subsequent to the period ended December 28, 2025, on February 6, 2026, the Applied Optics Center received a new order from a prime military contractor for laser interface filters valued at $2.2 million with deliveries to begin in the third fiscal quarter of 2026 and extend into the second fiscal quarter of 2027. We anticipate additional awards since the appropriations bill was approved on February 3, 2026.

As of December 28, 2025, Optex Systems Holdings had working capital of $21.2 million, as compared to $21.1 million as of September 28, 2025. During the three months ended December 28, 2025, we used operating cash of $(0.1) million, primarily driven by increased inventory and payments against accounts payable. During the three months ended December 28, 2025, there were no borrowings or payments against our revolving credit facility with Texas Capital Bank.

At December 28, 2025, the Company had approximately $5.8 million in cash and no outstanding balance on our revolving credit line. As of December 28, 2025, our outstanding accounts receivable balance was $4.4 million, of which $4.1 million has been collected during January 2026.

During the three months ended December 28, 2025 the Company invested $0.5 million and as of December 28, 2025 has capital commitments of an additional $0.5 million for the purchase of property and equipment including a DLC coater and prototype metal machining center. The Company plans to spend a total $2.4 million in capital investment over fiscal year ending 2026 to expand its current capacity as well as develop new capabilities to expand into adjacent markets. Obsolete equipment will be replaced with new or upgraded systems to reduce downtime and drive capacity improvements for both Optex Richardson and the Applied Optics Center. Also, new capabilities will be required to support new product lines at Applied Optics Center, as well as support the increased focus on research and rapid prototype development at Optex Richardson.

On February 9, 2026, the Board of Directors of the Company terminated the Company's existing stock repurchase program and approved a new stock repurchase program pursuant to which the Company may purchase up to $10 million in shares of the Company's outstanding common stock (the "Repurchase Program"). The Repurchase Program allows the Company to purchase common stock from time to time through, among other methods, open market purchases, privately negotiated transactions, and/or pursuant to Rule 10b5-1 trading plans, subject to applicable securities laws and other legal requirements and relevant factors. The number of shares purchased and the timing of any purchases will depend upon a number of factors, including the price and availability of the Company's common stock and general market conditions. The Repurchase Program may be modified, suspended or terminated at any time, without prior notice.

Highlights of the Consolidated and Segment Results of Operations have been prepared in accordance with GAAP. These financial highlights do not include all information and disclosures required in the consolidated financial statements and footnotes and should be read in conjunction with our Form 10-Q for the three months ended December 28, 2025 and our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on February 11, 2026 and December 17, 2025, respectively.

Optex Systems Holdings, Inc.
Condensed Consolidated Balance Sheets

		(Thousands, except share and per share data)
		(Unaudited) December 28, 2025				September 28, 2025
ASSETS
Cash and Cash Equivalents		$	5,841			$	6,389
Accounts Receivable, Net			4,356				4,569
Inventory, Net			14,966				14,322
Contract Asset			134				142
Prepaid Expenses			214				285
Current Assets			25,511				25,707
Property and Equipment, Net			1,793				1,427
Other Assets
Deferred Tax Asset			1,244				1,199
Right-of-use Asset			1,640				1,700
Security Deposits			23				23
Other Assets			2,907				2,922
Total Assets		$	30,211			$	30,056
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable		$	1,400			$	1,525
Operating Lease Liability			668				645
Federal Income Taxes Payable			87				87
Accrued Expenses			1,458				1,634
Accrued Selling Expense			141				141
Accrued Warranty Costs			168				162
Contract Loss Reserves			185				132
Customer Advance Deposits			243				234
Current Liabilities			4,350				4,560
Other Liabilities
Operating Lease Liability, net of current portion			1,116				1,205
Total Liabilities			5,466				5,765
Commitments and Contingencies			-				-
Stockholders' Equity
Common Stock - ($0.001 par, 2,000,000,000 authorized, 6,937,358 and 6,920,658 shares issued and outstanding, respectively)			7				7
Additional Paid in Capital			22,013				21,801
Retained Earnings			2,725				2,483
Stockholders' Equity			24,745				24,291
Total Liabilities and Stockholders' Equity		$	30,211			$	30,056

The accompanying notes in our Form 10-Q for the three months ended December 28, 2025 and our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on February 11, 2026 and December 17, 2025, respectively, are an integral part of these financial statements.

Optex Systems Holdings, Inc.
Condensed Consolidated Statements of Income
(Unaudited)

		(Thousands, except share and per share data)
		Three months ended
		December 28, 2025				December 29, 2024
Revenue		$	9,145			$	8,198
Cost of Sales			7,049				6,070
Gross Profit			2,096				2,128
General and Administrative Expense			1,947				1,212
Operating Income			149				916
Interest Income (Expense)			48				(13
Income Before Taxes			197				903
Income Tax (Benefit) Expense, net			(45	)			59
Net Income		$	242			$	844
Basic Income per Share		$	0.04			$	0.12
Weighted Average Common Shares Outstanding - basic			6,890,823				6,813,938
Diluted Income per Share		$	0.03			$	0.12
Weighted Average Common Shares Outstanding - diluted			6,956,067				6,912,594

The accompanying notes in our Form 10-Q for the three months ended December 28, 2025 and our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on February 11, 2026 and December 17, 2025, respectively, are an integral part of these financial statements.

ABOUT OPTEX SYSTEMS HOLDINGS

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 "believe," "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, G&A expenses, profit margins and working capital); customer demand; orders and backlog; 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
1-972-764-5718

SOURCE: Optex Systems Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

What were Optex Systems (OPXS) revenues and margins for Q3 2026 (quarter ended Dec 28, 2025)?

Revenue was $9.145 million and gross margin was 22.9% for the quarter. According to the company, revenue rose 11.6% year‑over‑year while gross margin declined from 26.0% due to legacy contract mix and higher gold-related costs.

Why did Optex Systems (OPXS) report lower profitability in the December 28, 2025 quarter?

Profitability fell mainly from lower gross profit and higher G&A costs. According to the company, loss reserves tied to gold usage on an Abrams day window program and $0.3M of non-recurring CEO transition costs compressed margins and operating income.

How much new business did Optex Systems (OPXS) book in the quarter ended Dec 28, 2025?

Optex booked $7.9 million in new orders in the quarter, a 31.7% increase versus prior year. According to the company, orders included $3.8M for Optex Richardson and $4.1M for Applied Optics Center.

What is the scope of Optex Systems' (OPXS) new share repurchase program announced Feb 9, 2026?

The board approved a repurchase program authorizing up to $10 million of common stock purchases. According to the company, purchases may occur via open market, negotiated transactions, or Rule 10b5‑1 plans and can be modified or suspended.

What near‑term operational investments did Optex Systems (OPXS) disclose for fiscal 2026?

The company plans roughly $2.4 million of capital expenditures in fiscal 2026 to expand capacity and add capabilities. According to the company, planned purchases include a DLC coater and prototype machining center to support growth and new product lines.